Turtles - Higher Intellect

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Home What's New Multimedia Free Newsletter Contact Site Map About Us ORDER NOW Site Shortcuts: New Client Feedback on Psychology No. 1 Source for Trend Following Worldwide Est. 1996 | Clients in 67 Countries Going through the TurtleTrader manual [as a new client] I was really struck by the insight. It's something I've always known, but I understood it on an even deeper level this time. The Turtle trading methodology, pardon my French, is boring as sh** and it works. It always amazes me how few people make any money at this game even though successful methods are available. The reason is that MOST PEOPLE AREN'T TRADING TO MAKE MONEY. They think they are, but the fact is they're trying to fulfill some other needs: for excitement, gambling, feeding their egos, being right, being clever, outsmarting somebody, sharing their score at the next cocktail party. Meanwhile, Turtle traders (and others) are sitting around, ignoring all the chit chat, all the arguments pro and con, discussions of the Fed, etc., just plugging in their numbers, managing their money, with discipline, and watching the cash pile up over time. There is what you must do to make money trading. There is a plan, a methodology that works and if you DO it, if you WORK the plan, you make money. That's just how it is, but most people are more interested in trading some method that feeds their other needs: they want to pick tops and bottoms, they want riches overnight, etc. It's like Dennis said, you can publish the rules in the paper and people still won't make money. Someone said you can publish tomorrow's closing prices in today's paper and people STILL won't make money because they'll put their own garbage in the way. It's really a wake-up call when you realize that successful trading has nothing to do with forecasting the market. Something I fortunately learned early on is that it Quick Site Tour New Visitors Tour TurtleTrader.com Endorsements All-Time Success Stories Guru Hype & Spin Free MP3 Audio TurtleTrader Topics Trend Following ● The <strong>Turtles</strong> ● FAQs ● Markets Changed? ● Why It Works & Skeptics ● Money Management ● How Many <strong>Turtles</strong>? ● Zero-Sum Trading ● Holy Grails ● True/False Questions ● Losers Average Losers ● No Memory Trading ● Stocks v. Commodities ● Babe Ruth & Accuracy ● What is & What is Not Market Wizards ● Hall of Fame ● Richard Dennis ● John W. Henry ● Ed Seykota ● Bill Dunn ● Richard Donchian ● Ludwig von Mises ● Soros & Zero-Sum ● Jack Schwager
is a numbers game: knowing the risk, knowing the odds, and placing your bets accordingly. And it's NOT glamorous. It's NOT exciting. It's NOT cruising in your Ferrari down Wall Street and flashing your Rolex. It's just playing the numbers with discipline and doing the hard thing - the uncomfortable stuff that no one else wants to do. That's what makes money and it's why most people don't. They're not interested in making money. They're not interested in being successful traders. That's not their real motivation. If they really wanted to be successful traders, they would be because the information is there, the opportunities are there. But it doesn't work the way most people would like to THINK it works and so you can show them what works, you can give them the methodology, and they don't care. They don't want it. It doesn't fulfill their needs. Trading is for one thing -- taking money [profits] out of the market. Any other needs you have, you better get them fulfilled elsewhere. But people bring their needs to the market and want the market to fulfill them. That's why they get killed over and over again. Mark M. Rostenko, info@sovereignstrategist.com Please be aware that some sites that you may link to through this site are not supported by TurtleTrader. Because the material made available on these sites is not under the control of TurtleTrader, we make no representation to you about these sites nor the material you may find there. The fact that TurtleTrader has provided a link or name does not constitute an endorsement or recommendation of any kind. Market Proof ● Performance ● Correlation 1 | 2 | 3 | 4 ● Enron Debacle ● Barings Bank ● Metallgesellschaft Clients ● Clients in 67 Countries ● Individual Clients ● Institutional Clients ● Education Needed ● Starting Capital ● The Right Client ● Pricing Rationale ● Why Teach? ● Upgrades/Discounts ● Customer Service ● Guarantee | Order Trading Systems ● Trading Systems 1 ● Trading Systems 2 ● Trading Systems 3 ● Indicator BS 1 ● Indicator BS 2 ● Trading Software ● No Curve-Fitting ● Risk v. Volatility ● Blackjack Psychology ● Life Values & Risk ● Critical Thinking ● Money is Evil? ● Gen. Patton Speech ● Are You Rational? ● The Bet ● Myers-Briggs Testing ● Quotations
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Home What's New Multimedia Free New
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● Think Like Running a Business.
