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Trend Commandments

Michael Covel (FT Press)

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The Little Book of Trading

Michael Covel (Wiley)

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The Complete TurtleTrader

Michael Covel (Collins)

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Trend Following

Michael Covel (FT Press)

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Broke (Film DVD)

Michael Covel

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The Most Successful Turtles Are…

Liz Cheval, one of the Turtles, was blunt:

“The most interesting, thing about the Turtle program was observing who succeeded and who did not.”

Since the Turtles went out on their own in 1988, the performance numbers (see charts below) show the top Turtles:

1. Jerry Parker (Chesapeake)
2. Paul Rabar (Rabar)
3. Liz Cheval (EMC)
4. Howard Seidler (Saxon)
5. Tom Shanks (Hawksbill)
6. Jim DiMaria (JPD)

Those 6 Turtles are the ones with the continuous track records back to 1984 and 1985. From a trading perspective – they are the Turtle winners. One of those six told me that the most successful Turtle in terms of performance since 1988 has been Jiri Svoboda, but Svoboda has no public fund and remains invisible. Some former Turtles (for example) have portrayed an image of success with no measurable results, but in terms of top trading results this group of is it.

Month by Month Data: William Eckhardt
Month by Month Data: Tom Shanks (Turtle)
Month by Month Data: Mark Walsh (Turtle 2nd Generation)
Month by Month Data: Liz Cheval (Turtle)
Month by Month Data: Paul Rabar (Turtle)
Month by Month Data: Jerry Parker (Turtle)
Month by Month Data: Howard Seidler (Turtle)
Month by Month Data: Jonathan Craven (Turtle 2nd Generation)

Note: No vulgarity or ugly attacks. There are other places for that.

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Market Wizard Interviews


  • Jim Rogers with Michael Covel in Singapore.

  • Market Wizard Larry Hite discusses odds.

  • Harry Markowitz on Jim Cramer.

  • Trader Salem Abraham about the unexpected.

  • Michael Covel: Reason TV Interview.

  • Michael Covel in Brazil for BM&FBovespa.

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