Contrary Opinion

  • March 7, 2002
  • Perry J. Kaufman


Contrary opinion alone is not meant to signal a new entry into a position;
it only identifies situations that qualify. It lacks the timing. It is more of
a filter than a trading system, a means of avoiding risk and finding an
opportunity.

–-Perry J. Kaufman, from

Trading Systems and Methods, 3rd edition (1998,
John Wiley & Sons, New York).