Hello Tim, Great post.
In the hall of the mathmeticians I carry a white cane but I still found my way to the quants table. BrianB2. --- In [email protected], "nhat8888" <[EMAIL PROTECTED]> wrote: > > Great discussion. I was a reviewer for Howard's book and found it an > incredible source to help me think "logically and scientifically" > about Quantitative Trading. Howard is a lot like your favorite > college professor, he knows his stuff but is also very patient as he > helps you find your way through the vast amount of information needed > to be successful. I think the detailed way he explores the idea of > having your own personal "objective function" (which measures the > goodness of a system) is worth the price of the book. If Van Tharp is > right that the "Holy Grail" to trading is designing a system that FITS > you, then Howard's "objective function" is what gives you a very > meaningul and measurable way of doing it. It helps you to design a > system that you will psychologically be more apt to follow. > > The beginner may struggle from time to time, since Howard does not > hold back his intellectual punches, but it is really perfect for that > person since it gives him or her a set of really good habits to learn > at the beginning. Unfortunately, Howard's book taught me there are no > shortcuts. You must be statistically rigorous. You must walk- forward > (which I strongly recommend doing with Fred Tonetti's breakthrough > "Intelligent Optimizer" software). No sloppy thinking allowed in > Howard's world. You simply have to do the design and validation > process correctly or you are simply gambling blind. The book really > does give you less to "unlearn" later. > > I have also attended the Bill Barack and Bruce Robinson courses. If I > were starting this learning process all over again (and I am still a > novice with much to learn), I would buy the Howard book and attend or > get a copy of the Amibroker conference CDS featuring Bill Barack and > Bruce Robinson. They are a great complement and can give you some > solid Amibroker footing for future intermediate or advanced work. I > go back to Bill and Bruce's material over and over again when I get > stuck or need to get clear on something. They are that good!!! > > Unlike years ago, the beginner Amibroker Quantitative trader has a lot > more available to get them up to speed. But the rest of the learning > seems to be only acquired through much experimentation and extensive > trial and error experience. Read the book, watch the videos and then > practice, practice, practice. > > Nhat8888/Tim >
