Richard Dennis
I don't think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.
Richard Dennis
...he placed classified ads proclaiming 'trader wanted,' he got some 1,000 responses from people eager to learn his methods. He settled on fewer than two dozen novices--among them two professional gamblers and a fantasy-game designer--and after a two-week training program, he gave them money to trade under his firm's auspices. Several went on to become top commodity-fund managers...
Business Week
Unlike Eckhardt (and most other savants) Dennis believed that trading could be taught and learned. Eckhardt belonged to the you're born with it or you're not camp.
Barclays Report
Richard Dennis must be saluted for his skills as a trader and teacher. His instruction to his students the Turtles was a great story and Trend Following philosophy has stood the test of time.
Dennis himself has made hundreds of millions of dollars over the years. But while his students have had successful money management careers, Dennis seems to not mesh well with clients. If Dennis just traded for himself he would be fine (and much richer).
The comprehensive look at Dennis and the Turtles is only found in "The Complete TurtleTrader" by Michael Covel. Also, consider two videos from Michael Covel:
And video number two on the book "The Complete TurtleTrader":
NOTE: If you want to learn about trend following trading in general there is one definitive text: the bestselling classic "Trend Following: How Great Traders Make Millions in Up or Down Markets" by Michael Covel. If you want to learn about the most famous group of trained trend following traders, the Turtles and their teacher Richard Dennis, "The Complete TurtleTrader" by Michael Covel is the only complete biography (with all of the Turtle rules) available. If you want to learn trend following techniques and systems through advanced home study and or seminars click here.
