Simon,
Have you previously seen the video? I watched it and took some good notes but in my opinion it was 80% ego (how proud Mark is of his own greed and competitiveness, etc. and I'm not knocking him here - like a man's man, he's definitely a trader's trader), 10% good trader training, and 10% substance on the actual method. My point is to assuage any of your concerns about the quality and direction of you life
in the event you never ever get to see the video.
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I've tried to read the book a few times but it never quite sinks in. |
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The book was written and the video produced to attract capital not to teach a method.
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Isn't there violatility calculations that Fisher doesnt provide that makes the book kind of pointless? |
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Nor does he provide enough specifics in the video about the zone resets. It is most likely simply a volatility based (actually volatility related) re-optimization. Nothing elegant about programming that either - just loop through the range of all settings and use one just off the peak. re "pointless" - again, book's (and video's) purpose was to attract capital not explain a method.
The method itself takes a backseat behind sizing, execution, position management. It does not constitute the full method he personally trades on or off the floor. It is the method he has his hirelings apply because it keeps them out of trouble. The breakout methods of T.Crable, L.Williams, and more recently TheRumpleOne ('free' on the web, btw), etc can easily be substituted for ACD.
hth. all the best, zdo