What a stupid study

Discussion in 'Trading' started by wxytrader, Mar 29, 2024.

  1. Oh I actually have a car where it's the only one in Canada. I think... there used to be one in Quebec but got sold.
     
    #31     Mar 29, 2024
  2. SunTrader

    SunTrader

    Lucky you hehe
     
    #32     Mar 29, 2024
  3. Brokers in the back rubbing their hands together after watching this type of content.
     
    #33     Mar 29, 2024
  4. deaddog

    deaddog

    Where are you? Maybe one of us could drop by and take a look
     
    #34     Mar 29, 2024
    taowave likes this.
  5. taowave

    taowave

    Dont be suprised if its a vintage Pacer or Gremlin..

    He strikes me as an AMC sort of fellow


     
    #35     Mar 29, 2024
  6. Why would a broker like me? I don't spend a lot in fees, and I don't get pushed out of positions.
     
    #36     Mar 29, 2024
    benjamincohen177 likes this.
  7. You almost lost me at the stop loss and gambling thing, but you had me back with the example in the end, nice one. I actually agree.
     
    #37     Mar 29, 2024
  8. More often than not this doesn't happen though. You are stating that in a small % of incidences you will lose substantial amounts more than you would have profited if your limit hit on the upside. That's true, but most often this isnt the case.

    Stop losses are effective because they reduce your risk of ruin, not because for any given trade they are necessarily more profitable. Meaning, your profile over 1 million scenarios is likely hurt from stops, BUT as we can't average 1 million scenarios stop losses make sense for those times the above graph plays out.

    I'm not disagreeing with you, just making the point that stop losses don't necessarily increase overall profits just reduce our risk in situations like you highlight above.
     
    #38     Mar 29, 2024
  9. Stop losses is gambling. You have placed an order to buy a stock that you have no interest in owning. It basically boils down to that. All the day traders getting in and out of trades racking up losses and fees could be done with one swing trade. The PDT is a good thing because it saves you from yourselves.
     
    #39     Mar 29, 2024
  10. taowave

    taowave

    Instead of trolling with zero substance,why dont you run a backtest?

    Present something with some performance,risk reward, metrics.

    You arent here to replace Quanto




     
    Last edited: Mar 29, 2024
    #40     Mar 29, 2024
    SunTrader likes this.