qas30

--== It is Not Random But Designs ==--
Having trading discipline is the beginning; keeping discipline is the progress;
staying discipline is the success

Saturday, April 05, 2025

The Top Trader : Richard Dennis

Published on Selasa, 02 April 2013 04.20 //

Richard Dennis


Richard Dennis must be saluted for his skills as a trader and teacher. His instruction to his students the turtles was a great story and trend following philosophy has stood the test of time.
Dennis himself has made hundreds of millions of dollars over the years. But while his students have had successful money management careers, Dennis seems to not mesh well with clients. If Dennis just traded for himself he would be fine (and much richer).


"I don't think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline."
Richard Dennis
"...he placed classified ads proclaiming 'trader wanted,' he got some 1,000 responses from people eager to learn his methods. He settled on fewer than two dozen novices--among them two professional gamblers and a fantasy-game designer--and after a two-week training program, he gave them money to trade under his firm's auspices. Several went on to become top commodity-fund managers..."

 "Unlike Eckhardt (and most other savants) Dennis believed that trading could be taught and learned. Eckhardt belonged to the you're born with it or you're not camp."

Tags:

+ Discussion
Subscribe to our RSS Feed! Follow us on Facebook! Follow us on Twitter!
  • Dedicated for IHCT-Banjaran
    10/01/2014 - 0 Comments
    Sebetulnya ini adalah kerjaan lama, sebelum menekuni bidang ini, agak kaku juga maklum lama gak dipake, namun akhirnya kelar juga..congrat any way for IHCT-BANJARAN, untuk kampus barunya, semoga selalu melahirkan insan-insan yang mandiri, takwa. serta bisa berguna untuk diri dan keluarga khususnya serta…
  • Putin Says Russian Central Bank Sells 12,000 OUNCES of Gold
    07/11/2013 - 1 Comments
     “The more gold a country has, the more sovereignty it will have if there’s a cataclysm with the dollar, the euro, the pound or any other reserve currency,” Evgeny Fedorov, a lawmaker for Putin’s United Russia party in the lower house of parliament, said in a telephone interview in Moscow. ( More )…
  • FOREX-Dollar hits seven-week high vs euro on ECB, U.S. data
    07/09/2013 - 1 Comments
    * ECB's Draghi says rates on hold for extended period * Dollar/yen climbs above 100 yen, BoJ stays on hold * Investors look to U.S. jobs number Friday after solid data Thursday NEW YORK, Sept 5 (Reuters) - The dollar rose to a…
  • Abe’s economic revival runs into Japan’s reality
    05/06/2013 - 0 Comments
    Is the Bank of Japan creating the biggest pyramid scheme in history? In recent weeks Haruhiko Kuroda has been the toast of the financial world, winning plaudits from Nobel laureates Paul Krugman and Joseph Stiglitz. The move by the BOJ governor to end deflation with large bond purchases has been cheered…