News for hackers. Stuff that matters.

A comment on Using an automated day trader to generate income. Parent comment

Re:Using an automated day trader to generate income by steveplace on Monday December 08, 2008 @08:55PM (#390778)
Then you better not buy index funds. Those are basically trend-following systems over the long term.

And there is statistical data to back up that trend following does work.

[ Parent | on HN ]
Re:Using an automated day trader to generate income by jcl on Tuesday December 09, 2008 @09:52AM (#391315)
I think he means that there is no theoretical basis for a long-term system that claims to beat the indexes. Index funds don't, by definition.
[ Parent | on HN ]