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BelAirCap wrote:
> Why would anyone want to be influenced by something that has not been tested
> and has not shown any statistical significance or validity? What other kinds
> of situations could one possibly need to make judgements on?
First, it would be very difficult to program all possible factors into a trading
system. On the entry side, I use mine mostly as filters, alerting me to
*potential* plays. For example, I get a buy alert on a certain stock. The time
of day and the overall market conditions have to be accounted for. It's 9:48,
we'll say, so I don't buy it, since I'd rather wait until the typical pullback
occurs here from an open, and decide again then. Maybe the spread's too wide on
it. Maybe there is a lot of supply on the offer. I may not buy it simply
because the play doesn't "feel right." And so on. While I'm a strong believer
in the "science" of trading, I also believe that it is still to a degree an art.
Regards,
A.J.
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