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Riffraffpatrol
Registered: Feb 2011
Posts: 236 |
04-14-12 03:10 PM
Quote from MushinSeeker:
Riffraffpatrol, using the same observed price decay, would you do the opposite and sell the front on Monday anchored with a back month for margin purposes and gamma protection and cover it when the decay slows down on thrusday?
This would present a better alternative for the trader type who prefers 15 winners overcoming 5 big losers (short juice) vs. 15 small losers being overcome by 5 big winners (long juice). I am of the former type.
Augen gets into simllar strategy on the short side in his books.
Sounds decent...u have a handle on things relative to your style of trading.
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TskTsk
Registered: Dec 2011
Posts: 343 |
04-14-12 05:58 PM
Quote from Riffraffpatrol:
Lol u r a piece of work.
Of course I've read them!
Look-- if u want to know more...pay your dues like I have... get his books and read them. Then put the time in and rack up the screen time for empirical first hand experience on how these perform.
I've spent enuff time on this subject here and have already shared plenty. Time for you to pony up and get to work if u wanna pursue this further. Good luck.
Don't get me wrong, I love buying books as much as the next guy. But before I buy something, I usually want to see some results. Is that too much to ask? I want to see at least ONE person who has implemented his ideas and can PROVE that they work. You said yourself the strategies are straight-forward to implement, with little room for subjectivity, so it's not like there is room for "secrets" anywhere.
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traderlux
Registered: Aug 2009
Posts: 620 |
04-14-12 06:26 PM
Quote from TskTsk:
Don't get me wrong, I love buying books as much as the next guy. But before I buy something, I usually want to see some results. Is that too much to ask? I want to see at least ONE person who has implemented his ideas and can PROVE that they work. You said yourself the strategies are straight-forward to implement, with little room for subjectivity, and that they are all explained in his book, so it's not like there is room for "secrets" anywhere.
tsk,
i have several of augens books and they are not easy reads, however the guy is good when it comes to end of life option trading.
i have been to several webinars where he has presented and he continually refines his ideas.
he has published a number of articles for SFO magazine which you can get for free on-line if you register.
also he completely blows away conventional t/a and uses tick charts and some other phase indicators he has developed.
regards
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sle
Registered: Apr 2003
Posts: 1609 |
04-14-12 06:30 PM
Quote from TskTsk:
.such subjective things can be difficult to run statistics on because its hard to quantify
Actually, there is a fair number of reliable statistical studies you can do to detect short-date opportunities (not really intra-day, but e.g. pre-expiration or pre-event). The key difference is not to get hung up on a small subset of names, but scan across a large universe of stocks.
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Riffraffpatrol
Registered: Feb 2011
Posts: 236 |
04-14-12 06:45 PM
Quote from TskTsk:
Don't get me wrong, I love buying books as much as the next guy. But before I buy something, I usually want to see some results. Is that too much to ask? I want to see at least ONE person who has implemented his ideas and can PROVE that they work. You said yourself the strategies are straight-forward to implement, with little room for subjectivity, so it's not like there is room for "secrets" anywhere.
Yep too much. Sorry tsk-- my time is money and I'm not interested in taking it any further on the subject.
There are stats in his books-- that will get u started.
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TskTsk
Registered: Dec 2011
Posts: 343 |
04-14-12 07:23 PM
Quote from traderlux:
tsk,
i have several of augens books and they are not easy reads, however the guy is good when it comes to end of life option trading.
i have been to several webinars where he has presented and he continually refines his ideas.
he has published a number of articles for SFO magazine which you can get for free on-line if you register.
also he completely blows away conventional t/a and uses tick charts and some other phase indicators he has developed.
regards
Lots of people write for SFO and have their own webinars. Tick charts and phase indicators as well, it's not exactly magic...and many people make their own indicators these days. Look, I'm not doubting that his work has some value, I'm sure it does. The question is just how much.
Quote from sle:
Actually, there is a fair number of reliable statistical studies you can do to detect short-date opportunities (not really intra-day, but e.g. pre-expiration or pre-event). The key difference is not to get hung up on a small subset of names, but scan across a large universe of stocks.
Well sure, many opportunities can be quantified and scanned for with some work. However I still think opportunities based on support/resistance, channels etc. are too subjective to be reliable. That's just me though.
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