Richard dennis and his friend William Eckhard cooperated perfectly in futures trading and achieved rare success in American futures history, but they had great differences in their philosophy of life. Richard dennis began to do futures after graduating from high school, and was killed in practice. While William Eckhard was immersed in literature and pen and ink. The question they often argue is: "Are successful traders born or made?" Richard dennis thinks that it can be cultivated, while William Eckhard thinks that it depends more on talent, and neither of them can convince anyone, so they just take a gamble. To this end, they advertised in The Wall Street Journal at the end of 1983 and at the beginning of 1984, looking for some people willing to receive training as futures traders. The working conditions are: traders must move to Chicago, accept a meager basic salary, and get a 20% dividend if they make money from trading. Thousands of applicants came here. They selected 80 of them to interview in Chicago, and finally selected 23 people to engage in this training program. These 23 people have different backgrounds, knowledge, hobbies and personalities, and they are widely representative.

Richard dennis spent two weeks training and taught them the basic concepts of futures trading, as well as his own trading methods and principles without reservation. He teaches students to follow the trend, first analyze and decide whether the market is long or short, then do a good job in fund management when entering the market, properly control the volume of buying and selling orders, and choose the opportunity to make profits. When richard dennis visited an aquaculture farm in Asia, he found that the farm was very good at breeding turtles. When he came back, he called his disciples "turtles" on a whim. After the course, richard dennis opened an account of $654.38 million for everyone to practice in actual combat. These turtles really live up to expectations. During the four-year training course, three of the 23 trainees dropped out, and the remaining 20 trainees performed well, with an average annual return rate of around 1.000%. The 20% bonus he paid to these students reached $30-35 million, and the most successful students earned $365,438+$5,000 for richard dennis in four years. After the fame spread, many big foundations hired people with high salaries. Nowadays, most of the "turtles" are either poached or taken out to work alone, with hundreds of millions of funds in their hands, becoming a new force in the futures market. The reputation of "tortoise" is getting louder and louder. The result proves that richard dennis's viewpoint is correct: successful traders can be obtained through training and learning, which has nothing to do with intelligence, and everything depends on the methods and principles of traders.