I’ve always been interested in the “Turtle Trader” experiment run by Richard Dennis in the 1980’s. If you’re not familiar, Dennis recruited 23 individuals (the "Turtles"), from diverse backgrounds with little to no trading experience. He taught them a simple, rules-based system for trading, focusing on trend following, risk management, and probabilities. The goal was to ultimately to test whether trading success came from natural talent or if it could be taught using a systematic approach. The Turtles achieved massive success, turning a $1 million investment into over $175 million within a few years. The experiment proved that disciplined, systematic trading based on probabilities could be taught to anyone.
The Quant Cartel will be my attempt at bringing the “Turtle Traders” concept into the 21st Century using our set of historical data and the power of AI to trade statistical market edges via live, group trading each morning from about 9:30am - 10:30am.
As part of this, each Friday we invite a guest into the Studio for a Strategy Exchange, where we share our approach, and in return, our guest gives our team a different perspective on a particular subject, whether that be trading related, or something else entirely.
We look forward to sharing some of these episodes with you.
