Prologue: You can train traders like you train turtles.

Part 1: Mastering Trend Following with the Turtle Technique

Chapter 1: Is it better to buy or sell?
What is an edge in trading?
Trading is a business of probability.
TE and Expected Value Derived from the Winning Equation
Relationship between RR ratio and win rate
There is no such thing as a 100% win rate.
Let's aim for V-trader

Chapter 2: Money Management to Avoid Volatility
The main premise is not to go bankrupt.
■ Column: Bankruptcy Probability
Money management to avoid bankruptcy
Turtle Group's Fund Management Method
Appropriate trading volume per transaction, unit
■ Column: Unit Calculation Example
Risk diversification and stock diversification

Chapter 3: Risk Management to Minimize Losses
Risk is essential in trading.
How to determine your stop-loss line

Chapter 4: How to Find a Trading Edge
Let's find favorable buying and selling conditions.
Key indicators to help you find your trading edge
Let's pay attention to the moving average cycle.
■ Column: Cognitive Bias

Chapter 5 Entry Rules
Turtle Group Entry Rules
Entry rules using grand cycle analysis
■ Column: How Turtle Made the Rules

Chapter 6 Liquidation Rules
Liquidation rules to determine profits
Liquidation rules to cut losses
Trailing stop
■ Column: Turtle Group's Liquidation Rules

Chapter 7: Pyramiding Rules for Maximizing Profits
1/2N addition rule for turtle groups
1N additional rule for turtle group
Water riding and pyramiding
Long-short strategy

Chapter 8: Market Selection and Stock Analysis Rules
Trading targets excluding Turtle Group
Pros and Cons of Fundamental Analysis and Its Uses
Pros and Cons of Technical Analysis and Its Uses

Chapter 9: Towards the V Trader: Preparation
3 Steps to Becoming a V-Trader
Three Essential Conditions for V Traders
Find your own trading model

Chapter 10: Towards the V-Trader: Practical
Record your trading details
Create your own trading rules
Let's regularly review and upgrade the rules.

Part 2: The Great Circulation

Chapter 11 Moving Average Grand Cycle Analysis
You need your own entry rules
Basics of Moving Averages
What is moving average grand cycle analysis?
Understand the current situation in terms of arrangement status
Reading the strength of a trend by its slope
Check the continuation of the trend at intervals
Basic strategies by phase
Reading the situation with the belt
Identify trading opportunities using moving average grand cycle analysis.
Things to watch out for in moving average grand cycle analysis
Four Key Points from Moving Average Grand Cycle Analysis
How does a change in the situation occur?
How to bring forward the entry timing

Chapter 12: MACD Mastery
MACD, an indicator that analyzes the convergence and divergence of moving averages
The three components that make up the MACD
How to Use MACD Properly
An evolution of moving average macrocyclical analysis, macrocyclical MACD
Towards V Trader

Epilogue: What Are We Investing For?

If you look at the market trend, you can see the buying and selling points!
Added trading from the legendary group of traders, the Turtle Group
Trading strategies from Japan's top chart analyst, Kojiro Instructor!

Trend investing is an investment strategy that follows market trends and captures and trades when prices rise or fall.
And the core strategy of the legendary Turtle Group Trading, a group of traders, is also to trade following market trends.

The author of this book, Instructor Kojiro, is Japan's leading chart researcher and trading technique researcher.
The author uses his uniquely developed "Moving Average Major Cycle Analysis" and "Major Cycle MACD" to help investors achieve stable, targeted returns while investing in trends.
In this book, the author demonstrates the best trend investing through advanced buying and selling techniques, in addition to the trading rules of the legendary Turtle Group, a group of traders.

Investors will learn about Turtle Group's trading methods developed by the author through this book.
You can take advantage of the strengths of both investment methods to create your own trading rules and apply them in practice.
The Turtle Group's fund management and risk management are applied, and for entry, the author's moving average grand cycle analysis and grand cycle MACD technique are used.

These two techniques are highly praised and practiced by tens of thousands of traders in Japan, enabling investors to generate consistent profits without being swayed by market conditions such as bull and bear markets.
Even in Korea, author Kang Hwan-guk highly praised the book, saying, “It is a book that helps investors respond more flexibly to market fluctuations and trends.”


A New Standard in Technical Analysis for Investors
Anyone can become a genius trader if they learn.

This book covers everything investors need to succeed in real-world investing.
These include money management, risk management, and entry and liquidation rules.
This highlights that anyone can become a successful trader.
This is in line with the goal of the legendary 'Turtle Experiment' that shook Wall Street.
Investors who participated in this experiment, which began with the question, "Are genius investors born or nurtured?", achieved an astonishing average annual return of 80%.
In a word, it was a huge success.
In other words, it proves that genius traders can be created through education and training.
Those who participated in the experiment were called 'turtles', with the idea that traders could be raised like turtles.

