Sure, "basic basic stats and probability" hasn't changed in fifty years. But there are plenty of good recent books that also cover modern, computation-intensive methods. If he's going to spend $118 on a book, he can do much better -- unless you're going to be a mensch and donate your old copy to him.
Very good points! However out-of-sample tests performance depend on the period you choose right? If you pick out-of-sample test period to be 2 yrs. vs. 10 yrs. that's a huge difference in results... If you pick in-sample test to be the peaceful periods and then use 2008-2010 as out-of-sample test period it can be again a different story. So the out-of-sample results will vary depending on the length and period you choose. These two parameters are another level of parameter-searching and curve-fitting... am I right? (p.s. I am really a newbie still in trial and error stage so I am not sure at all... I am consulting your expertise and experiences on this ... )
yes again, I only "heard" about it... and there is no way for me to verify if it's true or not... http://www.economist.com/blogs/freeexchange/2010/06/hedge_funds
Bullshit. Once again, you never answered the question and you back away from a very simple opportunity to show us all what a big swinging dick trader you are, just as you tell us you are, but we already knew that Dickless. Everyone know you are a Liar and a Charlatan. Why is it that when I hear "FrothLogic" I think of the words "Pathological Liar, Charlatan, Clown, Fraud, Crook, BS artist..."? I wonder?
Statistics and probability studies are essential when using time charts for obvious reasons. Since time charts are purely chaotic because of the inconsistency of volume-per-bar so statistics and probability studies add some rationality to determining price direction and profit potential. Statistics and probability studies are still important but less essential when using volume charts because they eliminate the inconsistency of volume-per-bar. Logic can replace probability studies as the key determining component because you can replace the subjectiveness of the outcomes with time charts (requiring probability studies) with the objective outcomes of volume charts (lending themselves to logical studies). Any time you eliminate the variable aspect of a problem situation the result field percentage skyrockets. This is simple physics and easily verifiable.
ROLFMAO. Almost spat my coffee out. This is the biggest load of nonsense I have read in a long time. What you have "written" is just wrong on so many levels. Why is it that when I hear "FrothLogic" I think of the words "Pathological Liar, Charlatan, Clown, Fraud, Crook, BS artist..."? I wonder?
What too lazy to search my posts? You already proved you are too lazy for any original thought. You are just a mental moronic conformist. Go stalk someone else. Your attraction to me is uncomfortable and odd.
You make the grandiose statements, you need to back them up. No? I didn't think so dickless. Why is it that when I hear "FrothLogic" I think of the words "Pathological Liar, Charlatan, Clown, Fraud, Crook, BS artist..."? I wonder?