Turtles Trading Strategy Explained - COMPREHENSIVE

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  • Опубликовано: 24 дек 2024

Комментарии • 50

  • @EternallyGreat
    @EternallyGreat 10 дней назад

    Amazing video! Great job!!

  • @theodoreboosalis
    @theodoreboosalis 3 года назад +9

    TY for this video. I finally got the position sizing requirement. I will add my own wrinkles to the mix and start using the system as one component of my trading strategy. I feel like it's a great way to take advantage of trending stocks and markets.

  • @revg9742
    @revg9742 12 дней назад

    perfect explanation, i need those calculation. thank you so much sir

  • @andreschavez9671
    @andreschavez9671 2 года назад +11

    Great video. Mind boggling how there are so little views. Thank you

  • @moretochess
    @moretochess 10 месяцев назад +2

    Mind blowing video, really helpful, deep insights, never seen such a complete video, you are awesome!

  • @macaroons1240
    @macaroons1240 Год назад +3

    Great walkthrough!

  • @christopherk7920
    @christopherk7920 Год назад +8

    If you take into account of Monte Carlo Fallacy, psychology is critical because despite a strategy having positive expectancy, a 8-9 losing streak would cause many traders to lose considerable confidence. Worst case, he/she would abandon the method all together.

    • @MrSaywutnow
      @MrSaywutnow 11 месяцев назад

      I'm currently having this exact confidence issue. I'm more or less convinced that the 2xATR stop loss does not provide enough of a buffer against retracements which may occur shortly after a trading signal has been triggered. At 2xATR, a move of as little as 5% in the wrong direction after entering a trade can be enough to trigger stop-loss, and that can easily happen within a couple of days.

    • @christopherk7920
      @christopherk7920 11 месяцев назад +1

      @@MrSaywutnow usually 2 x ATR is ok base on my experience. If you have sufficient data (for eg 100 trades) to prove that it doesn't, it's a good time to review your SL placement. Do take note 2 x ATR may work well for certain pairs and not for others. Good luck

    • @gamershideout89-ke2vn
      @gamershideout89-ke2vn 10 месяцев назад

      ​@@christopherk7920can I apply this system in Forex pairs? Also, confidence can be trained by using smaller account size, say $100 even with 8-9 losing streak. After all, Richard Dennis started with $400 and grew it to $150mil.

    • @Catcatcat3210
      @Catcatcat3210 7 месяцев назад

      @@MrSaywutnow using the 2xATR gives an expectation of price move over 20 days, if it breaches 2xATR price is showing you that its a oversize move in the wrong direction and there is a good chance the trend failed and would be a good idea to exit

  • @tr0wb3d3r5
    @tr0wb3d3r5 10 месяцев назад

    Really simple and concise explanation. ty

  • @jainamshah1049
    @jainamshah1049 5 месяцев назад

    Very helpful and great learning. Thank you so much 😊

  • @rodjames5771
    @rodjames5771 Год назад +2

    Thank you so much for this video. Your analysis was brilliant and it really helped me look at my system a lot closer.

    • @g_mkvl
      @g_mkvl 8 месяцев назад

      Só? Are you profitable now?

  • @hardesteasymoney754
    @hardesteasymoney754 2 месяца назад

    Firstly, thank you for this. Secondly, thank you for this.

    • @ThinkMarketsglobal
      @ThinkMarketsglobal  2 месяца назад

      Thank you, we're happy to hear that you found it helpful. We wish you good luck with your trading!

  • @dkct2010
    @dkct2010 Год назад +1

    Thanks really good stuff

  • @arathaemaxus5250
    @arathaemaxus5250 Год назад +3

    The books says 1 N to pyramid not 0.5 and max of 4-5 units not 6-10. Curious where you got your info

  • @nurburgringkid
    @nurburgringkid 2 года назад +15

    Jump to 7:52 . you're welcome

  • @manolin.6597
    @manolin.6597 2 года назад +1

    Thank you very much for this video.

  • @lamt99
    @lamt99 Год назад

    Thank You, I enjoy the video, now I got to watch it again, until it second nature.

