Did Altucher fail as a trader?

I think the world has changed. I think the book on trading (of my 9 books, only 1 is about short-term trading, 1 is about buffett, 1 is about hedge funds, 2 are about long-term holding, and 4 are more about personal stuff) worked when I wrote it (2003/2004) and when it came out but since 2008 probably has not worked as well.
-James Altucher

 

What's the reference for that Altucher quote? It doesn't turn up on Google. Thanks.

 

Rodney, if you are talking about the above, I'm James Altucher. So the reference is here.

 

First of all thats not even true, Supercash has short-term trading setups in it as well...

Second, I tested all your setups recently, even the ones you put on ET and on thestreet.com. More than one setup still works and the mean-reversing stuff works, just not with 20 days exit, which was a very silly exit to begin with. I am sure you can do better and I am also sure you know that. So I dont understand why you wrote that except maybe you want a different audience now that trading is unfashionable.

 

good lord dude you wrote NINE books?

maybe should spend some time on trading....

 

Altucher wants to distance himself from trading. Its for business reasons, I am sure.

 

Gueco, not sure why you need to convince yourself of that. But not everything in life is business/money oriented.

 

Well, to be fair, one of them is a comic book.

 

Anyone who uses the phrase 'beat the stock market' is total loser

 

I find it difficult to believe someone smart like yourself can't come up with better systems than the ones you put on those books.

Even I trade much better systems, and I am not that smart. By better I mean simple and very reliable systems. Stupid is good in trading.

So that makes me think you must have an agenda to write that article.