The Way to Win in Trading - Way of the Turtles

Turtle Traders has been able to consistently make profit in their trading. There are reasons for the performance. We can learn from them. The Way of Turtles can be summarized as below:

Trade with an Edge: Find a trading strategy that will produce positive returns over the long run because it has a positive expectation. What it means is that the probability of winning must be higher the losing so that in the long run, we will win in the game.
Manage Risk: Control risk so that you can continue to trade or you may not be around to see the benefits of a positive expectation system. The overall expectancy of the trading must be positive to achieve positive return in the long run.
Be Consistent: Execute your plan consistently to achieve the positive expectation of your system. Execution is always the key factor in ensuring positive returns in the long run.
Keep It Simple: The core of our approach was simple: catch every trend. Two or three trades might account for all your profits, so don’t miss a trend or you might kill your whole year. This is simple and easy to understand, not easy to do.

Again, trading is about discipline, discipline and discipline. The method should be scientific enough.

Comments

How to do technical analysis for stocks?

I started investing in stock market about 20 years ago. Initially subscribing to IPOs. I had not have luck with IPOs. All of them ended with money losing deal, even though I held on to them for a few years. So, I concluded that the IPOs in Singapore market is over priced. Then I started to read analyst reports on stocks and invest in companies (typically blue chips). Not much profit but good dividends during the good years. Then, came the financial crises. I went on to buy blue chip companies during crises and I held them over the years and sold of a about 120% gain over 5 years on average. Due to some distraction, I stayed away from the market during this crisis and missed the opportunity to buy during the lows. Recently (few months ago), I had been doing some stock trading and currency trading using technical analysis method for more than a year. So far, I had tried many different technical analysis using different indicators (Moving averages, MACD, RMO, Fibonacci, Stochastics, RSI e...

Trading systems

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Professional Investor's advice, market hype etc.

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