The author, a chart researcher and trading coach, also believes that anyone can succeed as a trader if they learn properly.
He tracked all the turtles, uncovered their success factors, utilized them in actual investments, and widely shared them in his lectures on training traders.
By applying the Turtle technique to real-world situations, we confirmed that the key success factors for Turtle were capital management and risk management. Furthermore, by adding advanced buying and selling techniques, we increased the probability of success.
The author has put everything he has honed through research and practice into this one book.

The overall trading flow you will learn in this book is briefly as follows.
Step 1.
Let's set a 'betting amount' that will not lead to bankruptcy.
Step 2.
Find the situation where the edge (critical point) is revealed.
Step 3.
Enter only when an edge appears.
Step 4.
Think of a reasonable exit.
Step 5.
When the chance comes, increase the quantity (pyramiding).
The most important of these is Step 1.
Because no matter how good the entry rules are, a single reckless bet can lead to bankruptcy.
This book introduces how to create optimal rules so that you can achieve your target profits stably and without going bankrupt.

Key Secrets Investors Need
Master of Money Management and Risk Management

This book emphasizes the importance of money management and risk management.
No matter how good your technique is, if you can't manage your money and risks, you'll suffer huge losses.
To avoid bankruptcy and generate consistent profits, investors must adhere to appropriate capital allocation and stop-loss settings for each trade.
These management methods allow investors to minimize losses and maximize profits.

The most basic thing in Turtle's money management was 'not going bankrupt'.
Based on this premise, the appropriate transaction size per session was calculated, and stop-loss setting rules were set after entry and consistently followed.
By doing so, profits were increased while losses were kept to a manageable level.
This is why Turtle members have achieved incredible returns (the ratio of profit to total funds) despite not having a high win rate (the number of times they have made a profit).

If you want to increase your assets through trading, the first thing you need to do is to make sure you have the right amount of funds.
Then you have to calculate how much money you need to spend per synagogue to avoid bankruptcy.
Turtle managed this in units called units, and set a stop-loss level so that the loss did not exceed 2% in each trade.
For example, if your trading capital is $1 million, the maximum risk you take on in that trade is $20,000.
When market volatility is high and price fluctuations are large, stop-loss orders are frequently executed, but this level of loss can be easily recovered with a single profitable trade.

If you're an investor holding a losing stock, you absolutely must learn the Turtles' money management and risk management techniques.
Even if you are lucky enough to make a lot of money, if these two things are lacking, your assets will never grow.
This book will help you master Turtle's money management and risk management techniques, which are still considered the most advanced to date, from the very basics.

The virtue of trend investing lies in its simplicity.
Use moving averages and MACD to find buying and selling points.

The virtue of trend investing lies in its simplicity.
Invest by observing the direction of the market without using complex financial models or macroeconomic indicators.
It reduces the stress of temporary volatility by seeing the big trends with just a few indicators.
The author also emphasizes that making profits from investments does not require complex techniques, and explains 'moving average grand cycle analysis' and 'grand cycle MACD'.

Moving Average Grand Cycle Analysis: A Weapon for Market Trend Analysis

Moving average grand cycle analysis is a method of analyzing market trends using three moving averages.
This method is useful for determining buy and sell points by capturing the upward, downward, and sideways trends of stocks through 20-day, 50-day, and 100-day moving averages.
By classifying market movements into six phases and checking the arrangement, slope, and spacing of moving average lines in each phase, you can identify favorable points for buying and selling.
This is called 'moving average grand cycle analysis', and in fact, this alone has trained numerous traders.
This analysis method is especially helpful for novice investors to understand the major trends of the market and engage in trading.

MACD for a more precise trend view

A step further from the moving average macrocyclical analysis is the macrocyclical MACD.
Enables more detailed market analysis.
This technique uses three MACD indicators to accurately capture even small trend fluctuations.
This allows investors to identify entry and exit points faster than with moving average grand cycle analysis, enabling them to respond quickly to the market and make advantageous trades.


The author emphasizes that the core utility of this book is that every trader can use it to establish their own rules.
For this purpose, Chapter 10 of Part 1 presents nine worksheets.
① Conditions for trading items and candlesticks, ② Trading funds and annual target profit, ③ Transaction volume per transaction, ④ Maximum transaction volume, ⑤ Entry rules, ⑥ Stop-loss rules, ⑦ Trailing stop rules, ⑧ Profit confirmation rules, ⑨ Position addition rules, etc.
By following these nine rules, you can become a "V-trader," earning stable profits without worrying or feeling anxious about price fluctuations.
Because trend investing methods are applicable to a wide range of markets, this book can serve as a bible for all traders, regardless of whether they trade stocks, futures, or FX.