In 1983, legendary commodity traders Richard Dennis and William Eckhardt held the turtle experiment to prove that anyone could be taught to trade. Using his own money and trading novices, how did the experiment fare?
At that time, Dennis was already widely recognized in the trading world as an overwhelming success. He had turned an initial stake of less than $5,000 into more than $100 million. He and his partner, Eckhardt, had frequent discussions about their success. Dennis believed anyone could be taught to trade the futures market, while Eckhardt countered that Dennis had a special gift that allowed him to profit from trading.
Fig 1: Extract from the Wall Street Journal 1989 Publication about the Turtle trading experiment
The experiment was set up by Dennis to finally settle this debate. Dennis would go on to find a group of 14 persons to teach his rules to, and then have them trade with real money. Dennis believed so strongly in his ideas that he would actually give the traders his own money to trade.
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The training would last for two weeks and could be repeated over and over. He called his students “turtles” after recalling turtle farms he had visited in Singapore and deciding that he could grow traders as quickly and efficiently as farm-grown turtles.
According to former turtle Russell Sands, as a group, the two classes of turtles Dennis personally trained earned more than $175 million in only five years. Dennis had proved beyond a doubt that beginners can learn to trade successfully.
I am Nnadi Victor, a professional full-time trader. This year I pulled in over 144% in trading returns just within the first half of the year.
Fig 2: Performance of Victor Nnadi trading Portfolio
The next phase that I am working on in my trading career is increasing my account size. Last week I passed a preliminary trading challenge that would qualify me for an opportunity to join a proprietary trading firm next month to trade larger sums of money (up to $300K). I am going to be worth more than a million dollars by or before 2024 through trading alone.
This is not a wish, this is not a dream and it is not a goal. It’s a forecast based on my present performance and the resources currently available to me.
I am launching my own Turtle program. I want to build a research and trading intelligence team of 20 persons that I will make dollar millionaires by or before 2027 just through trading, no matter their current level of trading experience.
I will train 20 of you to think like professional traders, from the basics of trading, through trading culture, through trading systems and strategy development, through signal generation, handling and execution, through trading psychology, through fund management and allocation.
When you have acquired knowledge to a satisfactory level. We will proceed to operate like a demo hedge fund or proprietary firm, we will try to grow a particular sum of money together. Finally, I will show you how to use your new polished trading skills to qualify yourself to get funds for your trading (up to $300k) to make the venture worth your while and accelerate you to the millionaire goal.
We will use mostly virtual communication tools to facilitate this program, videoconferencing, asynchronous and synchronous messaging and broadcast systems, and physical meet-ups when and where possible.
The program schedule will be self-paced, such that you can keep up even if you are currently engaged in a job or business, or study. Only asynchronous communications will happen on weekdays, all synchronous communications will be reserved for Saturdays.
Who is this program for? Trading is a very high income venture. The program is for persons who would like to develop a full-time successful career in trading. It is also for people that are looking to build great wealth for themselves just for the sake of wealth or to fund other passions and desires.
For persons who can at some point in their life devote their full work time to trading even if they are currently engaged in a job or business. I understand we have different passions.
I understand there are persons that are greatly interested in some other venture or job. If you are such a person and you intend to take up trading just as a side hustle, this program is not for you.
Trading is a fulltime job and I don’t believe you can be successful doing that and I have no interest in testing that arrangement with you. It would do you greater good to focus your entire energy only on what you are passionate about.
Why just 20 persons for 7 years? I have been very low key about my trading journey partly because I have honestly been trying hard to avoid the burden of people asking me to teach them to trade. A lot of people ask me, and I know it’s annoying when I send them vaguely to go read Babypips.com.
But I can’t blame myself, I HARDLY HAVE THE TIME. I spend a lot of time learning, researching and testing systems and I do not and will not have time for full-fledged educational programs.
I want to maintain that anonymity and flexibility with my time while still being able to transfer my trading knowledge and experience, and most importantly to help those that sincerely want to learn.
That’s why I want just 20 persons. It’s not going to be a continuous program. The 20 that will join will be the only benefactors of this little experiment of mine. This means that no one else will be admitted till the end of the program in or before 2027 unless one of the 20 for some reason decides to discontinue the program and vacancy opens up.
Also, I have done rapid-fire style classes in the past and what I didn’t like was the feeling of confusion in my students as to where to go next after the class. It’s understandable for people to want a hand to guide them through a path they haven’t walked before.
This time I want to be able to concentrate on these 20 for a long time in an intimate coach-athlete style relationship till the million dollar goal is achieved. I feel that’s the best way trading can be taught.
How much will this cost you? N5000 per month. 5000 Naira per month to become worth a million dollars by or before 2027 — beautiful deal.
Lastly, why am I doing this? One is a selfish reason — the record. I want to be able to say I made 20 Nigerians dollar millionaires in our current economy. Two is to help those that have asked and never got an enthusiastic answer for me. I finally found a way to make it work.
So in case you have ever asked, this is the only way I can truly help you in your trading career while keeping my sanity and anonymity. I am excited about this new journey and the outcome of it.
This trading journey feels lonely sometimes and it’ll be nice to have you in my zone. We’ll form an alliance, a mastermind and together we will conquer the markets. Let’s go turtles!!!
The first meeting will hold 9AM, January 2, 2021. Deadline for registration and payment: Midnight, December 31, 2020.
By; Nnadi Victor
Founder: Wealthy Army |Professional Trader| Independent Economics Researcher
+234 903 209 9139, email@example.com