Richard Dennis theory that anyone can learn to trade is flawed

Pekelo · Aug 17, 2020

JSOP said:
Are you defending your alter ego again? LOL

I am not sure WTF that means, but slower:

If I ask you, can you cook, I don't mean can you put random ingredients on the stove because you pretended to be a cook students at some point, but if you can produce an enjoyable dish.

JSOP · Aug 17, 2020

Pekelo said:
I am not sure WTF that means, but slower:

If I ask you, can you cook, I don't mean can you put random ingredients on the stove because you pretended to be a cook students at some point, but if you can produce an enjoyable dish.

But that's you. The title of the thread said "Richard Dennis theory that anyone can learn to trade...". It didn't say "anyone can succeed in trading". There is a difference. Something that you are not able to comprehend. That's not my problem.

Do you have anything meaningful to contribute here or are you going to keep picking on the semantics which you can't seem to understand the difference?

SunTrader · Aug 17, 2020

gaussian said:
Which midnight advertising special did you pull this out of? lmaooo

"Turtle trading" was designed to sell books. It's just a hero tale.

Guy made +$200 mill needs to sell a book. Riiiight.

smallfil · Aug 17, 2020

What Richard Dennis taught which is trend following is still in wide use even today. Even hedge funds follow the trends. Yes, anyone can be taught to follow the trend. The trend is your friend. Remember that? If you are stupid enough to go against the trend and fail, you only have yourself to blame.

ZBZB · Aug 17, 2020

SunTrader said:
Guy made +$200 mill needs to sell a book. Riiiight.

Michael Covel wrote the book and other turtles sold the course.

Buy1Sell2 · Aug 17, 2020

HolyGrailSeeker said:
First of all he screens the group of applicant asking certain questions to find the batch with the most natural aptitude for trading. Then later, when he taught his methods of trading the ones who did not follow his rules were axed.

Therefore he was not successful in his claim that ANYONE can be taught trading and be successful.
What he did was managing to pick the most talented people in a random group and the ones that did not follow his rules and likely to fail in the future were kicked out.

He didn't say EVERYONE. He said ANYONE.

deaddog · Aug 17, 2020

HolyGrailSeeker said:
What he did was managing to pick the most talented people in a random group and the ones that did not follow his rules and likely to fail in the future were kicked out.

I gather that to be successful you have to follow the rules. What a concept.

No wonder so many don't succeed when given a trading system.

SunTrader · Aug 17, 2020

ZBZB said:
Michael Covel wrote the book and other turtles sold the course.

Michael Covel is not Richard Dennis, right? Who the OP referenced and as far as I see others were talking about. The guy who started it all.

Captain Caveman · Aug 17, 2020

all trainers say that though, "anyone can learn to trade, just pay me $3000 first and I'll tell you how, but lets not get focused up in minor details like audited accounts"

"Live trading? Sure" You can see my screen but naturally i can't show you P&L, open position list but you can listen to me say 'I just bought here right before that large green bar , and now I just exited before that following red bar formed for a quick profit!" . (Past tense in English rocks!)

Market_Diver · Aug 17, 2020

Point number 1: Curtis talked bad about Covel in his book. Covel too talked bad about Curtis in his book.

Point number 2: If you read about the Turtles you will know that William Eckhardt is smarter than Richard Dennis.