The Strength of Turtle Traders as Money Managers over the past 25 years real time trading results is their Portfolio Managementa nd Money Management Strategies.

Original Turtle Trader Russell Sands has sent this important update to students and brokers on the Auto Trade Managed Accounts Program.

These are the new Portfolio Management Rules for Turtle Traders

Hi, this is Russell.

We have had some extreme market volatility the last
few months, and quite frankly, it has been difficult for the very small
accounts to keep up.

It has therefore become necessary to revise some of
the portfolio's for different account sizes.  Attached is a new list of
markets to trade for various account sizes,  keeping in mind again that
these are just suggestions, not set in stone.

The first thing to mention is that I think it now becomes necessary to
increase the minimum account size for Turtle trading from $5,000 to $10,000.

On the Auto Trade Broker Managed Account and Commodity Mentoring Program
the Money Back Guarantee will apply for starting capital of $10,000.

You are certainly welcome to try and trade with less money, but the risk is
just going to be very high on each trade you take, and you will need to get
lucky when first starting out.

The second thing that has changed here is there are now less markets in each
group, and the group sizes have been widened out further, so you need larger
account sizes to cover more of the markets in total.  This is a strictly
defensive measure, but one that becomes necessary again due to the higher
volatility and risk of almost all the markets.

The third and final thing that has changed here is that some of the markets
have been moved around.

Mostly notably, some of the markets that have just had some wild moves lately,
have now been taken out of the 'smaller' account sizes, and replaced with a
few smaller and less volatile markets, that have not made recent headlines.

This is done both because some of these 'other' markets may be 'due' for
some big move in the future, but also because the margin requirements are
a lot more manageable on these markets.

This message is being written for both those of you that trade on your own,
as well as for all the brokers that are involved in Auto Trading
Managed Accounts for customer accounts.

Those people trading on your own have more flexibility
for which markets you trade.

As for all the brokers, I would appreciate it
if each of you could send me an e-mail confirming that you have received
these new lists.

Journalists and everyone else can email questions to me using the contact form at

http://www.turtletrading.com/contact.htm

for more information or

call Toll free on USA 1.800.783.1680

Thanks, Russell.
http://www.turtletrading.com

PS Call for your Mid Month Special Offer on 1.800.783.1680

• Russell Sands mentor Richard Dennis ran a fund up from 1994 to 1998 - it was returning over 100% in most years.
• Then in 1999 Commodities stopped trending and he lost around 50% of the fund in 6 or so months.
• Yet, the original investor in Richard Dennis’s funds in 1994 in 1999 had made Net of Fees 39% per annum

• Russell Sands mentor Richard Dennis ran a fund up from 1994 to 1998 - it was returning over 100% in most years.
• Then in 1999 Commodities stopped trending and he lost around 50% of the fund in 6 or so months.
• Yet, the original investor in Richard Dennis’s funds in 1994 in 1999 had made Net of Fees 39% per annum

Today one of our staff took a call - it was unusual not only because it was from Australia and also that it struck a raw nerve and is so important that its now part of a blog.

We are sorry we don’t blog that often. Maybe its because we do not get many non spam replies on this blog (we get about 70 spam ones a day with links and all sorts of crapola we need to delete as moderator).

Here is how our Staff Member Replied to him

Thank you for your call today.

Have  you checked our updated results on the website

http://turtletrading.com/Turtle-Talk-News-Apr-2008.htm

These results speak volumes and answer most people’s questions.

There are a lot of Trading teachers out there what we can tell you is:

1. The pedigree of the Turtles Trading Program is long and without peer.
It works for those who have consistency, discipline and the right capital

2. Russell Sands has been trading these same methods for 25 years this year

3. Russell Sands gives his students the same signals as he is going to trade
before he trades.
We do not know of many other teachers who actually trade nor in the
size Mr Sands does.

4. Both Programs last for 12 months with full support

5. Both Programs come with a 12 Month Performance Money Back Guarantee

a. Super Trader Program: Commodities & Futures:z

If you take all of the trades as per the Capital Size Recommended
Portfolio in the Turtle SuperTrader Program and start with the recommended
capital (min U$10,000) and have not made money after 12 months you get
your Full Course Fee Refunded

b. Turtles Forex Program :

If you take all of the trades as per the Signals in the Turtle Forex
Program and start with the recommended capital U$5,000 and have not made
money after 12 months you get your Full Course Fee Refunded

6. You could talk to a broker in Australia who has been taught these
methods around 2003 and has been trading them for his Turtle Student
clients.

His name is John Robertson of I-Deal and you can get him on 03 9017 4175.

7. On both programs you get full access to Russell Sands and his trading
assistant for 12 months

I must be honest here and tell you I am not sure I think these programs
are for you.

When I asked you “What do you want from your trading?”

You answered “That should be obvious”

Sadly, that answer was typical of traders who invariably do not follow a
plan or rules because they do not have goals - and end up losers to the
market.

The most successful new students always have a clear intention for their
trading. And those intentions are -

1. Not always the same
2. Never obvious to me

- thats why I ask that question. We do not know what you want from your
trading we only know what the Turtle Programs can deliver.

The historical performance is at

http://turtletrading.com/Turtle-Talk-News-Apr-2008.htm

I also asked if you had read the free report on the website you said you
had ordered it but not yet seen it and was not sure if it was sent - it is
on an Auto Responder.

