From $36,000 to $2 million in 18 Months

Hey Tribe,

Today, i want to share with you a trading system that is proven to be extremely profitable.

A gentleman named Nicholas Darvas who was a dancer, used a system and turned $36,000 to $2million in 18 months. He subsequently wrote a book called:

When i studied into it, it is known as the Darvas Box method and i see a strong resemblance to what is known as the Turtle Trading System, where using this system, the traders made $175 million in 5 years!

Btw, this will be one of the 20 strategies that I will be sharing tomorrow during my birthday donation drive, where i am conducting a 100% Content Workshop for FREE. This is just to encourage everyone to start investing/ trading and donate to the charity we are supporting ~

Do join me tomorrow by registering here:
https://www.eventbrite.com/e/precision-profits-8020-investing-workshop-tickets-949443570277

Overview: The Turtle Trading System is a renowned trend-following strategy developed by trading legends Richard Dennis and William Eckhardt. This strategy employs breakout and stop-loss rules to capture long-term trends across various futures and commodities markets, aiming for significant profit potential.

Key Components:

• Time Frame: Daily

• Asset: Various futures and commodities (e.g., currencies, metals, indices)

Prerequisite/Criteria:

• Identify a 20-day high or low: Look for the highest high or lowest low over the past 20 trading days.

Indicators Used:

• 20-day Breakout

Entry Set Up:

• Bullish Setup (Long Trade): Enter long when the price breaks above the 20-day high.

• Bearish Setup (Short Trade): Enter short when the price breaks below the 20-day low.

Profit Target Rules/Set Up:

• Let profits run: No specific profit target; exit based on the opposite breakout or using a trailing stop.

Stop Loss Rules/Set Up:

• Long Trades: Set stop loss at the opposite 20-day low.

• Short Trades: Set stop loss at the opposite 20-day high.

Risk Management:

• Maximum Risk per Trade: 2%

• Lot Size Calculation: Adjust based on the Average True Range (ATR) and your risk tolerance.

Example Trade:

• Bullish Setup (Long Trade):

  • Entry: When price breaks above the 20-day high.

  • Profit Target: Let profits run.

  • Stop Loss: Below the 20-day low.

• Bearish Setup (Short Trade):

  • Entry: When price breaks below the 20-day low.

  • Profit Target: Let profits run.

  • Stop Loss: Above the 20-day high.

Visuals/Charts:

Tips for Success:

• Stick to the Rules: The Turtle Trading System's strength lies in its strict adherence to predefined rules. Avoid deviations.

• Diversify: Spread your trades across multiple markets to manage risk effectively.

• Patience: Let winners run to maximize gains, and cut losses quickly based on the stop loss rules.

Final Thoughts

The Turtle Trading System remains a powerful trend-following strategy that has stood the test of time. By following the outlined rules and maintaining disciplined risk management, traders can potentially capture significant market trends and achieve substantial returns.

If you have any questions or need further clarification, feel free to reach out at our Telegram https://t.me/nextlevelacad

Note: The success of any trading strategy relies on strict adherence to its rules and principles. Always consider your risk tolerance and market conditions before executing trades.

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