This Forum overtrades options

Discussion in 'Options' started by bwolinsky, Nov 9, 2011.

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  1. We've stopped trading our automated models that have $100 expectancy but infeasible in reality for the Sentinel 4 Trading Model with expectancies that average $600 per trade and we plan to trade ZC, CL, NQ, TF, PA, ZB, HE, and CC at various intervals but always as day trades.

    I don't plan on reporting a down month ever again, but it's kind of chilling with the problems I've had trying to duplicate my own original versions of this program with disastrous double digits losses around 20%.

    For these new programs the average monthly profit is around $40,000 in total so it should be something spectacular, but I know making mistakes is something to learn from but I feel like I had to trade with real money before I could finally drop my models for something a lot better even though it was my plan the whole time to do this I still wanted to know if my models were as great as the backtest showed and, no, it wasn't. I think we'll find success with Sentinel 4 and I would highly suggest it to anyone looking for a career in trading.

    We've discussed briefly white labelling the program, and as far as I can see it has worked for over a decade so it's out there for a limited number of subscribers but I don't know how limited or want to give any bottom line figures. I completely understand what this model is doing, and maybe finding out that backtests may be true that there's expectancy I think the reality of mine is not going to be anything like Sentinel 4.
     
    #481     Nov 27, 2011
  2. OK, I'll bite... wtf is Sentinel 4? A re-work of that MACD system that you were trying to sell?
     
    #482     Nov 27, 2011
  3. '
    Ha!

    Everyone knows who Bill Schamp is, and if you want to know, ask him.

    He's out of touch being banned from ET, but I don't think there has ever been a better trading program in this world than what he's got, and I built my entire CTA around his theories.

    Be humble, and maybe try to do your own networking. Reading the manual Price Physics Final Edition was truly an honor as his very last student.
     
    #483     Nov 27, 2011
  4. Proflogic? lol, that's priceless.
     
    #484     Nov 27, 2011
  5. He's probably worth 8 figures more than you, atticus, at least!

    Though I do think you're in the millions, you're dwarfed by him and what he's told me about his networth.
     
    #485     Nov 27, 2011
  6. Hey numbnuts, have you ever been to Lima, Ohio? The net-worth of the entire town is under 8-figures.
     
    #486     Nov 27, 2011
  7. Oh, so I'm looking at him in his gigantic custom house on a multiple acreage lot that he put on for his facade? Come on, atticus.

    I guess his pictures by an Escalade with Rims aren't real? Must have been somebody elses?

    It's Celina, Ohio. Rich people are everywhere.

    Next, you'll probably tell me Sentinel 4 is not a real trading program, when I've seen every kind of backtest and financial information you could possibly want to know about its trading and performance metrics.
     
    #487     Nov 28, 2011
  8. So bwol is now an amateur macro-economist and central banker, to boot... On top of all the other achievements. At any rate, I think I have had enough fun on this here thread. Best of luck to you, bwol, in all your various endeavors!

    atticus, I would humbly suggest you're wasting your time and advise you to stop...
     
    #488     Nov 28, 2011
  9. Well I'll be sorry to see you go, Martinghoul.

    I don't consider myself amateur at macroeconomics but not as high as some professionals who actually have that title so somewhere beyond but not quite expert, novice, more like. Which is to say knowledgable but nowhere near rank amateur.
     
    #489     Nov 28, 2011
  10. Why am I not surprised?

    And I won't even ask what title you might be referring to, 'cause I am sure I won't be able to deal w/ all the nonsense that will inevitably issue forth.
     
    #490     Nov 28, 2011
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