Well we have and we thank Richard Dennis and William Eckhardt for developing the Turtle Rules that provide a sound strategy for trading markets today. In Market Wizards by Jack Schwager Richard Dennis commented in part "I always say that you could publish my trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldn't do is give them the confidence to stick to those rules even when things are going bad."
In the many years that I've been trading, sticking with my strategy and shaking the "need to trade" feeling or the emotions when things are upside down has been a hard nut to crack for me and as I've seen in my conversations with other traders, I believe I'm in good company. Teaching consistency and discipline is a difficult task that usually reverts back to the individual and not much to outside influences.
So, while we're developing an online seminar that will detail the Turtle Trading Rules (the story goes that Richard Dennis used the rules to turn $400 into $400 Million), I'm finding it most difficult to facilitate the inclusion of consistency and discipline in the seminar. I believe that it's not necessarily the fact that we can put the rules into a seminar format and let everyone benefit from that knowledge, almost anyone can do that. My view is that with these seminars we develop, the true benefit is, in group or private format, is the discussions and the questions and answers that follow the presentation. We all learn from each other.
With Richard Dennis's comment being the focus here, happy trading and work on your consistency and follow your FOREX Trading Plan with diligence and discipline. Enjoy your day.
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