Long short game

Discussion in 'Trading' started by nooby_mcnoob, Jan 17, 2020.

  1. Come on guys, one of you has to beat me.
     
    #41     Jan 18, 2020
  2. ironchef

    ironchef

    Your strategy is so simple and the result so good, why don't you do it with real money?
     
    #42     Jan 18, 2020
  3. Depends what you mean by "your strategy".

    If you mean the long-only strategy where we blindly buy every time, then... For obvious reasons I'm not going to do that :)

    If you mean the strategy I actually used, well... I always thought indexes are more pure but after running this test, I may be more interested in individual stocks.
     
    #43     Jan 18, 2020
  4. ironchef

    ironchef

    This:

    Why not? it is as if you do B&H but better?
     
    #44     Jan 18, 2020
  5. I'm not sure. The drawdowns were pretty spectacular. With my manual process (10 mill in 321 trades), drawdowns were much better behaved (rarely were they more than 20%). The main reason drawdowns are so bad with blindly going long is because the game puts 100% of your capital in the trade every time, which is OK by me.
     
    #45     Jan 18, 2020
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  6. schizo

    schizo

    Like I said at the outset, just go LONG and it's all good.

    BTW was there any charts from 2008-2009?
     
    #46     Jan 18, 2020
  7. ironchef

    ironchef

    :thumbsup::thumbsup::thumbsup:

    20% drawdown is nothing. I had > 70% drawdown in 2000-3, 2008-9, > 50% in 12-2018 yet I survived. :vomit:
     
    #47     Jan 18, 2020
  8. Did you try the game? How many trades did it take to get to 5/10 million?

    The point is if you want more (2x) in less time (half?) it is doable, at least according to this game. I suspect you have to ruthlessly filter the stocks you trade though. Obviously, I've never traded the strategy that I played the game with. I've just been watching a lot of YouTube videos with people who analyze charts and applied that.

    As for data, it went back to 2000. But it does have survivorship bias which is the only thing I don't like about it. That being said, there were a couple of penny stocks in there which I avoided trading!
     
    #48     Jan 18, 2020
  9. I don't want to survive otherwise I'd just go work at FAANG though I have replied to each one of their recruiters with some version of the following:

    Your interview processes are terrible and I do not wish to subject myself to them, thereby justifying the continuing idiocy.

    Somehow, they still keep nagging me.
     
    #49     Jan 18, 2020
  10. ironchef

    ironchef

    I skipped the second word: Survived and thrived. :D
     
    #50     Jan 18, 2020
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