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In a message dated 9/10/99 8:46:49 AM Pacific Daylight Time,
cashc@xxxxxxxxxxxx writes:
> Then traders could swap code and ideas to the benefit of all. If the
> serious traders did this, then Omega would start to take notice.
>
> Hear! Hear! for the Linux business model of trading software!
One flaw in this line of thought: the markets exist to transfer money from
the many to the few. When the "many" have the same method, then that method
will stop making money.
Do you think it is coincidence that the cleaner trends of the 70s and 80s
turned to the chop of the 90s just as Omega, the PC, and system trading /
trend following took off in popularity?
Notice that none of the often mentioned "Market Wizards" ever gave out a
single system. And the stuff that leaked out there now has drawdowns deeper
than a turtle can dive in the Pacific.
TS
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