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In a message dated 6/19/99 4:10:48 PM Pacific Daylight Time,
brente@xxxxxxxxxxxx writes:
<< It's
kind of funny how we fiddle around with the data until we see something
interesting and we think; "Ah I have an edge now and I can't tell anybody
about this edge," when in fact that edge may be very common knowledge. This
is especially true if you are a new trader but you dare not tell anyone for
fear of losing your edge. >>
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Brent:
You have hit the nail on the head. Everyone thinks that they have discovered
a trading secret when all they have done is duplicate MANY ideas from other
traders. This idea runs rampant on all lists and this one especially.
However, it does serve one purpose. It keeps us from getting ridiculed by
others who would say " No big deal, I've been doing that for years" or "I
tested that and it did not work". The real problem is that the idea of
secrecy hinders our developement. We get stuck on this one secret and stop
looking for further improvements because we cannot talk about it.
The biggest secret of all seems to be a "system" or "Delta" or "Astrology"
etc. If all these people with secrets would be able to discuss these topics
then we might make progress. And all these traders would find out that there
is a lot more to the idea than they thought. I will bet that most systems
have already been published but with a different name. Also most "Delta"
discoveries are simply variations of the same thing. One person thinks there
are 12 or 20 points instead of 10 while another feels a trend changes every
7 days instead of 10. People probably will not change but if they did it
would create some lively conversations on this list.
Lynn
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