What the Turtle Traders' rules actually covered, simplified

Cover: what the Turtles' rules actually covered, the rulebook simplified

The rules covered when to enter and when to exit, for losses and for profits

And how big to trade, plus following the rules every time with no exceptions

The Turtle Traders are famous, and their rulebook is often talked about as if it were a secret formula. It was not. Simplified, it covered four things, and every one of them applies to trading gold today. This article lays out what the rules covered and why that structure still matters.

When to enter and when to exit

The first rule covered when to enter. No guessing: the conditions were defined in advance, so a trade either qualified or it did not. The second covered when to exit, and it applied both ways, for losses and for profits. Knowing the exit before the entry meant no trade was ever left open-ended and no decision had to be made in the heat of the moment.

How big to trade, and following the rules every time

The third rule covered how big to trade. Position size was sized to the account and to the risk on that particular trade, so a bigger stop meant a smaller position. The fourth was the hardest: following the rules every time. No exceptions, no feelings. A rulebook that is applied selectively is not a rulebook, and the Turtles' edge came from consistency as much as from the rules themselves.

Our trade ideas follow the same idea

Every idea we send is built on the same four pillars: a defined entry, a stop-loss and a take-profit for the exit, a lot size matched to your account, and the discipline to apply them on every trade. The Turtles are not affiliated with us, but the structure they used is the structure we teach. Learn it in the free live training, twice a week.

Key takeaways

Entries were defined in advance; no guessing.
Exits were set for both losses and profits.
Size to the account and follow the rules every time.

Common questions

What were the Turtle Trader rules?

Simplified, they covered when to enter, when to exit (for losses and profits), how big to trade, and following the rules every time without exception.

Do the Turtle rules apply to gold trading?

The structure does: a defined entry, a stop-loss and take-profit, position size matched to the account, and consistent application.

Trade ideas with the levels already worked out

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The traders featured are not affiliated with, and do not endorse, Gold Trade Signals. Their results are exceptional, not typical.

Risk warning: This article is educational content, not personal investment advice. Gold is a leveraged, volatile instrument and you can lose some or all of your capital. Gold Trade Signals is not FCA regulated. Read the full risk warning.