TURTLE PDF LINKS

Hello and welcome to my blog.

All references to specific securities on this blog are for illustrative purposes only and are not intended to be, and should not be interpreted as recommendations to purchase or sell any of these securities. The views expressed herein are not intended as investment advice and should not be construed as such. Due diligence is your responsibility. If you need professional investment advice then find a professional.

The transfer to the new computer is finished. Yippee.

I have been looking at the Turtle System recently and incorporated a couple of their ideas into what I do. It is essentially a break out system with emphasis on money management. I went back to the Gummy stuff to see what he had to say and scratched my head in trying to bring some money management rules into what I am doing. The Turtle system is based on commodities so there are a couple of tricks when trying to use it for stock trading. With the help of the hard work from Gummy I cobbled together something that seems adequate. Since I am dealing with a very small amount of money I think the result was something that I probably could have done intuitively. Anyways, here are a couple of links to the Turtle system if you are interested in doing some exploring.

https://www.bsp-capital.com/documents/turtlerules.pdf

http://cs.nyu.edu/~sk1759/ModelValidation.pdf

One thing that keeps ringing in my head from the Turtle way is that "it is all about the number." I translate that to risk control. I also saw an interview with the banker that died from cancer, Gordon Murray. His book is The Investment Answer. One comment of his that stuck in my head is that you have to focus on what you can control. In the market that is the price you decide to enter at and the price you decide to exit at. Focus on the entry and the exit. Those are the two elements that can be controlled. It may not sound right but a controlled loss seems to be the answer. Sounds a lot better than an uncontrolled loss. My approach to risk control is not complicated and I will outline it in a later post.

The following video is simply an update of my chart look and the indicators I am using. I also want to see what it is like to create them on a faster computer.

Will have to create the video later since the microphone is not doing what it should.

Thank you for your time.