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Correct me if I'm wrong, but isn't momentum a well-known and fairly tried-and-tested strategy, and hasn't it greatly outperformed value over the past decade or
by dash2 6y ago
Correct me if I'm wrong, but isn't momentum a well-known and fairly tried-and-tested strategy, and hasn't it greatly outperformed value over the past decade or two? Doesn't mean it will keep working forever, of course.
- burnthrow 6y agoMomentum trading is a specific TA approach which I seriously doubt parent knows about. It doesn't sound like identifying "Momentum driven companies" (wut) but specific technical signals. More likely they have $1000 in RobinHood and their "big loss" was $200, so this entire thread is pointless.
- blantonl 6y agoOP here: My options trading account is well into 7 figures, and I do a tremendous amount of selling premium and wheel strategies on quite a few stocks, in addition to momentum trading. Careful on the investment lectures.
- dash2 6y agoHave you made that money in bad times as well as good though? Plenty of people posting gain porn for 2020, but they may not be the next Warren Buffett....
- CarelessExpert 6y ago> Correct me if I'm wrong, but isn't momentum a well-known and fairly tried-and-tested strategy, and hasn't it greatly outperformed value over the past decade or two? If that was true everyone would be doing it, and then the advantage would go away. In short: if you think there's a "tried-and-tested strategy" that outperforms over anything but the short-term, then you either reject the efficient markets hypothesis--which would be pretty remarkable--or you don't understand it.