Market Timing and Gambling

Posted by Michael Harris on September 26, 2020

Market timing has worked well in the U.S. stock market due to favorable properties of price series but the probability of ruin is much higher than most market timers estimate. Read the article with a Trend-Following subscription . . .

momentum risk of ruin

Michael Harris

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Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated performance results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Hypothetical trading results are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Market Timing and Gambling

Michael Harris

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Market Timing and Gambling

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Subscribe by email

Categories

Subscribe and receive a free book

CFTC RULE 4.41

Copyright Notice