  • @Jj-or5ix
    @Jj-or5ix 8 месяцев назад

    So a turtle soup is the exact opposite of that, false breakout above old high

  • @jesusventura2509
    @jesusventura2509 10 месяцев назад

    Excellent thanks

  • @mcuellarserpro
    @mcuellarserpro Год назад

    Excelente explicación del exitoso y lengendario sistema de Richard Dennis, William Eckhardt y Las Tortugas. Un sistema con una esperanza matemática positiva, una serie de reglas muy precisas, consistencia, paciencia y disciplina son los ingredientes del éxito en el trading.

  • @AdrianMillionaireProfile
    @AdrianMillionaireProfile Год назад

    Dear Sir thank you for your videos can you share more about the position sizing requirement with stock price and examples . Thank you .

  • @charlieillick2902
    @charlieillick2902 3 месяца назад

    If the S1 and S2 are the same entry level do I base size and SL off s1 or s2?

    • @ThinkMarketsglobal
      @ThinkMarketsglobal  3 месяца назад

      If S1 and S2 provide the same entry level, then the position size and stop-loss should be based on the risk parameters and volatility measurements of the system, with a bias towards the more conservative option (either the lower position size or the wider stop-loss). If both are exactly the same, the choice between them becomes irrelevant. Hope this helps! We wish you good luck with your trading!

  • @RockyTrader-h9n
    @RockyTrader-h9n 2 месяца назад

    Comprehensive indeed

    • @ThinkMarketsglobal
      @ThinkMarketsglobal  2 месяца назад

      Thank you! We are glad to hear that you found the analysis helpful.

  • @benjiebarker
    @benjiebarker 2 года назад +1

    How do you get N

    • @L943973
      @L943973 2 года назад

      it's the 20 day average true range ATR(20)

  • @mann234
    @mann234 2 месяца назад

    21:18

  • @justjuanamany
    @justjuanamany 3 месяца назад

    two key ingredients to consider from this era: free money and coke

  • @Rainy_Day12234
    @Rainy_Day12234 2 года назад

    The technicals are reacting to a price shift..why is the market repricing the asset? Who knows. More than likely the information is being taken advantage of by people in the know and it’s not public yet.

  • @rarerabbit28
    @rarerabbit28 2 года назад +1

    Every great trader will die and the new era will start @raja

  • @mohamedfouad6492
    @mohamedfouad6492 2 года назад +2

    why 22 and 55 days??

    • @andreschavez9671
      @andreschavez9671 2 года назад +2

      20 days is 4 weeks depending on the market. Inspired by Donchian 4-week rule.

  • @wooloongabba
    @wooloongabba 3 года назад +2

    Turtles started at the beginning of what was the most bullish 20 years . The IDEAL environment to trendfollow so i think the results are skewed by this with SPX 82 - 92 up over 300% and 92 to 200 up about 250% for a combined 18 yr 1300% gain , any monkey made money . Maybe not so good since .

    • @ThinkMarketsglobal
      @ThinkMarketsglobal  3 года назад +7

      Hi wooloongabba, yes, markets have changed, and viewers should definitely note that the Turtles system may not be as profitable as it was when they were originally using it (sorry I really should have made this point in the video). However, the tenets of good trading remain the same, use a system with positive expectancy, preferably mechanical and with sensible risk, portfolio and capital management, and of course...apply that system with consistency, discipline, and patience! Thanks as always for your comments, please keep them coming! Regards, Carl @TM.

    • @Rainy_Day12234
      @Rainy_Day12234 2 года назад

      Good for the past few years.

    • @baranjan4172
      @baranjan4172 6 месяцев назад +1

      they traded commodities, not the SPX

  • @bambambino23
    @bambambino23 Год назад +1

    Doesnt work. Ive coded an algorithm in a very detailed very specific manner 100% accurate and it’s a loser on hundreds of stocks all of the commodities it’s just too random to sporadic to volatile.

    • @Hshjshshjsj72727
      @Hshjshshjsj72727 3 месяца назад

      Did you back test it? And only deploy for the ideal markets

  • @df56gh4d5h
    @df56gh4d5h Год назад

    Confusing AF.

  • @wooloongabba
    @wooloongabba 3 года назад +1

    I talked to Russell Sands a few years back and his results were terrible

    • @TaflonDon
      @TaflonDon 2 года назад +1

      skeptic cause you cant do it

    • @wooloongabba
      @wooloongabba 2 года назад

      @@TaflonDon turtle traders in right place at right time , blind luck not genius , I am a proffesional trader and YTD i am killing it