Hmm I thought widely traded markets were pretty efficient with regard to publicly available technical information like that. The thing is that if you’re using simple statistics like those, why not see how this would’ve performed on stocks traded 20 years ago? If they are successful on recent historical data, then why not quit one’s day job to raise a fund of many millions of dollars to trade on that basis?
There are people who do this, like Jeremy Grantham: https://en.wikipedia.org/wiki/Jeremy_Grantham . We get tips from him in part. The difficulty with retaining investors with this strategy is you will often miss out on big returns when markets are overvalued, like the US in the last few years.
Hmm I thought widely traded markets were pretty efficient with regard to publicly available technical information like that. The thing is that if you’re using simple statistics like those, why not see how this would’ve performed on stocks traded 20 years ago? If they are successful on recent historical data, then why not quit one’s day job to raise a fund of many millions of dollars to trade on that basis?
There are people who do this, like Jeremy Grantham: https://en.wikipedia.org/wiki/Jeremy_Grantham . We get tips from him in part. The difficulty with retaining investors with this strategy is you will often miss out on big returns when markets are overvalued, like the US in the last few years.