Of all the objections and criticisms I hear, this has to be
the silliest.
8. The Turtle Trading System just doesn’t work
any more
Of all the objections and criticisms I hear, this has to be
the silliest. Yes, of course, there are periods when
the system just doesn’t work. False breakouts
produce losses, and it can go this way for months at a time.
But this is a long term trading system, one
that has been consistently profitable (and I mean a 100% per
year level of profits) for twenty years, and will continue to
do so.
As I’ve said before, I wrote a lengthy paper on just
how and why this will must be true, which I will be happy to
send out free of charge to anybody that wants a copy.
But hey, don’t take my word for it. Thank god for machines
like computers and programs like Tradestation. There is no computer
program in the world that can predict the future, so I can’t
guarantee that the Turtle Trading System will
continue to be profitable forever. But I can show you that
it has been very consistently profitable year after year after
year since Turtle founders Dennis and Eckhardt
taught it to us back in 1983. And there are no tricks here,
no curve fitting, no optimizing. The exact same rules, applied
the exact same way, to all the different markets, year after
year. I couldn’t make this stuff up if I wanted to. You
can read the turtle code and print out the results for yourself.
This stuff works, plain and simple. If you learn the rules,
and have the patience and discipline to follow them, you should
be fine. If somebody, be it Russell Sands or
Richard Dennis, or anybody else, messes up and doesn’t
follow their own rules, well can say whatever you like about
the personal disciplinary shortcomings of that person
as a trader, but that still in no way will
invalidate either the legitimacy or the profitability of the
trading system itself.
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