Holy crap! Turning $400 into nearly $200 million—the secret was this set of rules 🔥
He didn’t rely on predicting the market, but on a set of trading rules anyone can follow!
The legendary trader Richard Dennis’s “Turtle Trading” strategy boils down to three things:
✅ Find the trend
Go long when the price breaks above its 55-day high, and go short when it falls below its 55-day low. If there’s no breakout, wait patiently.
✅ Limit losses
Set your stop-loss before entering a trade, then calculate your position size based on risk. The more volatile the market, the smaller the position. Never add to a losing position.
✅ Let profits run
Add to your position in stages only when the market moves in your favor; don’t set a fixed take-profit level. If you’re long and the price falls below its 20-day low, exit according to the rules.
It can withstand many small losses, waiting for a few major trends to more than cover the costs.
He didn’t rely on predicting the market, but on a set of trading rules anyone can follow!
The legendary trader Richard Dennis’s “Turtle Trading” strategy boils down to three things:
✅ Find the trend
Go long when the price breaks above its 55-day high, and go short when it falls below its 55-day low. If there’s no breakout, wait patiently.
✅ Limit losses
Set your stop-loss before entering a trade, then calculate your position size based on risk. The more volatile the market, the smaller the position. Never add to a losing position.
✅ Let profits run
Add to your position in stages only when the market moves in your favor; don’t set a fixed take-profit level. If you’re long and the price falls below its 20-day low, exit according to the rules.
It can withstand many small losses, waiting for a few major trends to more than cover the costs.