View Single Post
  #1 (permalink)  
Old 07-19-2008, 12:47 PM
Shootanappleoffmyhead's Avatar
Shootanappleoffmyhead Shootanappleoffmyhead is offline
Senior Member
 
Join Date: Jun 2008
Location: Chicago/Milwaukee
Posts: 201
Send a message via Skype™ to Shootanappleoffmyhead
Cool Should your trading knowledge be guarded as a Trade Secret?

Hey All,
What do you think about freely giving away knowledge that you have worked very hard and very long to attain. Do you believe that if more and more people know your strategy that it will eventually become obsolete if an increasing amount of people adopt it? I myself feel free to discuss the basics of my method but guard closely the real secrets in the sauce since that is my edge. I have heard that the more people use your same method the more competition you have and the less money you have the opportunity to make? So do you feel your trading knowledge should be guarded as a trade secret as to keep in check the amount of traders competing with you? Don't get me wrong, I know how good it feels to the ego to be the one discussing the system that consistently makes money, but what is good for your business? Would Apple Computers lift their patents just to show everyone the genius behind the design of the Macbook Air? Would publishing companies expel their copyrights just to provide everyone with a book everyone should read?

The original owner of The DeBeers diamond company was a success until others began to observe that success and attempt to do the same thing. Many new diamond mines were discovered by these copy cats and began production all because Mr. DeBeers demonstrated the legitimacy of the business. We can all imagine what happened to demand at this point. So he threw into action a plan to monopolize the industry and again manipulate supply so it could be in perfect harmony with demand, thereby garnering maximum monetary efficiency out of every diamond.

If we give away our trade secret there is no way to get it back... any thoughts?
Reply With Quote