This is the second or third suggestion about modifying the EXITS to gain an edge. Anybody up to the actual objective task?. The fourth conclusion is that one needs not wait a full day to toss a coin, and one could actually toss the coin in any shorter or longer timeframe (down to seconds or up to decades or centuries. The DOUCHE even suggested going long in 1875 and hold), thereby increasing or decreasing the frequency of opportunity, that is...if one can gain an edge over commissions and slippage. 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.
I'm very happy that there is more than one person laughing at all of this on a consistent basis. (I'll take your word for it). My daughter was busy yesterday after your post was made. I'll try to coerce her to do "this fun painting" this afternoon, but she gets bored very quickly, and I am a very poor translator.
Maybe Seykota's size has become too big for the 5 minute chart and what he says is true for him, trading in short timeframes is a waste of time for him, like Warren Buffett playing penny-ante poker?. Maybe not, and he is just an old fart that made money once upon a time and now likes to play the banjo. Plenty of examples around of people that made millions, even hundreds of millions, only to lose it all after their edge vanished and they insisted with their non-edge.
This is objectively testable. Maybe even codable. Anyone up to the task to prove that it is profitable?. Maybe the Trader that bought 666 and is skilled with Montecarlo?. 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.
I like your emotion-liquidity hunting. Are there other parts of the day when this herding phenomenon presents itself?. My gut feeling is that those moments offer good coin tossing potential for profits. I can't prove it, but maybe you can?
Today I want to introduce an amazing psychological phenomenon that repeats consistently. Perhaps someone will find a way to exploit it for profit, or perhaps not. Here it goes: Have you noticed that on days that have at least one large directional move, the number of people claiming or bragging that they caught such move, (or that they pyramided into it, or that they "doubled up" or that they broke their rules on their stop (on the previous wiggle before the big move), or that they mortgaged their grandmother's castle to buy options in the direction of the move, etc, etc, etc, etc ad infinitum) goes up exponentially (in this and other forums) over the so-so days that chop around?. Obviously a large amount of these claims are plain lies (since only a minority wins this tough negative-sum game), and beg the question: Would the move actually occur if all these pathological liars (that routinely lie to themselves and others) had an ACTUAL position in the direction of their claims?. Or is it more likely that they were caught in the wrong side of the move, or at least they were left empty handed?. Why do they keep doing this repetitive behaviour?. Do they seek acceptance from themselves and others?. Are they in the market to make money or to gain friends and family to their pathetic cause?. Or is there a more fundamental force at work that keeps repeating itself?. I'll throw it out there for discussion, and possible exploitation. Remember that: 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.
none of the above. At best they are on a SIM, but most likely they do nothing at all and therefore they avoid facing the brutal reality of either being right or wrong. The tradgedy of this game is there are no shadows within which to hide and no one to blame but our self. What a bitch sosueme
Barring a major unforeseen cosmic event, the sun's expected to rise almost 2 trillion times before it becomes a red giant and engulfs earth. So for practical purposes, YES, you would be right 50% of the time. What's your point?
So you say that they were left empty handed and bragging about catching, doubling up, etc, etc?. That would make sense, since the ones that caught the wrong side of the move would be too depressed to brag. Would you agree?.