This is NOT The Turtle Trading Methods that Stock Indexes, in fact most “indexes” in general, simply do not trend smoothly enough (in the medium term time frame that we use) in order to make this approach profitable. THE BALANCED TRADER trading technique is perfect for me as a Turtle Trader since the trading method is almost just the opposite of what I normally do. As a Turtle Trader we are trend followers by training. A 'trend' is a market, which is moving either up or down - we don't care which - for a significant period of time. The Turtle rules allow us to attempt to spot a trend (these are not always obvious to the layman) and jump on board. We then attempt to ride the wave until the trend has ended (the rules tell us when) at which point we jump off the wave hopefully with profits. That's the simple beauty of the Turtle trading method.
FUTURES TRADING IS RISKY AND INVOLVES RISK OF LOSS AS WELL AS THE POTENTIAL FOR PROFIT. Click here to Visit our Home page Russell Sands Original Turtle.com
At this point I want to
warn you about the numerous trading systems out there claiming to have the
ability to successfully trade Stock Index futures. The vast majority of systems simply do not work (on stock indexes, or
any other markets), which is why it is so difficult for me to ever consider any
system to trade leveraged instruments other than my old Turtle methods. This system, however, is so much different that I give it my overwhelming
recommendation. You must seriously
consider learning this approach if you want to diversify your existing trading
method, or if you are looking for a sound place to start when considering
trading Stock Index futures.
I had been looking for a system to trade both Stock Index futures and individual common stocks for years. My great mentor Richard Dennis told me we couldn't use the Turtle methods to profitably trade the Stock Index markets, I knew that was something that I just had to learn.And I would probably have to go somewhere else to do so. Enter programmer extraordinaire Malcolm McNutt. A former associate member of the NFA and the National Association of Securities Dealers (NASD), Malcolm holds three masters degrees and has been developing trading algorithms for years. He is a published author in Stocks and Commodities Magazine, and his work also appears in books on trading such as Trading Systems and Methods by Perry J. Kaufman.Malcolm and I actually met almost 25 years ago, playing Blackjack together in Atlantic City, and, because of our several common interests, we have stayed in touch on and off ever since.For what it’s worth, Malcolm McNutt is quite simply the most talented financial programmer that I have ever met in my life If you want in-and-out day trading, you might as well stop reading right now. THE BALANCED TRADER is a position trading system that trades the S&P, the Dow, and the NASDAQ on average about once a month. Granted, if you followed a couple of dozen stocks, and used THE BALANCED TRADER for your signals to trade all those issues, you would have plenty of trades, but this is still far from intra-day trading. You see the system is specifically designed to only capture short-term overbought and oversold conditions, which just don’t occur that often, and to be workable without staring at a computer screen all day. I then simply apply THE BALANCED TRADER rules (there are approximately five, and they are all explained in an easy to understand format in the manual).If I am currently in the market with either a long or short position, and my exit rules have not been met, then I just check off THE BALANCED TRADER rules and I am done for the day. If I am not in the market and my entryrules have not been met, once again, I simply check THE BALANCED TRADER rules and I'm done for the day. However, if I am in the market and my exit rules are triggered, or I am not in the market and my new entry rules are triggered, I simply make a quick phone call (or send a fax or e-mail) to my broker with the appropriate trading instructions for the next morning, and once again, I am done for the day. If I am only trading one Stock Index such as the E-Mini S&P, and I am not using THE BALANCED TRADER to trade individual stocks, then I've spent about ten minutes on this whole procedure, and I am more or less done for the day. If I am trading individual stocks, depending on how many issues I follow, it may take just a few minutes longer. Then my day of work is over and the evening is mine to do with as I please. How does that sound? FUTURES TRADING IS RISKY AND INVOLVES RISK OF LOSS AS WELL AS THE POTENTIAL FOR PROFIT. Click here to Visit our Home page Russell Sands Original Turtle.com
More About the Trading Method Here are a few indicators of what we do (and don't do)
Please note that there is no guarantee that any stop loss order will be executed at the stop price. Therefore, there can be no guarantee that placing a stop order will limit losses or protect profit. This Is What You Will Learn
I Will Also Explain to You
You will Receive:
FUTURES TRADING IS RISKY AND INVOLVES RISK OF LOSS AS WELL AS THE POTENTIAL FOR PROFIT.
Do not risk money that you cannot afford to lose. This method cannot be guaranteed to make profits and past performance is no guarantee of success.
Click here to Visit our Home page Russell Sands Original Turtle.com
The Original
Turtle Trading System is a long term trading method requiring
patience and discipline.
THERE IS ONE GUARANTEE WE CAN MAKE: TRADING IS HARDER THAN YOU THINK. RUSSELL SANDS AND HIS AGENTS MAKE NO WARRANTY AS TO LIKELY SUCCESS OR OTHERWISE. |