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Agreed,But you should know the theoretical max...and it doesnt matter if its you turn it into a diagonol or you roll..That is a new bet....what is great about calenders is you can really apx your risk reward,with a little slippage for vega... BTW,i will guarantee you that if you roll when...

Rich,as I am sure you know,when you are long a calender spread you are generally, Long Vega Short Gamma Short theta Apx Delta flat And have risk only up to the debit of the spread As i said generally,i am assuming the strikes of both options are close to ATM,and the spread is not a...

I do use AIQ software,and I can promise you dans success has nothing to do with AIQ...Dont misunderstand what i am saying..AIQ is a great program,but its charting capabilities is average at best,and their strength is creating stock,group,sector relationships and being able to backtest them...

Oh,that explains your position!!!! I was a bit confused as the original poster bought the 77% of spot put.hes clearly VERRRRRY bearish,so a calender wouldnt work too well for him

If you are really bearish on XLE,i would not be buying a moderately bearish time spread which will get you long on the way down. If you feel the need to offset the premium on your Dec puts,sell .5 of the Sep options.... I understand what you are trying to do,but why would you trade a...

I agree with your assessment.i think systems have a fairly short shelf life,and in the long run system trading is a zero sum game. However,I think everyone backtests in one manner or another,whether it be visually or with computer.In a sense,all you can do in an uncertain world is try to...

I have not read the entire article,but I am the ex head trader of equity derivatives at a major investment bank and have "insight" into what it is that generates the $$$$ Let me clarify the edge that investment banks have.. Captive CUSTOMERS FLOW TECHNOLOGY I can assure you that...

Interesting....But if you find backtesting of little to no use,than what is it that you could possibly find useful.Every form of technical analysis from Gann-Elliot-Edwards/Macgee-Wycoff is visually(and imprudently) backtested at a minimum,and clearly fundamental data has been rigouously...

one would think with a user name of vital-statistix you would find some value to backtesting..... Perhaps alittle clarity wouldhelp... Do you make a distinction between trading systems and backtesting??? I find it hard to believe you would think there is no value to backtesting and...

Care to elaborate why you feel 99% of all backtesting is useless?? Not agreeing/disagreeing,but would like to hear your thoughts

Don,if a new trader surrounded himself with many here on ET,he would quickly find that " those who can,trade,and those who cant post on ET" None the less,the advice is top notch..and free!!!!!!!!!!!!!!!!

I think we all root for the underdog,and i am willing to bet 90% of the humanitarians giving advice are NOT making a living at trading.. I will speak for myself...I am the ex head trader of equity dreivatives as well as emerging market derivatives at a MAJOR investment bank. Fortunately,I...

I think if you read between the lines,the poster was day trading and isolating himself in front of a screen,most likely in his own house.... If thats what you are doing and knocking the cover off the ball,thats great..But if you are earning sub t-bill rates or less than buy and hold,he is...

The simple reason most people fail at trading is due to the fact their are NO barriers to entry..... Most people naively take advantage of this and simply do not treat trading as they would another potentially highly lucrative field... They fully comprehend that Lawyers attend 3 years of...

Bert,the last 2 posts are the reality of trading for a living.... I will promise you that 99% of the people who attempt to make a career of trading fail.Its a very very long road,and there are no shortcuts. i dont know where you live,but if it is one of the major cities,why dont you seek...

Bert,do yourself a favor and save yourself years of aggravation.Get a decent software package that is inexpensive.Amibroker is cery good and it costs 249 dollars.You can download EOD data for free.... The backtester is pretty simple.You can test all your rules,and if you cant code them,just...

Bert,it seems like you respond much better to the "philosophical" questions,but when pose with.. I assume you are trading equities?? What duration,and what time frame?? How extensively have you backtested your "belieifs"?? What are you benchmarking your trading against?? can you...

Bert,i was merely trying to get you to see that most of your statements were based off your belief systems,and i am not sure where or how you formulated your opionions... Excuse me as I have not gone thru the 20 someodd pages,but what is the foundation of your work based on? I assume you...

Bert,take a look at what you just sent me....In particular... "You didnt believe" " I liked the visual and short term clarity" "I believed I could trade off" "Seemed to have reasonable reliabilty" Do you really think you gave yourself a fair chance to succeed??

Great post!!!!!!!!!!!!!!! Bert,jack is leading you down the path....You have no idea how far ahead of the game you are by being self reflective,and admitting to yourself that something is wrong.... Read jacks last paragraph,and take it to heart....I am telling you that there is a...