I was referring to BJ, which is different to coin flipping I admit. I was trying to point out that a cycle of events (either winning or losing) can not be indefinite and if you only use 1 strategy then you should have certain probabilities on when it ought to end which is based on previous performance. I did mention that it is not a viable strategy in BJ, it was just a comparison
"Those comments you so ignorantly weighed in on are simply a writing tool known as a parallelism." LOL! You can couch your statement however you want - the point remains, it still has no relevance to anything being discussed here. Two cents is about all its worth, if that... Have a great day
Correct me if I am mistaken, but didn't the guru double down the other day on a losing trade while leaving the original stop in place which then put the average position price 20+ points away from the stop? st
Did you just insult me?!!! And after I have been so nice to you!!! LOL!!!! His market direction isn't any better than his entries/exits. Nonetheless, I don't have any "wish" regarding the self-proclaimed guru, I just simply expose him and his minions for what they are. That said, he is either sulking and seeking pitty, or he could be grandstanding for his next move. Zig Zigler teaches that if you want to close the deal, take the deal away from the buyer. If someone is led to believe they can no longer have an item, they want it even more. Point in case, "oh please oscar (not his real name), don't quit giving us your great calls," please oscar, we need you," please oscar, don't shut us out," etc., etc. And then, with a smirk, oscar (not his real name) says, "well, ok.....but I'm going to have to start charging those who want my calls so we can keep the riff raff out of here." And with glee, the koolaid drinkers line up with money in hand bowing at the charlatans feet. It seems oscar (not his real name) may be beginning to realize he simply can't trade worth a damn. And yet, the bill collectors are still hovering over him, the hedge fund idea is not working out, so on to Plan B, subscribers. Time will tell. Oscar, (not his real name) is arrogant, has a huge ego, and is quite full of himself. Not a good recipe for success. His days answering phones on the floor does not automatically give him the credentials to trade electronically or risk other peoples money. Yet that is his only claim to fame, even though the success rate of floor traders making the transition is minuscule at best. He should have disclosed the truth about his lack of a trading record and background instead of the smoke and mirror dog and pony show of deceit. I liken him to the "doctors" wearing lab coats on the penis enlargement/weight loss infomercials. Oscar (not his real name), wears a floor coat in his theatrical performances for the same reason, to give the perception of being credible when there is no credible substance behind the product. Enough said. st
He did in fact. That's one of those rules I mentioned. Very rookie mistake; double down when _clearly_ a reversal of position was called for. I was long large at that time and I just smiled as he took the full stop up the poop shoot. I guess he stuck to his guns, that time.
Ouch!!!! It seems as if he is trading scared. I know I've been there, and I see many of the same symptoms in his calls as of late. On one hand, I feel sorry for the naive who stumble onto his site. There is simply no way they are not going to lose their money following his calls verbatim. Then, on the other hand, a fool and their money are soon parted, and no matter what they hear from other experienced traders, they only believe what they want to believe, regardless of the evidence put before them. In that sense, they deserve what that they reap. It's still sad though. Notice how quiet the koolaid drinkers are when they have a losing streak, but let the "champ" get the 1-2 point occasional win, and they come out of the woodwork with pom-poms in hand screaming how great their hero is. And whenever anyone points out the obvious, they immediately start with the "your jealous, you are not a trader, where are your calls, yadda, yadda, yadda, fictitious rhetoric as if that somehow eradicates the facts as presented. No doubt, after witnessing those minions at play, the dumbing down of America is nearly complete. st
To date, using S&P futures for a 9:30-4pm EST trading day (I avoid last 15 minutes), and using all OMNI signals since beginning of Jan (without the entry/exit information) has yielded the following S&P point returns through yesterday: Average market: 0.65 daily since OMNI started Long OMNI calls: +1.4 daily (exceeds average day (up) by 0.75) Short OMNI calls: -0.24 daily (exceeds average day (down) by 0.89) So your assessment is incorrect.
Maybe yes, maybe no. FWIW, I kinda like the guy; or should I say, I get a good vibe from his videos most times. However, here's a point. I once had a winning streak that was 92 days long. That is, I did not have a losing day until the 93rd market day after my last losing day. This was quite amazing to me, and yet chance cannot be ruled out. Without running the numbers I cannot say, but the fact is there was a large updraft and that is significant to this analysis.