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The sharing/not sharing dilemma

  #15 (permalink)

Salt Lake City, Utah
Trading Experience: Beginner
Platform: Jigsaw, NinjaTrader8
Favorite Futures: ZB
Posts: 477 since Apr 2016
Thanks: 15 given, 439 received

Whether or not you share your money making methodology depends on the methodology itself.

There are some strategies that by their very nature only a limited number of market participants can take advantage of successfully. For instance, only so many people can take advantage of a strategy that relies on being first in the queue. You keep this kind of strategy to yourself because more competition reduces your chances of executing the trade successfully. These kinds of strategies also tend to be the most reliable money makers, and are thus the ones that we are always looking for and not finding.

On the other end of the scale there are strategies that by their very nature are more successful the more people you have using that strategy. For instance, the more people that participate in a momentum trade the higher and faster that trade is likely to go. These are the kinds of strategies that people will share. However, they also tend to be strategies that are not as reliable, and require skill to use successfully.

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