Covel’s Turtle Traders Are Setting the Trend for 2010
Going into the new year (2010), trend trading continues to outperform mainstream market investing vehicles. As an example when compared to stock investing trend traders have impressively out performed (3x’s) the index since the mid 80’s
Although risk averse stock investors will argue that greater risk is inherent in trend following, they can’t deny their performance.
Once such trend trading system that has answered the test of time and more importantly steep stock market declines and bear markets is the Turtle Trading System by Michael Covel. Although originally founded and popularized by Richard J. Dennis in the early 80’s, Dennis’ philosophy was that anyone with the right stock market training can be a profitable investor.
One of the significant realizations that most turtle trading software system analysts emphasize?and even those wondering, “Does the turtle system work?” is this: Turtle traders are very disciplined in their execution.
It’s not a buy low and sell high trading strategy. The turtle trading system rules are grounded on buying when a stocks price is already rising and sell when it is falling. The underlying stock isn’t as important as the current stocks price and usual volatility. Beyond that turtles only needed to know the amount of money was available in their accounts prior to executing a trade as they only risk a small percentage at any given time.
Covel’s new generation of turtle trend followers continue to stay ahead of the cutting edge through his new turtle training software, books, and mentorship support.