Why I don't keep trade secrets

October 26th, 2009, 09:51 AM

- 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.

October 26th, 2009, 10:25 AM

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)

Why I don't keep trade secrets

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Why I don't keep trade secrets