Quote from arealpissedgoy:
Some strategies when shared, multiply in efficacy ( example, fading volatility on higher time frames).
Other strategies will lose efficacy when shared ( example, trading market micro structures on lower time frames )
Based on my experience, the best traders usually focus on the trading strategies that fit their core personality. Therefore, effective strategy transference is negated if the transferee is of a dissimilar personality type.
You bring up three points directly and one other by inference.
All are interesting and may or may not have merit.
There is one thing for sure about the human aspect of you comments. The WSJ addressed trhis unknowingly on Friday 19JAN07.
from my personal experience, on any fractal and in any market, people wind up going in one of two directions as a consequence of one thing: continued mental effort. It is one of those perfect storm types of things.
Many people in ET have recognized what I speak of regarding each fork that provides the two directions.
I call one strong and persistent work to learn one of my methods or any good or great method.
The other is just as productive and it goes in another direction. It is a strong and persistent "work" to refute my methods or refute specific aspects of market trading (TA for example).
Two identical mental activities that lead permanently in opposite directions. It is so cool to observe, literally, over the years. One result is wealth and the other is a devistating mental state that is pervasive.
The book of interest is: Train Your Mind, Change Your Brain: How a New Science Reveals Our Extraordinary Power to transform Ourselves By Sharon Begley.
What is so spectacularly neat is how a proof comes into being right here on ET from two distinct paths going in opposite directions. Very tough shit for the B people and really exciting for the A people.
The subject is neuro plasticity. For those of you coming into the realm of sports memory that I have described, this is the underlying topic. For the out of control detractors, you see that they are triggered automatically to perform over and over what their strong and persistent "work" has precipitated in building their mental state. In either case it is impossible to stop hitting T to make money almost automatically or to hit Reply to spout off some banal remark that has already been stated ad nauseum.
2007 is coming to an end and for sure some wealthy A people will continue to pay it forward and the B people will continue to "work" at their banality.
Viva!!! neuroplasticity. Now everyone see's why passing it forward is so personally valuable.
Your comments on how the market works, I feel are only accurate if the impact is significant and the person is entering/exiting. for those using a timely reversal strategy it is always a case of positions being "pushed" by the herd.
