Fooled by Randomness - Nassim Taleb

This quote was added by nkjdhf
If rational traders detect a pattern of stocks rising on Mondays, then, immediately such a pattern becomes detectable, it would be ironed out by people buying on Friday in anticipation of such an effect. There is no point searching for patterns that are available to everyone with a brokerage account; once detected, they would be self-canceling.

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kumagai 4 months, 3 weeks ago
Not really. Everyone is looking for different setups. And markets also move fractally across timeframes, so the setups are endless. You just have to know your edge.

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