Russell Sands Responds to Critics of His Original Turtle Trading System

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I hate to talk badly about other people, even when they talk badly about me. I have always held myself above that, and will continue to do so. There are a couple of other guys out there that are marketing so called turtle trading courses, and saying bad things about me to boost themselves up. I really have better things to do than get into a pissing contest with these clowns.

  1. If you’re such a good trader, why do you teach seminars
  2. Russell was fired from the Turtle program for not following the rules, and never made any money trading
  3. Russell Sands was fined by the NFA
  4. Russell quit trading for awhile, saying the system didn’t work any longer because things had changed
  5. Richard Dennis blew up two trading funds
  6. Other people are willing to sell Turtle Trading Systems for less money (or for more money)
  7. The Turtle system has very bad draw downs
  8. The Turtle Trading System just doesn’t work any more

 

Russell Sands
Florida
5 August 2003

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS.  UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.  ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. DO NOT RISK ANY MONEY YOU CAN NOT AFFORD TO LOSE.  ** THE MATERIAL DISPLAYED ON THIS WEBSITE IS INTENDED FOR EDUCATIONAL PURPOSES ONLY.
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 in the short term and past performance is no guarantee of success. 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.

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