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A Successful Time-Tested Trading Methods Finally Revealed!
Many believe the Turtle trading
program started by Richard Dennis is, by any measure, one of the
greatest success stories in the entire history of trading.
Here's a brief background: Richard Dennis was a successful (he turned
a $400 family loan into $200 million!) Chicago trader and money
manager who firmly believed that successful trading methods could be
taught. His partner disagreed. Dennis then went out and recruited 14
people - some of whom had NO trading experience - and taught them
his trading methods. He called them his "Turtles" and, after a brief
training period, they went on to become masters of the markets.
By one estimate, the Turtles made Richard Dennis over $200 million in
profits, while earning $35 million for themselves. But that was then
and this is now. What have they done lately?
Still Successful
In 1989, a (soon to become famous and often quoted) article was written by Stanley Angrist in the Wall Street Journal, pointing out that the Turtles as a group for the past five years (meaning 1984-1989) had earned $35 million dollars for themselves, as their percentage of the $175 million they made for their employer (Richard Dennis). The author thought that was a lot of money back then, and really spoke to superior performance by these young traders, compared to all the rest of the financial industry. Was this just a few years of lucky trading, or would this famous 'experiment' continue to stand the test of time?
Well, let's fast forward over twenty years later. According to Autumn Gold, an independent rating service of money managers, in addition to Russell Sands and Raintree Futures Inc. there are eight other members of the original famous Turtles group of traders registered as C.T.A.'s who are still managing public money. Their cumulative assets under management are currently over two and a half billion dollars of customer money, and in calendar year 2010, their average return was approximately +15%, which translates into about four hundred million dollars in profits for themselves and their clients. That's pretty good if you ask me. And guess what? Russell Sands and his Raintree Futures Inc. management firm posted a +18.29% return for 2010, fourth best out of nine and higher than the group's average.
But hey, let's not just talk about one year and possibly be accused of 'cherry picking'. In the past five years (meaning 2006-2010), during a period when the economy has been in the dumps, most real estate values are down, and the stock market has just basically gone sideways, the Turtles have had four out of five winning years, have consistently still averaged close to 15% per year positive returns, and have earned their clients over a billion dollars in profits !! And although Russell Sands and Raintree Futures is one of the smaller members of the group in terms of assets under management, and even had a losing year in 2009 like most of the others, his long term percentage returns have been right in line
(2006 -2.25%, 2007 +53.62%, 2008 +29.52%, 2009 -33.35%, 2010 +18.29%) with all the rest of the Turtles group.
To some people, this may just sound too good to be true, but you don't have to take my word for it, facts are facts, and the numbers speak for themselves. Just click this link, and you can see the complete official public performance record(s) of all the Turtles who are still out there managing customers' money.
Please note: The performance results of Russell Sands, Raintree Futures Inc., and the other turtle traders are not necessarily indicative of "The Turtle System" being offered for sale on this website. Rather, the hypothetical trading results found by visiting the link to the System Performance page are a better indication of how the Turtle System may have performed as a whole. The Turtle Course as taught and sold here is NOT a completely mechanical system, and does allow for a certain amount of discretionary judgment by users. Clients who purchased and traded the Turtle system have had widely varying results, including both better and worse than the returns posted by Russell Sands and Raintree Futures. Please also note that all trading is risky, and past performance is not indicative of future results...
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