Malicious trolling and stalking

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tomorton said:
I don't care if someone copies what I do. It doesn't damage the strategy, it doesn't subtract from my gains.
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Scams in penny stocks show just the opposite. "Knowledge " is shared after the scammer bought a lot of stocks. When the stock starts to soar he sells. And almost always this scam works.
Post spectacular news on internet and all people start to react as they want to make quick money.

I trade solely the ES and my fills have to go quick (less then 1 minute). If a share my system, a lot of people will try to use the same minute to do exactly the same what I want to do. There will be in no time a big move and fills will go slow and be expensive. ES has a big volume but not all the time, so it can be a problem. Suppose 100 people want to use my shared system and they all want to buy 100 contracts, there will be a demand in 1 minute for 10,000 contracts. Don't tell me that this will never be a problem. My system does not only trade when volume is high, it trades when the price is right, no matter volume. But even if there would always be enough volume, why take that risk? I get nothing in return for that risk.
 
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Frederick Foresight said:
Are you sure you thought this through? Why is it that none of Schwager's market wizards, in any of the 4 books, disclosed any working strategies at the time of their interview? Don't you think that might have added a bit more value to the readers if it didn't bear any cost to the interviewees?
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That was an astute book marketing decision, rather than a strategy confidentiality issue. Anyway, so many successful traders of that calibre actually have disclosed their strategies, both before and since.

But I might be flattered you imply I'm in that peer group..........
 
schweiz said:
Scams in penny stocks show just the opposite. "Knowledge " is shared after the scammer bought a lot of stocks. When the stock starts to soar he sells. And almost always this scam works.
Post spectacular news on internet and all people start to react as they want to make quick money.

I trade solely the ES and my fills have to go quick (less then 1 minute). If a share my system, a lot of people will try to use the same minute to do exactly the same what I want to do. There will be in no time a big move and fills will go slow and be expensive. ES has a big volume but not all the time, so it can be a problem. Suppose 100 people want to use my shared system and they all want to buy 100 contracts, there will be a demand in 1 minute for 10,000 contracts. Don't tell me that this will never be a problem. My system does not only trade when volume is high, it trades when the price is right, no matter volume. But even if there would always be enough volume, why take that risk? I get nothing in return for that risk.
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I never trade penny stocks. I never trade intra-day.

The return on the risk of disclosing your strategy is a bunch of traders telling you where its going to go wrong and another bunch traders telling you how it could be made to work better. Both of which can be helpful.
 
tomorton said:
I never trade penny stocks. I never trade intra-day.

The return on the risk of disclosing your strategy is a bunch of traders telling you where its going to go wrong and another bunch traders telling you how it could be made to work better. Both of which can be helpful.
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You've never open/closed a position inside a day's trading session?
 
tomorton said:
He must have wanted to make Market Wizards different to every other trading book then on the shelves. Which he succeeded in doing.
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So if one of the interviewees wanted to disclose a working strategy in detail it would have cheapened the value of Schwager's Market Wizards "brand?"
 
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