Hunting for Anomalies
We have spoken at length in our prior posts about how the Price Following mindset owes their fortunes to the outlier. This post justifies this assumption.
If you take the time to understand your trade history as a Price Follower, then you quickly realise how it is the unpredictable right tailed event that lays the foundation for your long term track record. As for the rest of your trade history……well that vast array of effectively random outcomes are the necessary results of the grind that occurs while you patiently wait for the unpredictable right tailed event.
Quidquid latine dictum, altum videtur