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Perhaps the QQQ Crash was coded differently than the version I mentioned in my book (which the article was based on) "Trade Like a Hedge Fund" since I played the system 6 times in the period you mentioned. In terms of shorting, most systems just simply do not work. Shorting is not the...

Trade Like a Hedge Fund

I don't think anyone can dispute that testing of an idea is worthwhile. Why trade an idea if its never worked in the past? Some of the successful hedge funds that are built on the idea of backtesting ideas include Rennaissance, DE Shaw, all the trend followers out there, and so on. For me, I...

If there is a dirty bomb attack in the US I plan on buying the US market and averaging down. As I mention and document in my book, everytime there has been a major catastrophe in the world in the past century the best place to put your money has been the US stock market because just 2 months...

Even though this is slightly off topic here and perhaps worthy of another thread: managing other people's money is 1000x more stressful than managing your own money. People sometimes write me and ask me for my track record as a fund manager so they can compare with their personal track...

As full disclosure I have to say I'm biased because Larry wrote a blurb for the back cover of my recent book. That said I never had any interaction with him before that and I don't know him personally. I do think Larry needs to be given a lot of credit. I have no opinion on his tradnig...

IB offers 8% notes that they redeem every 3 months. Does anyone have an opinion on these notes or used them? -James

Here's the recent review by Don Luskin: SUCCESS IN INVESTING isn't just about what you do — it's also about what you don't do. It's about getting it right, but it's also about not getting it wrong. Here are two investment books — one brimming with ideas for how to make money with...

I think it selling pretty well, at least according to the publisher.

I think its selling pretty well, at least according to the publisher. Also, for some reason some publisher was interested in purchasing the Japanese rights.

I have no affiliation with any software and I'm a pure opportunist. I just want to make money in the markets and I'll use whatever tool will help me do it. Tradestation, amibroker, metastock, etc was not able to provide the help I needed: - testing on baskets of securities - easily...

Marketsurfer: Thanks for the compliment! The book was a pleasure to write and I've been enjoying the feedback from people (in addition to the research it took to make the book). Puffy: LVLT (and AMZN) are good examples of Buffett not sticking to what he knows. Not to mention his 2002...

The first post on this thread states that this thread belongs in Econ and not Trading. I respectfully disagree. Buffett is certainly not an economist and he certainly is a trader. a. Despite popular opinion, Buffett does not buy and hold. Historical examples include Disney and McDonalds...

a focus on trading instead of personality. It just so happens that today triggers one of the systems discussed in my book. The chapter on the QQQ Crash.

its been somewhat of an unpleasant experience writing the book that this thread is about. For one thing, writing a book doesn't make any money. Nor do I have any interest in doing an informercial, etc since all of my time/career is focused on my fund. Second, the book took a lot of time to...

To some extent you are right. And I deal with this question in the book: why write a book if these techniques work? I'll leave my answer for the book readers. That said, then there's the question why read any books about trading? And to that I have to say, why not read every book about...

I have to say, a good source of documentation about pullbacks and how they backtest is my new book: "Trade Like a Hedge Fund"

I would and I did. My book is coming out two weeks from today - "Trade Like a Hedge Fund" detailing many of the systems I use for my fund on a daily basis. The question is, why would one do it? For one thing, I think its pretty rare, if not impossible, for anyone to have the discipline to...

Jose, I am agreeing with you. I think WL is by far the best. No competiition. Thats what I'm saying in my post.

First of all, mirror image systems just don't work. Shorting upper ends of Bollinger bands, etc are a swift way to bankruptcy (except in period 2001-2002) Its important to note that the CSFB hedge fund index for Dedicated ShortSelling actually had a Negative return in 2001. I mean, the market...