A-R A N D O M-R A N T

One thing I find funny about trading books is that they give you an idea and
then find the perfect scenario to show you a chart of. What the authors fail to
tell you is that they probably looked at another 20 different spots where the
strategy failed on the chart. But because they found one good one, it’s good
enough to be in a book. It’s like a sports handicapper sending 50 people a free
pick saying the New York Giants will beat the spread over the Dallas Cowboys
this Sunday and then sending a different free pick to 50 other people stating the
Dallas Cowboys will win. If the Giants win, he then e-mails 25 of the 50 people
whom he told the Giants would win and tells them the Miami Dolphins will beat
the spread over the Buffalo Bills the next weekend. Meanwhile, he tells the other
25 people that the Bills will win. After the Bills win, he tells 12 of those people
that the New York Jets will beat the spread over the Chicago Bears on week 3,
and 13 people get told that the Bears will win. He keeps doing this for another
week or two until he has given a few people 5 consecutive winning bets. He then sends them an e-mail and says if you would like to receive more great picks,
sign up for my service at $500 a week. These remaining people should be quite
impressed with his picks so they may sign up, even though in reality he was
wrong at least once to 97 other people. So just take what you see in books with
a grain of salt. You may see the perfect scenario in a chart to prove a point and
make it look great, when in reality it may have taken quite a bit of time looking
for the right chart to prove that point.