Turtles
Fighting the scams, frauds and charlatans
The Original
T
urtle Trading Rules
ORIGINALTURTLES.ORG
The Original T urtle Trading Rules
2003 OrignalTurtles.org
T able of Contents
Volatility Adjusted Position Units
Examples
FOREWORD
14
14
Free Rules? Are you kidding?
1
The Importance of Position Sizing
15
The Origin of the Free Rules Project
1
Units as a measure of Risk
16
The Ugly Truth about the System Sellers
2
Adjusting Trading Size
17
Rules You Won’t Follow Don’t Matter
3
The Genesis of the Project
3
CHAPTER
FOUR
Entries
Breakouts
The Turtle Experiment
CHAPTER
5
18
Adding Units
19
Consistency
INTRODUCTION
18
20
ONE
A Complete Trading System
7
CHAPTER
The Components of a Complete System
8
Stops
21
Markets – What to buy or sell
8
Turtle Stops
21
Position Sizing – How much to buy or sell 8
Stop Placement
22
Entries – When to buy or sell
Alternate Stop Strategy – The Whipsaw
23
Benefits of the Turtle System Stops
24
8
Stops – When to get out of a losing position9
FIVE
Exits – When to get out of a winning position 9
CHAPTER
Tactics – How to buy or sell
9
Exits
25
Summary
9
Turtle Exits
26
These are Difficult Exits
26
CHAPTER
SIX
TWO
Markets: What the Turtles Traded
10
CHAPTER
SEVEN
Tactics
CHAPTER
Entering Orders
THREE
27
27
Position Sizing
12
Fast Markets
28
Volatility – The Meaning of N
12
Simultaneous Entry Signals
28
Dollar Volatility Adjustment
13
Buy Strength – Sell Weakness
29
Rolling Over Expiring Contracts
29
Finally
30
CHAPTER
EIGHT
Further Study
32
Trading Psychology
32
Money Management
33
Trading Research
33
Final Warning
33
Foreword
ORIGINAL TURTLES
f
Free Rules?
Are you kidding?
Why are some of the
The Original
T
urtle Trading Rules
ORIGINALTURTLES.ORG
The Original T urtle Trading Rules
2003 OrignalTurtles.org
T able of Contents
Volatility Adjusted Position Units
Examples
FOREWORD
14
14
Free Rules? Are you kidding?
1
The Importance of Position Sizing
15
The Origin of the Free Rules Project
1
Units as a measure of Risk
16
The Ugly Truth about the System Sellers
2
Adjusting Trading Size
17
Rules You Won’t Follow Don’t Matter
3
The Genesis of the Project
3
CHAPTER
FOUR
Entries
Breakouts
The Turtle Experiment
CHAPTER
5
18
Adding Units
19
Consistency
INTRODUCTION
18
20
ONE
A Complete Trading System
7
CHAPTER
The Components of a Complete System
8
Stops
21
Markets – What to buy or sell
8
Turtle Stops
21
Position Sizing – How much to buy or sell 8
Stop Placement
22
Entries – When to buy or sell
Alternate Stop Strategy – The Whipsaw
23
Benefits of the Turtle System Stops
24
8
Stops – When to get out of a losing position9
FIVE
Exits – When to get out of a winning position 9
CHAPTER
Tactics – How to buy or sell
9
Exits
25
Summary
9
Turtle Exits
26
These are Difficult Exits
26
CHAPTER
SIX
TWO
Markets: What the Turtles Traded
10
CHAPTER
SEVEN
Tactics
CHAPTER
Entering Orders
THREE
27
27
Position Sizing
12
Fast Markets
28
Volatility – The Meaning of N
12
Simultaneous Entry Signals
28
Dollar Volatility Adjustment
13
Buy Strength – Sell Weakness
29
Rolling Over Expiring Contracts
29
Finally
30
CHAPTER
EIGHT
Further Study
32
Trading Psychology
32
Money Management
33
Trading Research
33
Final Warning
33
Foreword
ORIGINAL TURTLES
f
Free Rules?
Are you kidding?
Why are some of the