FORUMS BROKERS SOFTWARE
Home
 
    Forums > Technically Speaking > Strategy (System) Design > Trading system design books suggestion


Reply
 
Thread Tools
Old Oct 18th, 2012, 02:25 AM   #13
j2ee
 
 
Join Date: Aug 2012
Posts: 412
Quote:
Quote from ronblack:

You are too generous. Probably in 5 pages with a 12 pt font, single spaced.

Anyone looking to find out how to develop systems from books will never make any money. You only learn by doing it and also when using some tools suitable for that purpose than most retail losers cannot afford.
I don't agree, since that is how you get your thinking start and develop your own strategy. May be no book can teach you the best strategy, but all of your reading help you to think and create your own.
    Quote
Old Oct 18th, 2012, 11:21 AM   #14
ronblack
 
 
Join Date: Oct 2006
Posts: 631
Quote:
Quote from j2ee:

I don't agree, since that is how you get your thinking start and develop your own strategy. May be no book can teach you the best strategy, but all of your reading help you to think and create your own.
Don't care if you agree. Developing systems is an art, not a science. Nobody with a winning methodology for developing systems will put it down in a book unless he is stupid and that contradicts the fact that he is smart. So good luck with yours.
    Quote
Old Oct 18th, 2012, 09:57 PM   #15
j2ee
 
 
Join Date: Aug 2012
Posts: 412
Quote:
Quote from ronblack:

Don't care if you agree. Developing systems is an art, not a science. Nobody with a winning methodology for developing systems will put it down in a book unless he is stupid and that contradicts the fact that he is smart. So good luck with yours.
This is not true. Other than money, there is something call reputation, fame in the world, and after people earn good amount of money, those come to mind and they would like to write a book or two to leave a mark in the world. Even they wouldn't 100% just release the way they trade, they may give you a good introduction or big picture to let some people find the right way to do research.
    Quote
Old Oct 18th, 2012, 10:00 PM   #16
BlueTurtle
 
 
Join Date: Jan 2012
Posts: 569
I've known a few authors, and they all say, "Of course I leave out the good stuff." That is their "edge," even though if their edge was that good they wouldn't have to write books.

yes, they love and need the fame. but they also do it usually very quickly for money. and they could care less if it works for you, as long as you buy the book.

you will get a good idea about the whole thing, but you are not smart if you think this will really be the holy grail. or even close. or even close to even close. go to the library and find something.
    Quote
Old Oct 19th, 2012, 02:20 AM   #17
j2ee
 
 
Join Date: Aug 2012
Posts: 412
Quote:
Quote from BlueTurtle:

I've known a few authors, and they all say, "Of course I leave out the good stuff." That is their "edge," even though if their edge was that good they wouldn't have to write books.

yes, they love and need the fame. but they also do it usually very quickly for money. and they could care less if it works for you, as long as you buy the book.

you will get a good idea about the whole thing, but you are not smart if you think this will really be the holy grail. or even close. or even close to even close. go to the library and find something.
Most of the book/magazines/newspaper writers are just writing for money, they don't even care if they write anything real or good for you, as long as someone buys the thing and let they keep earning money.

But there are few % of writers really know their stuff and share little bit of their wisdom.

For example, I like to read ed seykota FAQ. May be he is not really that smart that very probably the highest return % trader out there? May be he does the online FAQ just to...let more rich people believe in him to let him manage their money?

He just has one book and seem like that is not even a trading book...(I don't have a chance to read that because there is no way I can find that book in my city), he shares how he thinks in his FAQ..why?...may be he just likes to share while he is lonely by himself in his next to lake big house?

Does he even talk about his formula or program? NO. Does his FAQ give people insight how a profitable trading system big picture should be? Yes

Is he one of your author friends? NO.
    Quote
Old Oct 19th, 2012, 04:17 AM   #18
Humpy
 
 
Join Date: Apr 2005
Location: UK
Posts: 2,562
Just suppose someone had a truly 100% winning system.

Would they tell everyone in a book, which at best would make a paltry million or two - of course NOT

And just suppose Joe Public found that system then it's game over for the markets - there would be a complete consensus about market direction. The "down the road " quantum computers might just do that if they can predict up and down at the same time ?
    Quote
 
Reply
Thread Tools

Forum Jump



   Conduct Rules   Privacy Policy   Sitemap Copyright © 2014, Elite Trader. All rights reserved.   

WHILE YOU'RE HERE, TAKE A MINUTE TO VISIT SOME OF OUR SPONSORS:
Advantage Futures
Futures Trading & Clearing
Alpha 7 Trading Academy
Proprietary Trading Education
AMP Global Clearing
Futures and FX Trading
Bright Trading
Professional Equities Trading
CTS
Futures Trading Software
DaytradingBias.com
Professional Trading Analytics
ECHOtrade
Professional Trading Firm
eSignal
Trading Software Provider
FXCM
Forex Trading Services
Global Futures
Futures, Options & FX Trading
Interactive Brokers
Pro Gateway to World Markets
JC Trading Group
Direct Access Trading
MB Trading
Direct Access Trading
MultiCharts
Trading Software Provider
NinjaTrader
Trading Software Provider
OANDA
Currency Trading
optionshouse
Option Trading & Education
Rithmic
Futures Trade Execution Platform
SpeedTrader
Direct Access Trading
SpreadProfessor
Spread Trading Instruction
thinkorswim by TD Ameritrade
Direct Access TradingAdvertisement
TradersStudio
System Building & Backtesting
Trading Technologies
Trading Software Provider
Trend Following
Trading Systems Provider