FAQs Frequently Asked Questions
Q: Congratulations on writing a very memorable book, an all time classic. I have read several trading books over 10 years (though not as many as you)!
Yours is among the few "system" books.
You are aware that giving details of your setup can render it effectiveless as more people use it. You have mentioned it yourself in your interviews.
I am curious to know what thought process gave you the confidence to give out such details knowing fully well that they may become useless for both you and your readers once they are in public domain.
A: If you knew what else we have cooking in Dr. K's laboratory you would understand why we don't really concern ourselves with this sort of overthink. If pocket pivots stop working, then we find what does, but so far that is not the case. As well, it is doubtful that we have reached a critical mass of investors out there using pocket pivots. The O'Neil organization poo-poos the pocket pivot mostly because they didn't think of it, so they don't encourage the use of pocket pivots since it overshadows and improves upon O'Neil's statistically-bereft work. Hence the number of pocket pivot "users" is nowhere near the number of users who buy O'Neil-style base breakouts, and we know that buying standard breakouts still works. Markets evolve, and our techniques evolve with them, so we don't fear having to do our homework in order to stay ahead of the crowd.
|First published:||30 Dec 2010|
|Last updated:||30 Dec 2010|