Why would anyone post their strategy?

[Ditch]

Quote from rolegario:

Curious as to why someone would post the mechanics of their strategy on forums such as these. My first impulse, if I had a working system, would be to keep it under wraps since if too many traders found out about it, it would quickly dissipate the effects of the system.

My first impulse is, that you don't have a working system and that you don't understand the market.

 

[dgmodel]

Quote from rolegario:

Curious as to why someone would post the mechanics of their strategy on forums such as these. My first impulse, if I had a working system, would be to keep it under wraps since if too many traders found out about it, it would quickly dissipate the effects of the system.

posting on the forums who knows... but sharing strategies in real life... is for only one reason... OVERRIDE$~!

 

[hii a_ooiioo_a]

Do you think randyhorse really makes $10,000 a day?

 

[dgmodel]

i knew/know a few traders who make that in a day... so its not a unrealistic number... however who the hell randyhorse is and what his P&L is i do not care...

 

[hii a_ooiioo_a]

Have you found a new broker now? Are you at a prop firm, or trading from home?

 

[dgmodel]

long story short... i am still with the same place, offices have been closed, i am in the HQ main office... havent had time to act on anything or really look at new places however i have considered andover, and fnys. one of those will definately be my new home soon...

 

[hii a_ooiioo_a]

You're loyal, if nothing else!

 

[dgmodel]

lol... i was thinking a different term...

 

[catmango]

Quote from pretzel:

Ditch is right. Look at the response to my posting a system from a magazine (and to think that browsing elite trader is free).


pretzel

Maybe in most cases either ego or cynicism tend to overweigh any desire for a quick buck (particularly for more experienced traders). If someone were to post a successful mechanical system, the egotistical traders will discount it because they feel that their respective methodologies are better, and the cynical traders will discount it based on the results of this poll.

Plus, so many people post ideas on forums such as these (oftentimes with only anectodal evidence and no true hardcore backtesting), that it just becomes noise. Very rarely do I see someone post a detailed methodology along with any statistical backtesting results (including slippage, transaction costs, etc.) that truly back it up.

However, if a trader were to say "I found a system that yielded a 75% success rate and averaged 3%/day net of slippage and txn costs over the last three years. Attached are the detailed steps and my historical results" I'll bet a ton of people would be all over it like flies on sh*t!

 

[prox]

If they value the years of work, money lost, mental and physical stress that it took to develop a working system.. they wouldn't post it for free to a board of bickering fools.