This is just an expression. I thought it was just a little joke - its a slightly self-mocking saying if anything.
I think Overnight doesn't like the mental image of SimpleMeLike's black (male) ass. Now if SimpleMeLike was a hot female, mentionings of her hot ass might cause less offense. But chances are it would all be fake, like Xela was.
Maye its just that any mention of a person's skin colour now, even in a self-deprecating and humourous way, is just too sensitive for some tastes. Ah, Xela. The sad part is I was starting to fancy her....... (as we used to say when I was at school)
haha,,I wish I had one ,I wish . I was just curious about the technical aspect of it. If it was really possible to remove the opportunity by sharing what really works. And I do get that ppl don't want to share smt they worked on for many years. But some people say they don't wanna share it bc they think it would just stop working . And as some said any arbitrage would quickly disappear. I have a friend who found an arbitrage at a sports betting site and that opportunity disappeared after about 6month when the owner realized someone was making more money then they statistically should have had. And he didn't share it even with his own mother. So it is definitely true for any money making arbitrage in any industry.
You are correct that since trend following is already well known, sharing it just once more probably makes no difference. That doesn't mean that trend following can't get overcrowded though, and a look at trendfollowing returns over the last decade suggests this may have been the case for a while. Trend following works because of underreaction to fundamental information. Once the strategy gets overcrowded, that underreaction turns into overreaction, and instead of helping adjust prices to their proper value the abitrageurs will start driving values beyond fair value (bubbles) which inevitably produces losses.
Hello Overnight, I know what you need buddy. I know exactly what you need. Try this. I need you to logoff of ET for about 15 minutes, watch this video below, have a good time, get a cup of ice water, and "release" OR smile. Matter of fact, see you in 15 minutes, I be back. I will do the same.
Hello john7722, If I find a verifiable edge in trading that I can scale up X to YYY contracts and make $XXX,XXX to $ZZ,ZZZ,ZZZ over the next 1 to 10 years, I will be the most STUPIDEST person EVER on the planet to ever share with anyone. One more time with great emphasis, If I find a verifiable edge in trading that I can scale up X to YYY contracts and make $XXX,XXX to $ZZ,ZZZ,ZZZ over the next 1 to 10 years, I will be the most STUPIDEST person EVER on the planet to ever share with anyone.
Wall Street = White Supremacy @SimpleMeLike, I think you should be proud of your black trader ass and mention it more often