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Let me add to that.
First, it must be obvious that no one would sell "winning" system, as you
always could borrow that meager funds needed to start trading. Once trading
is started it takes nothing to build sizable capital. Then you may have
problems, as to move large capital is much harder, futures market are
relatively thin, but you always could use underlining without leverage.
With a big capital you do not need much leverage either.
Here is the most important consideration why the winning system would never
be sold. The goal of the market is to defeat all predictions (or market
would cease to exist). So every knowledge discovered about the market
either has to be kept "secret" (and used on very small scale and in very
conning manner as to not attract an attention of other market participants,
remember old times pool manipulators?) or when known it is "negated" by the
market.
Any "secret" discovery about the market is secret only temporary. "What one
man has done, another will do soon" (if no one could recall who said that,
write it down to my name). So person that discover temporary "inefficiency"
of the market has very limited time to benefit from that discovery. And
that does not include the time for selling the winning system.
Cynical Alex.
At 10:43 AM 12/6/99 -0500, Bob Fulks wrote:
>At 9:04 AM -0600 12/6/99, Mark Brown wrote:
>
>>I have come to the conclusion that most everything that is published
>>is a carefully orchestrated marketing scheme of some type or another.
>>Hard to believe isn't it? Well prove me wrong someone, show me a Real
>>Trader who has a track record that's independently audited and then
>>show me someone who's selling that knowledge in books, tapes and
>>seminars.
>>
>>Remember the key word is independently audited, no Futures Truth and
>>other reporting serves like that do not qualify. They do not qualify
>>because they advertise and have an interest in the products they claim
>>to audit. Good luck on the slippery slope of hope to finding the truth
>>in this business.
>
>It seems obvious to me that this has to be true. If you had a
>surefire way to make money in the markets, why would you sell it at
>any price?
>
>OK - perhaps a developer of a system/methodology for trading stocks
>or mutual funds might not have the capital to trade it and might want
>to sell a few copies to raise capital. But since trading futures or
>options requires so little capital, even this excuse disappears.
>
>And I hear that some people cannot take the pressure of trading.
>Perhaps, but they could easily find a partner who can.
>
>It always amazes me that I get so many direct mail pieces trying to
>sell me ways to make me rich...an oxymoron.
>
>Bob Fulks
>
>
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