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Every time a question like this comes up I hit my head and ask "why isn't everyone just using Wealth-lab?" I guess, though, thank the good lord they aren't or my edges would start to fray.

Buy, "Trade Like A Hedge Fund" by James Altucher (me) coming out in March, 2004. Quite possibly the worst book about trading ever (gratuitous self-effacing) but each technique in the book I have used successfully (perhaps I am "Fooled by Randomness" as Nassim Taleb's book would suggest). I...

You are correct about the ratio. My mistake, and it was the ratio being at a low that I initially used as justification for making the trade. As far as the small cap vs large cap you are probably right and the microcaps would be better. However, I was encouraged by the "safety in numbers" in...

A few months ago on thestreet.com i wrote an article about why I like Silver. All of the arguments still hold so I will repeat the article here. The only thing I would add is that the gold/silver ratio is still at an all-time low: (Written on 7/25/03): Silver has made a sharp move higher in...

PM me and I'm happy to send out the specific chapter. I can probably respond to the first five. More than that and the publisher might get upset.

I have tested a turtle trading strategy on a basket of futures and ETFs. Again, not to toot my own horn (but I will shamelessly) but I am pretty forthright with the results in my upcoming book, "Trade Like a Hedge Fund".

one way to judge success is to look at the people one has mentored who have gone on to great success. In Victor's case the obvious answers are: Toby Crabel, Monroe Trout, and Roy Niederhoffer. Toby Crabel's 3x fund has been returning 18+% a year with sharpe > 1 and no down years. Trout's...

lets face reality, its just not good to go to 0. it feels like sh*t and everyone loses money. Not to mention the ego is reduced to nothing. Lets look at the traders out there who have blown up at one point or other: Niederhoffer, Richard Dennis (repeatedly), , Marty Schwartz (didn't blow up...

I wrote that quote on Vic's site and I actually don't really intend it to be unflattering. The reality is, I hate to say it, is that Buffett kicked ass this past year: - turned Gen Re profitable - made a ton on bonds - made a ton on Euros - and even made a ton on stocks Also, it should...

I actually went to a presentation the RQSI guys gave at the Peninsula Hotel in NYC two weeks ago. It was very interesting. Basically, they are trying to find talent for their ECI (Emerging CTA Index) Fund. The idea is that, statistically, they have come to the conclusion that a diversified...

"Trade Like a Hedge Fund" by James Altucher

Having gone through the Crabel material, I would note that the thought process is interesting (fading constrictions in volatility) but the material is over 10 years old. With the addition of 5000 hedge funds and 50,000 daytraders trying to game the market its worth testing to see if the material...

The great thing is is that this statement is testable. Looking at all NR7 days, with ADX < 20 and VIX < 10% below its 50 day moving average Buying at the open the next day and selling at the close the next day: On Nasdaq futures since 1988, 70 occurrences, average return of -0.09% (not...

I typically like to trade countertrend. However in the middle of a short squeeze, you get killed (hence, the squeeze). The hard part is identifying when its happening. Looking at all days on the QQQ when we've gone up 4% intraday I find 124 occurrences since 3/10/99. Going long AT THE 4%...

I wouldn't call the II numbers indicative of a top. Almost by definition market tops are associated with high levels of bullishness. However, there is a cause and affect issue here and it doesn't necessarily mean that high II causes a top. Lets not forget that for 3 years many pension funds...

Thanks for the reply Harry. I guess I need some more experience in real world industries. -James Altucher

There is no one sample size that can give you a comfort level. The way you determine statistical significance is by calculating the "z score" which tells you how many standard deviations away you are from the mean. Assume that the mean result of a random daytrade is 0. This is not an...

Yes, but he went for it anyway. Lost it, and committed suicide. Kids had nothing but wife took a garbage bag filled with cash and ran off.

updates and thoughts on various Market Wizards: a. Nobody has mentioned on this thread the Michael Lauer scandal that has occurred after Stock Market Wizards. Basically his entire fund is being accused of being a complete scam and the supposed $1B in assets his fund is worth has basically...

It seems rather late to the game to be thinking this way after three down years. Most interesting is to think what growing industries and stocks will benefit the most from the next uptick in the economy. The market is most likely going up this year, and probably next, like its done on average...