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29. Ireland 30. Israel 31. Italy Sa
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Who Can Use Turtle System All inves
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● 2002 Nasdaq v. Trend Following
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5 Golden Mountain Trading 30.86% 6
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Holy Grails years, a group of 14 tr
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Price: One of the first concepts ta
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TurtleTrader's course teaches you t
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Market Proof ● Performance ● Co
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I never doubted that he gave me his
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Article Tools: ● Print this artic
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can inoculate every resident with o
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esults suggest that people’s desi
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Holy Grails ● Warren Buffett ●
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There is a constant barrage of info
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● 01.10.03 - John W. Henry Princi
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● 10.21.02 - Hype ● 10.15.02 -
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● 01.03.2003 - CSFB New Rules Hel
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● 10.31.2002 - Skeptics Update.
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● 08.25.2002 - Ed Seykota Student
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● 06.20.2002 - Janitor's Dream fr
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● 04.15.2002 - Babe Ruth and Home
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● 02.09.2002 - No CNBC Update.
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Q. From a psychological standpoint,
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John: This was a logical evolution
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eginners and pros alike? Is it the
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Mulvaney Endorsement Endorsement of
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following system[s]. Congratulation
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German firm gave true insight. [Our
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comfort that people not just here,
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forth a GREAT product. Michael If y
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mistakes. I need some kind of syste
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Market Proof Street experiments eve
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Competitive Upgrades from Hype Prod
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trading as a trend follower. ● Th
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● Ken Roberts questions: click he
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probabilty price cluster zones, lik
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positions close out within days or
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A: Trading is risky. You can lose a
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performance. Hardware and Software
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was what propelled me to write the
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Turtle system gives you a perspecti
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have the guts to play the game. The
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just another example of good busine
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The wisest man TurtleTrader knows h
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● If you are on a losing streak d
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to $2500 on a particular stock or c
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6. People would branch out from wha
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proper bet size and risk management
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29. Vacations are important for tra
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Market Proof an active money manage
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of money they have. Suppose A has 1
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With all the market's recent ups an
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No ● Turtle trading allows anyone
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John W. Henry President, John Henry
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A. After graduating high school, I
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Doubt us? Use Dunn Capital as a pro
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● Barings #1 ● Barings #2 ● 1
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Ed Seykota Trading as a trend follo
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Disclaimer Article Tools: ● Print
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can't be ordered to give you a stea
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But, if the students of Richard Den
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4. He who disdains the fall in infa
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presented to man by nature. The pro
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34. Human civilization is not somet
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untenability of their own doctrines
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58. Government and state can never
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don't offer more than an introducti
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that could not be encapsulated in a
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Eventually, your winning streak end
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complex for practical application t
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industry magazine or go to a trade
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Well, offered the balloonist, every
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instead. This person is worse off t
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Market Proof Note: if fees were not
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etirement coincides with a bear mar
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July Contract ● Deutschmark move
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© 1996-2003 TurtleTrader.com | Ri
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Backtest This section is a detailed
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some aspects of how they traded. Th
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2. Trade it the right way as intend
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over companies and money managers a
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neutral. On Jan. 28, Global Crossin
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positive spin on it they can, says
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characteristic. Confidence. In othe
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To take a risk is indeed to plunge
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An Excerpt from Fred Schwed's Class
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adhere. egocentric oversimplificati
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notice a curious situation at Dunn.
