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ment with his partner, William Eckhardt. This was the issue at hand: Can the skills of a successful trader be learned? Or are they innate, some sort of "sixth sense" a lucky few are born with? |
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In 1984 and 1985, Dennis placed ads seeking trader trainees. Twenty-three young people were hired and trained in proprietary trading methods during a two-week seminar. Dennis called his protégés the "Turtles." (He had visited a turtle "farm" in Singapore and had decided that he could ''grow" traders the way this farm grew turtles!) |
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The results of his experiment have been impressive to say the very least. Today these "Turtles" collectively manage more than $2 billion for customers. Annual returns of more than 50 percentand even more than 100 percenthave resulted. Some Turtles have had returns exceed 100 percent in a single month! |
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Dennis said, "Trading was even more teachable than I had imagined." |
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The professionals have actually made our case for us. After all, it is the professionals who prove that trading is a skill that can be learned, and that the concepts for successful trading can be mastered. |
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If you truly want to trade, there are ways to improve your chances of market survival. You do not have to learn everything. You must learn a proven, solid trading method, and then consistently apply that method without emotion. |
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That is a manageable task, so let's get on with it. |
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The next chapter will explore the six steps that you need to cover tolearn how to trade. |
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