The Momentum Factor Is Real. Too Bad It Doesn't Work.

cvds16 said:
nobody in their sane mind ever publicizes anything of real value ... while that does not mean some things work like gold. They are just hard to find. some things for example needs tons of patience .... most people don't have that.
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Only a few times I've seen full working systems posted. Full backtestable, open-source, verifiable systems that is - not discretionary garbage, not to offend but discretionary is impossible to be verified by other people.
They stop working within a few years, arbed out of existence.
 
Even after all these years your knowledge is so little. Start to look at naked price action charts in all sort of tf's and you might get it in the end ... maybe ....
 
I have a system on the Nasdaq going back 50 years since the start of it. At 2 times leverage this would give me 24% per annum. This all with very reasonable drawdowns (the most was about 13% as far as I remember. However I would never trade it ... it's most likely a fluke. It works on Dow too (I went back to backtesting till the start of it) and on Nikkei too. But I don't like the drawdowns anymore or the end results. The nikkei for example gave me unleveraged about 8% per annum but the drawdowns went to about 20% several times. No stuff for me ...I got way bette stuff now.
 
Maverick2608 said:
Agree. And those who do come up with things that work like gold do not take other people's money. Renaissance's flagship Medallion fund is one such example.
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You run other people’s money until you become capital constrained and you have enough internally to fill that capital constraint.
 
not that it's simple to find, it took me 14 years to learn how to daytrade and I am not quite there yet when I am unfocesed. And I have an IQ of over 130 Not sure if that's last thing a help. Used to help me as an option arb trader though.
 
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