Trade Like a Turtle.....

Richard Dennis was a Wall Street legend who made millions by investing according to a few simple trading rules. Richard believed that successful trading was a skill that could be taught to anyone. He made a bet with his partner Bill Eckhardt and placed a newspaper ad to recruit novice investors and taught them to trade using his rules. These novice investors became known as the Turtles and following Richard’s trend following trading rules and philosophy, they became very wealthy. Over 40 years later a number of these Turtles including Jerry Parker of Chesapeake Capital continue to be extremely successful by executing a Systematic, Rules Based, Trading Strategy advocated
by Richard Dennis all those years ago. We have structured our Trading Journal so you too can Trade Like a Turtle!

How it Works......

  1. Develop your personalized Trading Strategy built around a set of very defined Trading Rules.
  2. Backtest your Trading rules to ensure they are profitable.
  3. Develop a structured Trading Plan so you can consistently execute your Trading Strategy and don't miss any big trends.
  4. Use the Trading Journal to plan and document all your trades.
  5. Review your Trading Performance to maximize profit and minimize drawdowns.
  6. Monitor your Trading Benchmarks so you can optimize your Trading Strategy.
Download the Trading Journal

Let’s Start with the Rules…..

Richard Dennis instilled in the Turtles the belief that a trade was successful if you followed your rules.  It didn’t matter if you lost money on any one specific trade because if you executed your trading rules consistently over time you would be successful. Many traders believe the key to success is having some holy grail entry signal.  The entry is really not any more important than any of the other trading rules. A complete trading strategy must include the following rules:

  1. What Markets to Trade
  2. Identify Potential Trade Set-Ups
  3. How to Enter the Trade
  4. How to Exit the Trade if you are wrong
  5. How to Protect your Capital
  6. How to Exit a Profitable Trade

Our Trading Journal includes a 16 page workbook that will guide you through the development of each of these 6 Trading Rules that will become the foundation of a complete Trading Strategy.

Make Sure the Rules Work…..

The reason that Dennis was not worried about the Turtles losing on any one specific trade was because he was confident that his trading rules were profitable over the long term. The real secret to success is you must have the confidence to take each and every trade that your trading system generates as the next trade could be responsible for the majority of your profit for the year. You can’t afford to miss that trade. The benefit of having a set of complete trading rules is that you can apply your rules to historical charts to see how they would have performed in the past. Once you have an extensive backtest record it is much easier to trust your trading signals and systematically execute your trading strategy.

Included in the Trading Journal is a dedicated worksheet where you will backtest your Trading Rules to confirm that they are profitable. Working through the backtest you will develop confidence in your Trading Rules so you will be able to confidently execute them under stressful market conditions.

Systematically Execute the Rules…..

As Richard Dennis reinforced with the Turtles, you can’t afford to miss the next trade as it could be your most profitable. When you complete a backtest and prove to yourself that you have a profitable trading strategy it makes it emotional easier to follow your trading rules. Every day you must review the markets you have decided to trade to see if your entry signal rule has been met. You must have an iron clad process in place to review your existing holdings daily to ensure that stop losses or profit stops have been placed and are valid so you are automatically stopped out if the market turns against you. Systematically executing your trading strategy is the secret sauce for successful trading!

The Trading Journal includes a Trading Plan worksheet that provides you with a daily and monthly checklist to help you systematically execute your Trading Strategy.

A Trading Journal is Key…..

The key to the Turtles success was their ability to religiously follow their trading strategy. This may sound easy but during turbulent market conditions or after a large drawdown it is extremely difficult to do. The Turtles had Richard Dennis’s oversight to help them with this. As a trader you will need to take on this responsibility yourself and become the CEO of your Trading Strategy. A Trading Journal is a great tool to help with this.

Your Trading Journal will help with the systematic execution of your trading rules and documentation of all your trades. The Trading Journal incorporates the specifics of your trading rules and clearly defines the entry price, number of shares to trade, stop loss price, trade gain/loss and the trade R-multiple. The Trading Journal documents every trade including buy and sell costs and continually calculates your Trading Statistics so you can monitor your Trading Performance.

Know Your Numbers…..

The key to business success of any good CEO’s is that they know their financial numbers. They set up Key Performance Indicators (KPI’s) that inform them if they are on track to meet their profit targets each quarter.  As CEO of your Trading Strategy, you need to know your numbers and monitor your KPI’s to be profitable.

Our Trading Journal will automatically generate monthly performance tables and charts summarizing your trading performance. You will always be on top of your key trading KPI’s including monthly profit/loss, maximum account drawdown as well as your compound Annual Growth Rate (CAGR).

Review, Refine and Improve…..

The key to being a successful trader is the confidence to trust your trading rules without second guessing them. Your backtest proved that your trading rules were profitable but past performance is no guarantee of future results. You need to Benchmark your actual trading results with your backtest results to confirm your trading strategy is still working.

The Voodoo Trading Journal will continually generate a benchmark comparison of your backtest results versus actual trading results. This allows you instantaneously compare your backtest results versus actual trading results to determine if your trading rules require any fine tuning.

What Other Traders are Saying......

  • Outstanding tool to improve your trading habits

    The typical trader is tempted by emotions to abandon their trading routine/rules. This journal helps you to identify your routine, and codify it as a part of your trading habits. I would highly recommend the journal for new and experienced traders alike. - Dan R.

  • Best Trade Journal I've seen so far

    I enjoyed this journal a lot it's helped me look into trading in a whole new light I will be recommending this to all my trading buddies. - Vidal S.

  • Amazing must have for any trader.

    This is such an incredible resource for anyone who wants to be a successful trader. A must buy. - Craig S.

GET STARTED TODAY ....

Boost your trading performance with the Voodoo Trading Journal. Develop and backtest your trading strategy, track trades, analyze performance, and refine your strategy for better results. Perfect for swing traders, trend traders and long-term investors. Works great for new traders who want to develop good habits right from the start and veteran traders who are looking to improve their trading performance. Get instant access today and take control of your trading success!

DOWNLOAD THE TRADING JOURNAL!

and Trade Smarter....Trade Better!