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adapt your style. Peter Borish: Tom
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Tom Baldwin: That is the key thing,
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market. Sometimes a discretionary t
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900 and 5 ticks against me, turns o
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ig position or not a big position,
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everything else. One thing I can sa
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industry is much more business like
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have done it without all the other
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Quarters are not real: They are art
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you do not consider volatility dail
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Why the Trend is Not Your Friend By
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accept any of what Niederhoffer say
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TurtleTrader comment: If this the t
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TSS: Tell us Victor, what are some
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that foreigners are just beginning
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the opposite side of your trades an
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probably know that I don't make sto
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Post Co. There is nothing simple ab
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The perfect sell started with the p
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The stock continued to blaze throug
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ich valuation. TurtleTrader comment
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need a constant supply of losers in
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Market Proof way or another (and no
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skewed view of reality results in m
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Cramer's Troubles Could Get Worse H
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Deutsch | Español | Français | It
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could look at stocks that have move
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Here's the problem with the Beautif
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looked at Enron, it comes down to t
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40. .fj (Fiji) 41. .fi (Finland) 42
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96. .pg (Papua New Guinea) 97. .pe
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murdoch.edu.au ● Monash Universit
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● Dresdner Kleiwort Benson dresdn
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Campbell 1.8 1.6 11.7 10.8 (4.3) Ch
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now it becomes very difficult for C
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time in the same markets. What does
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other trend followers please send e
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metaphor for many of the sins of mo
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Lawsuits may uncover wrongdoing, bu
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successfully. Correlation 101 Why m
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timing is not significant, trend fo
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(13.8) 19.4 35.8 Diversified $132 $
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understanding of who won and how? I
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Examine the crude oil chart and the
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Turtles were there as usual collect
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Who trades as a trend follower? Who
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● Breakout Study What banks and h
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Dale Dellutri Executive at Dennis'
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maximize their profit potential, po
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another firm or site that will tell
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plus additional trend following les
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If you are not satisfied at the end
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● Seeking to trade as a trend fol
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Myers-Briggs® Personality Testing
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optimized, but they do incorporate
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a priori - why something works in a
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losing. ● Remember that break-eve
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9. Equalize risk: Allocate the fixe
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apparent, and then in one telephone
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Turtle trading is not based on supp
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trend progresses is what we mean by
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market. Unfortunately, support and
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Avid readers of the TurtleTrader si
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● BASIC programming language (use
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not the downside. Turtles cut their
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Procedures for Applying Criteria: O
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Deadening Questions Create Dead Min
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Kurland, Daniel J. I Know What It S
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Schumm, J. S. and Post, S. A. Execu
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Market Proof you by force. Money is
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money corrupted him. Did it? Or did
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doomed. Money is so noble a medium
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voices between them. There were peo
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If asked how much money they would
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Page 547 and 548: Home What's New Multimedia Free New
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The true believer - is often an old
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hook to draw in commission dollars?
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Why do large, respected brokerages
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● Moon Phases ● Neural Networks
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trading, I opened an online account
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shares ● Scalping on market noise
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● Richmonds (UK traders) question
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can Motley Fool make a difference i
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price fluctuations is the most effe
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priceless. Most of my big losses oc
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A fantastic read on human psycholog
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paid on the income, interest earned
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independence. Committee of trust pr
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without bounds. Foreign. May be uti
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International financial and banking
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Mutual Legal Assistance Treaty (MLA
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SIPC. The Securities Industry Prote
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protector's. Trustee. A person tota
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Informational Content in Historical
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Unsubscribe Instructions 1. Compose
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Beim Trend Following werden weder M
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Trading in einige Regeln gefasst un
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nur darum kümmern, wie sich der Ma
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maximale Gewinne erzielen. Bei der
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"Conozco algunos millonarios que co
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argumentaban que sus técnicas eran
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servirle para invertir? ● ¿Cuál
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● Endosos Mediante el sistema de
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Le suivi de tendances ne prédit pa
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Richard Dennis a gagné le pari qu
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fondamental est la gestion financi
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disponibles qu’en anglais. Articl
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finanziari grazie alle ricchezze er
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soprattutto, alla disciplina con cu
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Uno dei primi concetti che vengono
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Le istruzioni Turtle Trader consent
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geld. In alle gevallen verloren ze
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zijn eigen antwoord veel eenvoudige
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eslissing denkt. ● Wat zijn een a
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verhandelen als aandelen in de Aust
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O acompanhamento de tendências nã
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instintos inatos, que não poderiam
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um mercado extremamente alto, nem v
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Solicite o curso da TurtleTrader: C
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ìèðîâîãî ñîîáùåñòâ
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Turtles "Ìîæíî ëè íàó÷è
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Ðè÷àðä Äåííèñ îäåð
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áóäåò ïðîèñõîäèòü,
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ñîñòàâëÿþò èíäåêñ F
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ÁöÇ¥¸¦ ±¸¼ºÇÏ´ÂÁö,
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© 1996-2002 TurtleTrader All Right
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past performance. However, the long
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accuracy, or otherwise reviewed by
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Turtles - Higher Intellect

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