*One of the key lessons in finance is that you can't make money doing what every...

ggruschow on June 17, 2010 | parent | context | favorite | on: Ask HN: Trading Algorithms

One of the key lessons in finance is that you can't make money doing what everyone else is doing.

This is only true in the long run, and not true for individuals. As a simple example, consider the practice of selling far OTM options.