Discussion in 'Strategy Development' started by KevinK, Sep 22, 2005.

  1. KevinK

    KevinK Guest

    Interesting thing I heard today...James Altucher doesn't even trade systems...Not saying they don't work...just thought it was interesting as he wrote a book on them--

  2. He's on ET occasionally and trades for a fund of another ET participant.
  3. The majority who write about trading, are just that...writers. And most often they know jack shit.
  4. KevinK

    KevinK Guest

    He runs a fund of funds.
  5. I bought his book trade like a hedge fund, I only tried one system or so, but look at them all, the return is less than what youd get out of an index, no one he runs a funds of funds.
  6. Ebo


    So far, I am less than impressed with the canned Wealth Lab strategies that he "uses" in his book.
  7. truth
  8. fan27


    His book gave me some good ideas which I turned into systems. Well worth the $25.

  9. One can go to Wealth Lab (the old, still free, pre-Fidelity version) and test many of his systems. Most did well in the volatile years of 1999-2002, but many have broken down, and some trade much less frequently to the point that I have to question their statistical validity (not enough recent trades, iow).
  10. I thought Altucher does trade in addition to running a fund of funds.

    Reg D stuff I thought?
    #10     Sep 23, 2005