from The Complete Turtle Trader

The Turtles’ core axioms

• “Do not let emotions fluctuate with the up and down of your capital.”
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• “Be consistent and even-tempered.”
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• “Judge yourself not by the outcome, but by your process.”
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• “Know what you are going to do when the market does what it is going to do.”
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• “Every now and then the impossible can and will happen.”
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• “Know each day what your plan and your contingencies are for the next day.”
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• “What can I win and what can I lose? What are probabilities of either happening?”

Richard Dennis made his first million by age 25 and $200 million by age 37. He was the lead turtle teacher with a unique view: “Trading was more teachable than I ever imagined. Even though I was the only one who thought it was teachable. It was teachable beyond my wildest imagination.” Great investors conceptualize problems differently than other investors. These investors don’t succeed by accessing better information; they succeed by using the information differently than others.

“I don’t think trading strategies are as vulnerable to not working if people know about them, as most traders believe. If what you are doing is right, it will work even if people have a general idea about it. I always say you could publish rules in a newspaper and no one would follow them. The key is consistency and discipline.” 

- Richard Dennis

http://turtletrader.com/trader-dennis/