Ep. 492: TurtleTrader Plus Lemmy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Turtles' Battle Plan for Profits
Eckhart instructed the Turtles that in advance of the market opening, they had to have their battle plan set for buying and selling. They were taught precise rules that would tell them when to buy or sell any market at any time based on the movement of the price. The Turtles had two systems, System 1, S1, and System 2, S2. These systems governed their entries and exits. Dennis and Eckhart demanded that the Turtles respond the same or they were out of the program.
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Transcript
