Re: If Technical Analysis works, why isn\'t there a mutual fund for it?
The whole idea of predicting accurately poses large problems.
This is part of the thinking behind his comment.
JWH does not predict anything. He simply follows trends.
Most of this thread is about who has the more valid prediction model.
The need to be right (for example being right about a prediction) is a perennial snare that catches many 'traders' and 'investors' and empties their wallets.
It will be interesting to hear from some of the more experienced traders on this topic.
Predicting is not an essential task. What is essential is a willingness to follow a non-discretionary backtested method, long-term, based on expected value.
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