Did Altucher fail as a trader?

Quote from Vishnu:

times have changed in the past 5-7 years. I'll do a more updated post at some point about my experiences trading.
-James
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Any idea when this will be released?
 
Quote from StarDust9182:

Any idea when this will be released?
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I've written about it to some extent on my blog at jamesaltucher dot com but perhaps in the next month I'll write more comprehensively. I probably have about 5-6 articles on it.
 
Quote from Vishnu:

Well, I don't recommend any stock in the article. So its not a pump. I also provide all the links to my sources of research. So do you own research instead of slinging vomit my way

And finally, I'm a long-term holder. So no dump.

Why do you guys ONLY insult. Its really infuriating. Just go out and use your own wits to make money instead of insulting me.
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I've looked over a number of your blog posts and enjoyed many of them. I don't believe that you really believe some of what you write but that's another matter.

Now the "However" .. you appear a bit thin skinned and you've lost a little credibility with me on what you pitch relative to believable items at your blog.

As the old saying goes "Sit in a barber shop long enough and you're going to get a haircut". If one writes the type of material you do and thinks they can come onto a internet chat thread and not be insulted is insulting.

Suggestion that's worth just what you are going to pay for it: Read a number of Don Bright's posts on this site. Check out how he answers reasonable questions, cheap shots, insults and accusations. I certainly haven't read all of his posts but I've never seen him lose his cool and fire back.

I got a buck says you find a cool responsible way to deal with all types of internet communication and I look forward to reading it.
 
Quote from d08:

He wrote an X number of books on trading, pretending to know what he was talking about - that is the problem. I know tennis is played with rackets, net and a ball but I don't know the details, so I won't write a book on the subject. He's a pretty clever BS artist, that's for sure. I feel cheated out of the money by buying the book, so I'm within my rights to make that claim.

Where do you get the 99% number from, it's actually something like 80-95% from what I've read on brokers' numbers.
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I'm quite pleased with Mr Altuchers book (trade like a hedge fund). Why? The book gave me just one tiny idea about a possible strategy. That strategy has now proven very good over the last 5 years. That's why I buy a lot books. Just one tiny detail can give me some idea about a possible strategy. 19 times out of 20 it will be a waste of time, but that's how the trading business are. The 1 out of 20 gives me nice reward in return.

After reading this thread I'm astonished how negative some people can be. Open your eyes!

And yes, I consider myself successful at daytrading/swingtrading, one losing month since 2001.
 
anyone bashing hft have no clue - the exchanges and the public are fortunate to have hft traders providing liquidity, tight spreads and providing support employment opportunities.

hft has also reduced transaction cost significantly for everyone and forced the improvement of infrastructure that otherwise would not have ever been upgraded if left to the exchanges decision.

why do people buy trading books anyway? there's nothing in them.

m
 
+1 to that Mark. I'm filled in milliseconds for a spread of one or two cents, instead of being filled in seconds or minutes at a spread of an eighth or a quarter and somehow that's bad?
 
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