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Most trading strategies are seasonal, or require specific economic setups, or look good with theoretical back testing, but never stand up to real-world markets. Why is this so? The reason is they have no definable edge, and they require that you look to the past to predict the future. The fact is, the past cannot predict the future, and without an edge, what the hell are you doing throwing good money into a casino?
By Ernie Varitimos4
4444 ratings
Most trading strategies are seasonal, or require specific economic setups, or look good with theoretical back testing, but never stand up to real-world markets. Why is this so? The reason is they have no definable edge, and they require that you look to the past to predict the future. The fact is, the past cannot predict the future, and without an edge, what the hell are you doing throwing good money into a casino?