This system has one loss per 5364 trades

Discussion in 'Strategy Building' started by 1a2b3cppp, Feb 17, 2018.

  1. kevinkdog

    kevinkdog

    Thanks for question, I don't want to hijack this thread, so I moved your question here: https://www.elitetrader.com/et/threads/anyone-here-took-daveys-course.317280/

    Thanks!
     
    #21     Feb 18, 2018
    Slartibartfast likes this.
  2. Handle123

    Handle123

    Risk management adding options gives completely different percentages. I think after trade of reward to risk matters more than percentages.
     
    #22     Feb 18, 2018
    ironchef likes this.
  3. %%
    That or it means it needs to be traded in real time , with real money.:D:D[One loss + >5000 wins system ad ]
     
    #23     Feb 20, 2018
  4. where can I read something about this? do you have a reference?
     
    #24     May 15, 2018
  5. https://www.realclearmarkets.com/ar..._another_too-good-to-be-true_story_97309.html


    Dykstra advised almost exclusively buying deep-in-the-money call options which give a holder the right to purchase a certain number of shares of stock at a certain price (the strike price) by a certain date (set forth in the options contract). The strike price of a deep-in-the-money option is well below that of the actual price of the stock, which is why it's called in-the-money. Since these options contracts sell for considerably less than the actual price of a share of the stock, Dykstra promoted this strategy as a way for small investors (presumably his audience) to "control" significant blocks of stock and limit their risk. Dykstra advocated exercising these options quickly, on small moves upward in the stock, often booking as little as $1,000 profits on a position. His strategy was to build up lots of little wins.

    Dykstra has claimed that his system had picked 99 winners to just 1 loser, but Comeau points out that because options contracts remain open until you exercise them or they expire, Dykstra was sitting with lots of potential money-losers that he wasn't counting as bad bets-sort of like not adding up the losses on stocks you've purchased unless you sell them.”
     
    #25     May 15, 2018
  6. Humpy

    Humpy

    My forex broker charges me for every overnight position.
    These can quickly add up on a prolongued drawdown.
     
    #26     May 16, 2018
  7. thx a lot for sharing this information this sounds realy great!! i tried this strategy...but there is a high rish that you get stucked when the market goes down.

    But would it be possible to use some indicators to avoid getting stucked? What it is necessary here is an indicator (or a couple of them) that shows for sure an rise of the price for one or two minutes in order to avoid of getting stucked. Any ideas on this? Has somebody tried this?
     
    #27     May 16, 2018
  8. i think TETHER USD could be a good option
     
    #28     May 17, 2018