Answer #1: Jack Schwager: "You mentioned that you've shared your trading methods with other traders. Aren't you concerned that revealing your approach could destroy its effectiveness as other people start to use it?" Linda Bradford Raschke: "I truly feel that I could give away all my secrets and it wouldn't make any difference. Most people can't control their emotions or follow a system. Also, most traders wouldn't follow my system, even if I gave them step-by-step instructions, because my approach wouldn't feel right to them. They wouldn't have the same confidence or comfort in the trading method as I do. But for argument's sake, let's say that showing my methods to other traders did eventually cause some of the patterns that I follow to change. If these patterns changed, new ones would be created, and I'm confident that I would find them." --From The New Market Wizards Answer #2: Plenty of professional, extremely successful traders do reveal their profitable strategies and continue to do so. For example, Dan Zanger's nightly newsletter shows charts with his picks, entry and exit points for the next day, along with explanations of how he arrived at those decisions. Trade the Markets does the same in their nightly newsletter with swing trades, and they post the last several years of their picks so you could backtest them. As others have mentioned, the Woodies strategies have been public for years. I have seen no evidence of strategies that were ruined by being made public (though it might exist). But clearly there is evidence of strategies that survived being made public.
profitable traders don't reveal. Wannabe traders or has been traders sell unprofitable crap to make money. Cut and dry, very simple, there are no exceptions.
Yes, but as the strategy becomes mainstream the edge becomes less and less profitable. Turtles and Trend following, LTCM's approach to hedging, Marty Schwartz talks about a bond/S&P approach that worked until it was copied by others. Markets become more efficient through the publication of working strategies. Things that worked 10 or 5 years ago do not work today, or they do not work as well. Good trading...
I find it quite comical when people present their own opinions as incontrovertible fact. It cracks me up. Thanks for the laugh. I trade the same methods others have traded for many years. The methods work the same today as they did 50 years ago. - Spydertrader
Tell me your methods spyder, or how much you will sell them for, or how much money you can manage? Or is it a secret?
no charge either? You could bottle and sell it on a website for 29.99/month with a money back guarantee. Free, profitable trading strategy for free on ET, who would have thought.