The first group performed so well during the initial year that Dennis repeated the experiment the following year with a second group of ten. These two groups of traders collectively became known in the industry as the Turtles. This rather curious name had its origins in a trip Richard Dennis took to the Orient during this period of time. At one point, he visited a turtle farm, in which turtles were raised in huge vats. In Dennis’s mind, the image of growing thousands of squirming turtles in a huge vat was a perfect analogy for training traders. The name stuck.
