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by btilly
1058 days ago
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If some version of TA worked, then as soon as enough traders adopt that version of TA, it would stop working. That is not to say that no versions of TA will work. After all Long Term Capital made a fortune on reversion to the mean...right until they went bankrupt. (And then their portfolio went on to make a fortune again. Too bad they were insolvent.) But it will only continue to work if the trading strategy is not widely known, or comes with trading risks. |
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