True story Ninjas, listen to this;
In the early 1980s, a captivating experiment in trading took place, involving a renowned commodities trader named Richard Dennis. He believed that successful trading could be taught and was not solely reliant on innate talent. To prove his theory, he set out to find a group of individuals he could mold into profitable traders.
Dennis, a firm believer in trend-following strategies, developed a simple and straightforward trading system that focused on identifying and riding market trends. The rules were clear-cut and required no complex calculations or indicators.
He gathered a diverse group of individuals, some with little to no trading experience, whom he affectionately called the "Turtle Traders." The name was inspired by an exhibit of turtle farm in Singapore, as Dennis remarked that he could grow traders as quickly and efficiently as the farm grew turtles.
The training began, and Dennis shared his simple trend-following strategy with his protégés. The Turtle Traders learned to identify entry and exit points based on price action and a few straightforward indicators.
Consistency was the key tenet of the training. The Turtle Traders were expected to stick to the rules religiously and follow the strategy even during challenging market conditions. It was not about making impulsive decisions or chasing after every potential profit; it was about maintaining discipline and patience.
As the Turtle Traders ventured into the world of trading, they faced a variety of market environments. There were moments of success and periods of drawdowns. However, what set them apart was their unwavering commitment to the simple strategy they had been taught.
Over time, the Turtle Traders' discipline and consistency paid off. They proved that Richard Dennis was right – successful trading could indeed be taught. Several of the Turtle Traders went on to achieve remarkable success, achieving annual returns of over 100% and earning millions of dollars in profits.
The story of the Turtle Traders serves as a timeless reminder of the power of sticking to a simple strategy and applying it consistently. In a world where complexity often dazzles and confuses, Richard Dennis's experiment showed that mastery lies in simplicity. By resisting the allure of constant strategy-hopping and embracing patience and discipline, the Turtle Traders proved that even novices can thrive in the trading world with a well-defined, straightforward approach.
Too many Bambi traders want to over complicate, it isn't neccesary - I've used the same strategy for years and although I've developed nuances the foundation remains the same.
Consistency comes from repeatability.
Repeatability comes from simplicity.
Simplicity comes from making an observation and REFUSING to chase after more!
Do you understand Ninja?
Good, you're learning ;)
See you in the next episode and always remember to...
...keep your blades sharp.
Ninja Nick
In the early 1980s, a captivating experiment in trading took place, involving a renowned commodities trader named Richard Dennis. He believed that successful trading could be taught and was not solely reliant on innate talent. To prove his theory, he set out to find a group of individuals he could mold into profitable traders.
Dennis, a firm believer in trend-following strategies, developed a simple and straightforward trading system that focused on identifying and riding market trends. The rules were clear-cut and required no complex calculations or indicators.
He gathered a diverse group of individuals, some with little to no trading experience, whom he affectionately called the "Turtle Traders." The name was inspired by an exhibit of turtle farm in Singapore, as Dennis remarked that he could grow traders as quickly and efficiently as the farm grew turtles.
The training began, and Dennis shared his simple trend-following strategy with his protégés. The Turtle Traders learned to identify entry and exit points based on price action and a few straightforward indicators.
Consistency was the key tenet of the training. The Turtle Traders were expected to stick to the rules religiously and follow the strategy even during challenging market conditions. It was not about making impulsive decisions or chasing after every potential profit; it was about maintaining discipline and patience.
As the Turtle Traders ventured into the world of trading, they faced a variety of market environments. There were moments of success and periods of drawdowns. However, what set them apart was their unwavering commitment to the simple strategy they had been taught.
Over time, the Turtle Traders' discipline and consistency paid off. They proved that Richard Dennis was right – successful trading could indeed be taught. Several of the Turtle Traders went on to achieve remarkable success, achieving annual returns of over 100% and earning millions of dollars in profits.
The story of the Turtle Traders serves as a timeless reminder of the power of sticking to a simple strategy and applying it consistently. In a world where complexity often dazzles and confuses, Richard Dennis's experiment showed that mastery lies in simplicity. By resisting the allure of constant strategy-hopping and embracing patience and discipline, the Turtle Traders proved that even novices can thrive in the trading world with a well-defined, straightforward approach.
Too many Bambi traders want to over complicate, it isn't neccesary - I've used the same strategy for years and although I've developed nuances the foundation remains the same.
Consistency comes from repeatability.
Repeatability comes from simplicity.
Simplicity comes from making an observation and REFUSING to chase after more!
Do you understand Ninja?
Good, you're learning ;)
See you in the next episode and always remember to...
...keep your blades sharp.
Ninja Nick