|
PureBytes Links
Trading Reference Links
|
Self-fulfilling only works so long as there are folks to take the other
side. If something works too well, the traders on the losing end either stop
or adapt and the method stops working. Thats why the most successful methods
long term and painful or difficult to trade.
Harris Landgarten
-----Original Message-----
From: William Wood [mailto:wrwood@xxxxxxxxxx]
Sent: Wednesday, June 21, 2000 3:41 PM
To: Phil Lane; Bob Fulks; TradeWynne@xxxxxxx; Jimmy
Cc: Omega List
Subject: RE: A Quick Poll
I have read this many times but have never seen an explaination. Why would
a technique that works initially no longer work just because a lot of people
start using it. For example, many say the Turtle methods no longer worked
because they became too well known. Seems to me that the self-fulfilling
theory would kick in when more people use the technique and make it work
better not worse.
Regards
Bill Wood
-----Original Message-----
From: Phil Lane [mailto:patterntrader@xxxxxxxxxx]
Sent: Wednesday, June 21, 2000 12:05 PM
To: Bob Fulks; TradeWynne@xxxxxxx; Jimmy
Cc: Omega List
Subject: Re: A Quick Poll
Bob wrote:
I just think that if it works, it is
> because people think it will and make it self-fulfilling.
But what about the competitive aspect? I.e., the more people that know about
something the WORSE it works.
Just a thought,
Phil
|