Is James Altucher right?

I love James Altucher. He's so irreverent and cynical. He is also a prolific writer and an ideas machine, so I subscribe to his blog. I was intrigued with the email I got from him today titled 'The ultimate cheat sheet for investing all of your money'. It's hard to know just how serious he is.....

My trading this morning consisted of closing one of my open positions. My trading system is black and white: either the position is open or closed. I don't have the head space for 'maybe' and I had a signal that said 'close'. So I closed the position. Easy, ten minutes of trading, max. The trade cost me a little (£56.60, to be exact), but came nowhere near its stop-loss (which is normally an 'oh dear, this trade is really going wrong', distance away from my opening position).

Now, on with my day.......