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Why I don't keep trade secrets
Started:October 26th, 2009 (09:51 AM) by cunparis Views / Replies:1,739 / 1
Last Reply:October 26th, 2009 (10:25 AM) Attachments:1

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Why I don't keep trade secrets

Old October 26th, 2009, 09:51 AM   #1 (permalink)
Trade with the flow
Paris, France
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
cunparis's Avatar
Posts: 2,552 since Jun 2009
Thanks: 1,151 given, 2,001 received

Why I don't keep trade secrets

- more people taking my same trade will only help to push the market in my direction
- it will only be negatively affected if a large number of people trade my setups
- if more people trade my setup and it helps me, then it figures that i'll be rich before too many people trade my setup.
- there are always more setups waiting to be discovered

4.5 pts possible on ES in 30 minutes time. I got 2.5 of them. I made my goal, now I'm relaxing on sim. The pressure is off.

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Old October 26th, 2009, 10:25 AM   #2 (permalink)
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: ES
Jugador's Avatar
Posts: 163 since Jul 2009
Thanks: 67 given, 50 received

Yeah, I remember reading an article a few years ago about a guy that made stock buy/sell recommendations. He'd tell all his followers exactly when to buy and when to sell.

Turns out the guy had no rhyme or reason for his decisions, he just wanted as many people as possible to go long or short at the same time he did.

The SEC found out about it, and made him stop. (he wasn't a registered investment adviser).

The reason it sticks out in my mind, is the guy was only 16...lol (smart kid)

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