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Portrait of Richard Dennis

1949-present

Richard Dennis

The Prince of the Pit

Systematic trend following. Dennis proved that trading could be taught through his famous Turtle Trading experiment, where he trained novice traders to follow a mechanical system.

Trading Strategy

Breakout trading using Donchian channels. Enter on new 20-day highs/lows, exit on 10-day reversals. Strict position sizing based on volatility (ATR).

Key Principles

  • Follow the system without deviation
  • Position sizing is more important than entry signals
  • You need to be willing to accept small losses to catch big trends
  • Trading can be taught - discipline beats talent
  • Let the market tell you what to do