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Re:Don't bet on the most likely winner by dannyw on Monday July 06, 2020 @06:17AM (#23746321)
Specifically, there is a style of investing called “trend following” or “momentum” where you literally just buy things that are going up, and sell things that are going down.

This works wonders and has been a constant source of factor alpha.

Re:Don't bet on the most likely winner by eru on Monday July 06, 2020 @07:22AM (#23746705)
They have been a reasonable source of alpha some of the time. But not a constant source all the time: trend following can badly go wrong.

And, of course, because so many people do trend following these days, trend following itself will work less well in future.

Re:Don't bet on the most likely winner by r_singh on Monday July 06, 2020 @11:51AM (#23749155)
Identifying these "things" (assuming you're talking about options/futures) and getting the timing right is the hard part.