I haven't read anything on this topic, but I have observed that when you have an edge, or strategy that is consistently profitable, it seems that the larger the profit expectancy, the less often the opportunity appears. ie opportunities with a profit expectancy of .02 appear more often than ones with expectancy of .50, and the market provides only so many opportunities.
So what do you have for strategies with very small profit expectancies (less than .02 per share) that can be applied many times during the day.
So what do you have for strategies with very small profit expectancies (less than .02 per share) that can be applied many times during the day.
