Question for the pros: is a stable profitable EA a myth? - page 8
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The book outlines one of the methods of paired trading. Vidyamurthy is a mathematician and therefore his book is worth reading. It is the natural nature of mathematicians to count and write about it, if a mathematician prints a book, it is a recognition of his success.
A book by a "famous trader" is not worth reading. The nature of traders is to trade, if he went to write books then as a trader he is unsuccessful, then why should you believe what he has written?
That's it.
So a mathematician can write, but a trader can't. I see. I guess I have one last question. Do you always check if the author is a trader first and only then decide if it's worth reading?
Is it Martin after all?
I.e. a mathematician can write, but a trader can't. I see. I guess I have one last question. Do you always check if the author is a trader first and only then decide if it is worth reading?
This is obvious from the start - if the author promises to reveal a secret method and talks a lot about how immeasurably he got rich using this method, then he is a "famous trader". No mathematician would get dirty with such tales/promises.
Another good way to evaluate a book before reading it is to study the list of references used by the author, if it lists decent books/articles, then it's potentially a good book. And the publications listed in that list are worth a look too. The "famous traders" don't have any of that, and nobody refers to their books either.
That is, a mathematician can write, but a trader cannot.