“Rather than chasing profit from being a con artist, head toward those who bend” (A saying from the Edo period market).
These are Edo period market adages,
the meanings are as follows.
Do not chase the person who has been right all along (the hard hitter).
Rather, go in the opposite direction of the person who has constantly been wrong (the one who bends).
Is this what you’d call the “reverse deity”?
It feels a bit cruel, doesn’t it?
For the always-wrong person, due to cognitive biases,
there might be a consistency in losing (laugh).
That may be one of the few reliable rules in this uncertain sea of markets.
If the crooked-person’s behavior can be turned into an EA or an indicator,
that would be useful, wouldn’t it.
Enter in the opposite direction when a signal appears,
and if the crooked person can’t endure and closes the position,
close the position at the same time.
No, wait a minute...
Are I perhaps becoming the crooked person myself...
If I think it’s a buy, I’ll take the courage and try selling (laugh).
Well then, until next time.