Russell Sands time is very precious and he asks us to carefully screen
prospective students as he works closely with them for 1 year. From what I
have seen he may not have the patience to Mentor you and you may fail at
the initial interview.

Good luck in your search.

Please feel free to revisit TurtleTrading when you know what you want from
your trading call +1.800.783.1680.

Message Ends

This is is a very good answer.

You Need to Know What You Want

Otherwise how do you know That You Got It When You Do Get It?

No point trading if you are not clear on your goals and objectives.

Get some intentions!

Enjoy Your Weekend

http://www.turtletrading.com

Russell Sands Turtle Trading

ORDERS FOR MONDAY, APR 21 2008

Traders Note:

From tonight’s orders going forth, we will be trading the
electronic markets for the S&P, Dow, and Nasdaq Futures.

If you are using Trade Station reset your symbols to
Composite (.C) rather than Pit (.P)

This is only for the Turtle Futures, if you also trade our Balanced
Trader System continue trading the pit for that system.

Turtle Talk Inc
http://turtletrading.com

PS Balanced Trader has a very exciting Order for Monday!

Do not miss it - it could be the start of a very big move.

http://www.turtletrading.com/balanced_trader.htm

GREENBACK’S WEAKNESS IS TURTLE FOREX PARADISE

Our latest Turtle Newsletter shows how much the Turtle Forex has benefited from the rise of the Euro Currency and the Demise of the US Dollar.

You may view it online at:

http://turtletrading.com/Turtle-Talk-News-Apr-2008.htm

We have also enjoyed a nice run in the Swiss Franc and have a small loser in the GBPUSD.

While its sad about the Greenback the Turtle Forex system has been helping out small Forex Traders with the Auto Trade Program - we can send you the current orders. The Auto Trade Program lets traders manage their trading consistently and simply.

Just use the contact link http://turtletrading.com/contact.htm to ask for the latest orders.

The Auto Trade Program lets traders manage their trading consistently and simply.

Russell Sands pioneered this method of trading back in 1997 on a trip to Singapore and Malaysia and has refined it to the point where it really is simple for traders to trade the Forex consistently.
The constant drumbeat of US Dollar Weakness can be hedged with our Program - a number of large institutions are looking at using our Program to manage their currency risks of business.

If you need more information about how it works call 1.800.783.1680

The Turtle Trading Team
As always we are at http://turtletrading.com

Last week we showed in our newsletter a nice equity curve!

This one is even nicer. This is probably why our Turtle Super Trader Program students who started at the beginning of January are so happy.

The best Profits were generated in Rough Rice and Platinum.

If you do some simple math you can see the increase in value from 1 to 2 in just 1 month.

See the Charts and Read more in our Free Newsletter - subscribe here now>>

Russell Sands
http://turtletrading.com

Societe Generale Loses US$7 BillionWhile…Turtle Traders MAKE MONEY!!

From Russell

“Official numbers from the accountant for fund performance for 2007

Also, we have preliminary Avg. YTD return of 72.09% (gross) and 53.62% (net).
and about another 18% for this month

What a wild week, I am going to sleep all weekend !!”

Russell Sands
http://turtletrading.com

Lehman Brothers have estimated that about 13% of the Volume done last week was Socete Generale getting out of their bad position.

Now if they were Turtle Traders they would have been out of their trade for only a 2% Trade. Isn’t that so cool? All the brains and financial muscle in the world can’t beat the good old Turtle Trading Technology - no wonder we have so many people asking to be trained by us Turtles.

Sure the Turtles System Model Portfolio Returns were temporarily degraded by the Soc Gen market action for a few days. But look at the bounce back. Instead of being up 90% in 1 month its nowup over 80% for the Year To Date - which is 25 days.

Seriously, the Traders at Soc Generale would have been far better off spending $7,500 on a place at the Turtle Super Traders Program for a year than playing with fire the way they did. A loss of such magnitude was so avoidable when trading correctly.

Here is how the Turtles System Fared for the Week and the past month.

That’s right it started at $1million on Jan 1 and is now at $1.8 million* in under 4 weeks.
You do the maths!:

Read the rest of this entry »

Everybody is talking about how this might be the “big one”. Of course, as with every other market we trade, the more people talk about the trend continuing, the more likely the party is soon going to be over.

I know that I had told many of you last week to take the Balanced Trader buy signal (which failed), as a good opportunity to cover some of the stock index positions that we are still “short” in the Turtle system. It is my understanding from the brokers that some people did this, and some are still short, I really don’t know who has done what. But this e-mail is now addressed to those of you that might still be short any of the stock indexes, according to the nightly order sheet for the original Turtles.

As with my suggestions in the Grains and Metals, if or when this market turns, it could be a huge short covering rally, and we want to be the first ones out the door. Therefore, despite the computer signals, I am going to hereby suggest that you guys tighten up the stops on any or all of your stock indexes to right above Tuesday’s high. My suggested prices are 1327.00 in the S&P, 12150 in the Dow, and 1850.00 in the Nasd. This is enough to keep us in the trade if it keeps going, and protect us quickly in case it turns around.

Thanks, Russell.

http://turtletrading.com