Faith Curtis was an original member of the group that took part in the exhilaratingly famous Turtle trading experiment.
This experiment was due to an argumentative bet between 2 trading experts, who happened to be friends.
Richard Dennis and William Eckhardt. Dennis was known as Prince of the trading pit.
Dennis' argument was, simply anybody - highly gifted people not needed - can be taught his very successful system and he/she will be successful. William was all for inate ability of the trader...according to him the mandatory ingradient to become successful at trading.
World had to listen...Dennis was right...the "Turtles", did fantastically well and made millions on the experiment!
This is a very significant message for any up and coming trader.
What is VERY important is sticking to a trading system
- which has good balance of cutting losses QUICKLY and letting winning positions go SUFFICIENTLY uninterrupted.
Following are some excerpts from the book by Faith Curtis.