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Does gibing your system really diminish your edge?


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Does gibing your system really diminish your edge?

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  #1 (permalink)
Lansdale, PA
 
Experience: Beginner
Platform: Tradingview, NT 8.0, TOS
Trading: Crude CL, Gold GC
 
Posts: 25 since Aug 2019
Thanks: 23 given, 42 received

Hey Guys,

so I've been doing some thinking here.. I keep hearing about how people need to keep there trading secrets close, because it can diminish the edge if many are exploiting it. This line doesn't sit right with me for many reasons.

Like for Example..

The Opening Breakout... If many people have an order to buy, it would amplify that trade even more. The more individuals/systems that would use it, the better the result would be in the trade..

If I share my method with multiple people, how exactly does it diminish my edge.

Some thoughts are individuals possibly front running me, but I would still enter the trade. It is possible that I would have to decrease the size of my trade to accommodate the other entries, depending on the Market.


I don't think it is that cut and dry... Can anyone else tell me otherwise? I might be oblivious to it.

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  #2 (permalink)
New York City + NY/United States
 
 
Posts: 240 since Sep 2018
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I suppose if it is a widely used system, then stops can be more easily taken out.

Another possibility is if the system tells everyone to buy, but is actually wrong, then the price will very quickly rubberband in the opposite direction as algos quickly bring the price back in line with where it should be.

However overall I don't think sharing our discretionary screen trading methods here on this forum will have any negative impact, especially if it is on an extremely liquid high volume product like ES.


Reefunit View Post
Hey Guys,

so I've been doing some thinking here.. I keep hearing about how people need to keep there trading secrets close, because it can diminish the edge if many are exploiting it. This line doesn't sit right with me for many reasons.

Like for Example..

The Opening Breakout... If many people have an order to buy, it would amplify that trade even more. The more individuals/systems that would use it, the better the result would be in the trade..

If I share my method with multiple people, how exactly does it diminish my edge.

Some thoughts are individuals possibly front running me, but I would still enter the trade. It is possible that I would have to decrease the size of my trade to accommodate the other entries, depending on the Market.


I don't think it is that cut and dry... Can anyone else tell me otherwise? I might be oblivious to it.


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