Reality based coin-tosser method that beats 95% of traders in the world.

Discussion in 'Strategy Building' started by Whisky, Oct 16, 2009.

  1. Badoit

    Badoit

    what, you call up their desk to find out whether you were right or not?
     
    #241     Oct 20, 2009
  2. Badoit

    Badoit

    You will have to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.




    Can you stop that now? The thread is already like 40 pages long and you're still saying the same thing to each and every idea
     
    #242     Oct 20, 2009
  3. Whisky

    Whisky

    No. I just look at the losers getting out. Sometimes I get out as a loser too, hopefully faster than most, but still working on it.
     
    #243     Oct 20, 2009
  4. Whisky

    Whisky

    Not every idea. Only to the ones that are messy, convoluted to prove or plain lies, which yes are more than 95% of the total.

    Your anger and frustration with reality based thinking shows that you are also not satisfied, at some level. Welcome to the club.
     
    #244     Oct 20, 2009
  5. Whisky,

    Try averaging down while hedging with an option (gamma scalping). The only problem is the cost of the option. The problem is that a big move would be needed to offset the cost of the option. Perhaps the gamma scalping will help to pay for the cost fo the option. However, sometimes gamma scalping causes lost revenue opportunities.

    Another method is to pay for the option si to sell an option on the other side (i.e. collar). The problem with a collar is that you won't make money if the market goes in the direction of the short option.

    What can I say... no free lunch!!!!
     
    #245     Oct 20, 2009
  6. Whisky

    Whisky

    Let's stick to ES futures for now. Options are, in my experience, a whole new can of worms, with an exponentially higher number of lies and bullshit to cut through. Also the bid-ask spread and slippage and lack of liquidity introduce costs that are much higher to overcome.

    If you want to start an options thread in the spirit of this ES futures thread, you can post a link here.

    In any case:

    You will have to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.
     
    #246     Oct 20, 2009
  7. Badoit

    Badoit

    Unless you have some way to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.... why don't you sh!t or get off the pot.
     
    #247     Oct 20, 2009
  8. Whisky

    Whisky

    So... I told you already how to beat 95% of traders in the world, including probably (95% odds) your own current method, and now you are angry at me for not showing you how to beat the other 5%?.

    I'd say you are an ungrateful bastard, but I don't intend to prove it, you might be just frustrated at your own results. Welcome to the club.
     
    #248     Oct 20, 2009
  9. Thorpe never made any money of significance in roulette except in his testing lab and his blackjack success took place in a time when there was a slight edge in card counting and the casino wasn't looking for it, so increased bets weren't suspicious.

    At any rate, your orignal question wasn't based on anything that will ever happen in the real world.
     
    #249     Oct 20, 2009
  10. Whisky

    Whisky

    That of course is an opinion that you will have to prove to yourself and others.
     
    #250     Oct 20, 2009