Magazines make money by selling ads and by selling subscriptions to foreigners. There are no mega bookstores here, where you can read US magazines.
Mega bookstores make money by selling a lot of useless stuff. Smaller bookstores go bankrupt.
If you look for TASC articles, simply buy a subscription. The DVD contains over 3,000 articles, but do you really want to read 3,000 articles on a computer screen or IPAD? The magazine is most convenient and is rather inexpensive.
You can also order individual articles from TASC. They have a very good search engine so if you know your topic you can cull out specific articles rather than buy the DVD. This is a great resource. TASC Articles
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
Posts: 3,424 since Aug 2010
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I have been subscribing to the magazine since 1984 and I have a pile of them getting bigger every month. I have watched all these software (some from their DOS versions, Metastock, Omnitrader, Tradestation, etc.) come, grow, change, stay, or go. Authors become guru overnight with one article and open their management funds. I have bought or subscribed to most of this software and services advertising in TASC, of which they did only one thing for me; they made me a technical analysis junkie.
I had to try every new idea in the magazine, program things into DOS, Basic, FORTRAN, Pascal, C, C+, C++, Easy Language, Meta, Excel, Trade Sense, and so on. Developed, optimized, back tested, and even traded some of these systems and blowing several accounts. Paid somewhere from $175 per side and contacting my broker by phone (if I could get him when I needed him) to one click trades at $4.50 round trip. And, I am still on this forum and other forums searching for the Holy Grail. All of these courtesy of TASC and I am still paying the subscription fee every year.
The point here is that in the process I was too busy developing systems and indicators and did not have time to trade correctly. There are thousands of ideas out there, old and new, that when you master them they will work and make you rich. The good ideas are the simple ones that have been around for a long time, making their believers a good chunk of money.
These days, I get the magazine, drop it on the pile and forget about it. I feel like I am married to this magazine but cannot afford to divorce her. It has taken me down an expensive path like a sexy mistress. Now, I only download the trader’s tips codes for play time when available for Metastock, Trade Navigator, and Ninja, the software that I use.
FWIW, forget about TA. We already know what works. Take a good system that matches your personality and pocketbook and trade it the way you are supposed to trade it. If it works, keep doing it. If it does not, find a way to optimize your trading personality.
Finally, I get a kick when a young 5-years trader peddling his system and room for a hefty sum and claiming his discovery is based on price action. Welcome to the pit!!!
Last edited by aligator; January 15th, 2011 at 02:39 PM.
The following 5 users say Thank You to aligator for this post:
I subscribe to TAS&C but I think I prefer Active Trader more because it has a more quantitative approach and most of the techniques they discuss include backtested results. However, TAS&C is better at providing code relevant to their articles though across multiple platforms.
The following 2 users say Thank You to shodson for this post:
That is really a question of taste. I have tried to compare TASC, Active Trader and Futures magazine. and they all have their strengths and weaknesses. So I cannot really say which of them is the most interesting.
Let us take the December issue of Active Trader for example. It is a mixed bag. Let me try to rate the articles. Please be aware that this is a personal rating and is in no way objective. Actually I suppose that there are as many opinions as readers.
1. Catching longer term market swings -> waste of time
2. Gauging performance with the systems matrix -> excellent
3. Trading trend transitions -> beginner's level, very good
4. Trading gaps with the most potential -> average
5. Uncovering the covered call -> waste of time
6. Not all carry trades are alike -> interesting, I would rate it excellent, if I was able to understand it
7. Profiting with stock splits -> average
8. The subjectivity trap -> waste of time
9. Trader tax reporting strategies -> not interested, as I am in Europe
So let me summarize:
- at least 1 article is too difficult to understand, as it assumes prior knowledge of mathematical methods
- at least 4 articles are either not in my area of interest or a complete waste of time
- 2 articles are an average read
but then there are 2 or 3 articles in each issues that are really interesting, and I really can use the concepts and apply them to my trading. Generating new ideas or reinforcing old ones. I am fine with this percentage, even if it does not look impressive.