Turtle Trading
Turtle Trading is a trend-following trading strategy developed in the 1980s by traders Richard Dennis and William Eckhardt. The method involves buying and selling commodities and financial instruments based on specific price movements and market trends. Traders, known as "Turtles," were taught a set of rules for entering and exiting trades, focusing on risk management and position sizing.
The strategy emphasizes the importance of following a systematic approach rather than relying on intuition. Turtles used a combination of breakout signals and stop-loss orders to manage their trades, aiming to capture significant market trends while minimizing losses.