Here is something for option cats, hard to find anything on gamma scalping: http://www.youtube.com/user/ProbabilityOfSuccess#p/c/189AD070796E1F8F/0/3knYKbyUSdE
Some excerpts: "When it comes to trading macro, you cannot rely on the fundamentals, you have to be a tape reader, which is something of a lost art form. The inability to read a tape and spot trends is also why so many in the relative value space who rely on fundamentals have been annihilated in the past decade." In regards to tape reading: "Certain people have a greater proclivity for it because they don't have the need to feel intellectually superior to the crowd. It's a personality thing." I swear man, it's like he is talking to me. LOL. Who does this guy think he is, stealing my material. He took this stuff right off my thread!
It? There are a million ways to trade ACD as has been highlighted on this thread. ACD is not a system that either works or doesn't. It's a process. I don't know how it's possible for a process not to work.
Maverick out of curiousity have you ever bothered to read Al Brooks book? I'm combining that style with ACD for actual trades. Do you have any resources you like on how to learn to enter and manage positions, aside from ACD?
I have his book and read maybe the first 30 pages. I have probably read over 300 books on the market and that is the first book I had to basically stop myself out of. Talk about taking something that is simple and adding complexity. My background is in tape reading and options. So I manage positions around volatility which is what ACD is based on. So I don't feel the need to add more layers to making things more complicated. Let me turn to the great Bruce Lee on his thoughts on simplicity: "Simplicity is the key to brilliance." "Out of chaos, find simplicity, From discord, find harmony." "In building a statue, a sculptor doesn't keep adding clay to his subject. Actually, he keeps chiselling away at the inessentials until the truth of its creation is revealed without obstructions. Thus, contrary to other styles, being wise in Jeet Kune-Do doesn't mean adding more; it means to minimize, in other words to hack away the unessential." "There is no mystery about my style. My movements are simple, direct and non-classical. The extraordinary part of it lies in its simplicity. Every movement in Jeet Kune-Do is being so of itself. There is nothing artificial about it. I always believe that the easy way is the right way. Jeet Kune-Do is simply the direct expression of one's feelings with the minimum of movements and energy. The closer to the true way of Kung Fu, the less wastage of expression there is."
I would add that Bruce Lee trained harder than anyone, they had to slow down the film in "Enter the Dragon" because the camera could't display his speed. If people had his work ethic you almost have to be successful.