How a Group of Turtle Traders Made $175M

[@MikeSerTrader]

Hey traders. Who has watched the movie Trading Places? Please comment below and let me know your thoughts on the movie.

[@tomfresh9478]

Yes, I saw the movie..

[@adriandmd]

Looking good Billy-Ray! Feeling good Lewis!

[@MikeSerTrader]

Lol

[@sadikmakwela1255]

One thing i would correct is about the equity part. Dennis didn't mean what equity market you are trading but rather how much equity you have to trade. Everything else is on point.

[@smetljesm2276]

A lot of talk for nothing. They were successful because they were taught the exact system that works for the teacher but what makes a difference here between him and other internet gurus is that he guided them throught emotional aspect of trading personally and tough them and beat into them precise mindset to follow. They were not wasting time dealing with psychology of trading in their own.

[@karaokeentertaintment8197]

No only that, they were given $100s thousands even millions to use for trading. You know how many times due to limited funds i missed out on easy predictable trades only because I was stuck in a position? Makes me sad to think about. But these people had practically unlimited funds to trade from.

[@susankariuki449]

@@karaokeentertaintment8197 even with small funds you can become a billionaire overtime. Stop yours

[@supamrm1670]

Recap of Trading Rules: 1) Look at Price Action 2) Determine Entry Price, Stop Loss and Exits 3) Manage your risk 4) Dont risk >2% on a single trade

[@JacobCryptoBury]

2% of portfolio or trade value?

[@supamrm1670]

@@JacobCryptoBury portfolio

[@gandhi1945]

Everyone got their own style, strategy, market

[@PamphileJonathan]

Imagine growing a $2,000 account. Coming from a trader, don’t listen to those guys. Follow your own journey, bro. If I listened to that rule (invest less than 2 %), I’d never grow my account fast enough. I grew my account from $2,000 to $100,000 in less than 2 years. The thing is; everyone has their own style. Follow what works for you.

[@supamrm1670]

@@PamphileJonathan true indeed. But in my local market where im trading now, too many uncertainties causing the market to react differently every single day. I took this approach (approximately 2% per trade) and i found peace ever since. Yeah, may not be applicable to everyone

[@FreePalestine8096]

First half of the video was great. Second half, not so much. Why would a trader remain in a sideways CL market for up to 9 months? I don't think your chart analysis was well thought out. And looking at trend lines in hindsight makes them seem so obvious, but they are usually much less obvious when trying to mark them in real time. This explanation reflects theory more than practical application in my opinion.

[@mikerubin290]

Amen. Yet to have anyone go ahead and make predictions based of the theory and make a followup in a month to see how they did...

[@Sumit-in5ji]

The trader doesn't remain in sideways for 9 months. The trader is taking a short position when Crude Oil market breaks the lower line. Entering the short position in early March 2020, exiting the short position around mid April 2020.

[@infomaniac5592]

Any bpok to understand turtle trading

[@MikeSerTrader]

Yes there is. One of the turtles wrote a book called "Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders" by Curtis Faith. Very good book.

[@infomaniac5592]

tq sir....

[@guyfromthai8746]

You are doing grate job. Thanks

[@kingstonstreet3726]

What books do you recommend ?

[@MikeSerTrader]

The bible for TA is John Murphy's Technical Analysis of the Financial Markets. Start with that.

[@nafatraders]

Learnt many things from this video

[@mjt1517]

Commodities* market movies

[@thiaronbarei7807]

São Paulo, Paulista Avenue pictures at 4:00

[@mihneaciurea8209]

I loved that movie - that was my first movie I watched involving the stock market (as I remember).

[@ezmiket]

The Eddie Murphy rule. 💯

[@matomeamos7275]

Hi there Mike, I have never done any trading, I am more interested in FOREX. I have no experience. I want to start with forex, where do I start?

[@MikeSerTrader]

Stay tuned as i will be doing a forex series soon

[@matomeamos7275]

@@MikeSerTrader Thanks... that will be great.

[@zachh3582]

he did this through the 87 crash. That makes this even more successful and aggressive.

[@mikerubin290]

Where is this discussed more?

[@andreiricasio110]

Love this content sir. Please make more like this.

[@MikeSerTrader]

Thanks! I enjoy making these videos for you guys!

[@dr4t]

@ 1:35, the kid wrote 0x4 = 4 =))))

[@MikeSerTrader]

LOL I didn't notice that.. maybe it was supposed to be 0+4=4

[@langthangusa3473]

good lessio n about stock trade

[@jont2576]

Turtle traders that's a term IV not heard in ten years.

[@filiperamosfernandes]

Good content, great channel, thank you!

[@fey279]

Very good video, is there any trading group like turtle group I can join and trade with them ?

[@MikeSerTrader]

I formed a group many years ago with some success and ran it for 3 yrs. I may consider doing it again. However the biggest challenge is finding dedicated traders who will stick with the group.

[@talhakhan9843]

@@MikeSerTrader please make group,we want to join on telegram

[@adetutuoluwole-rotimi1636]

@@MikeSerTrader I would definitely be interested in joining this group.

[@kamalyusof8078]

Tq genius.. you're one of the BEST..

[@morelife7625]

💯 Very Informative

[@shamshermann]

Thank you for a lovely video. Very informative and a lot to absorb. 🙏🇮🇳

[@naseebrai5409]

All this information is just the summary of the this book , "Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders" Book by Curtis M. Faith Thank me later

[@MikeSerTrader]

Yes agreed. I replied to another person about the book.

[@uditjoshi1407]

Thank You

[@uditjoshi1407]

Wonderful

[@deshforex]

too much information in this videos and its free so make a good use of its guys to became profitable trader

[@MikeSerTrader]

Thanks! I try to give as much value in my videos and if anyone hits the home run, please let me know and I will feature a video on it.

[@dontbabilly9956]

I am reading about them in my called Market Wizards.

[@akhan3682]

Sorry to break this to you but Turtles trading method will get you decimated today - new trading methods allow for HFT and dark pools Good for its time, utter crap now

[@MikeSerTrader]

Agreed. Markets evolve and as traders we need to adapt. Just take ideas from my videos and see if it can help u in your trading.

[@TheWizardTower]

Great content. Thanks!

[@MikeSerTrader]

Thanks!

[@catherinequinn877]

Ticker: CMKI💰💎💵

[@ClicheVFX]

I don’t get it if you can make millions and live your life what are you doing on KZbin

[@MikeSerTrader]

A very simple answer. Why not.

[@nasinscuts]

Hello Mike ser

[@nasinscuts]

I love that movie tooo

[@muneebhashmi9052]

MAA SHAA ALLAH, Love from Muslims.

[@joannesmith1175]

That old guy is so annoying, he blames every problem at anything but himself, and sulks each time he looses

[@uditjoshi1407]

A

[@khalidhakimi93]

so i took a trade on the dow jones buy at $33964, trend trade and target was $34540, so the risk reward was 1/3 at first but then I remanaged the risk when the market moved in my direction so now the risk reward was 1/25. on opening the trade I wanted to open multiple positions but the price had moved up a bit so I was a bit sceptical as per risk to reward and opened only 1 trade and had 2 pending trades lower which didn't get triggered. my process which I have discovered through a lot of experience is much better than Richard Dennis's system. I can say that with 100% confidence because I've read the turtle traders.

[@championchanph423]

You're not sharing, that's bragging. Would people care? You're not helping, but merely bragging.