Dest's "Trade Against a Pro" Trading Challenge

[Spectre2007]

I was grabbing coffee when the Trumptard tweet was posted. I am done with this experiment.

Lost >$15K on the tweet. Went from up $12K to down $3K on the week. I refuse to chase anything here.

2019 PNL at start of comp: $444,826.70
ending: $441,758.06
Loss of $3,068.04

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It sucks, but you have the ability to make more. Thank you for spending time to illustrate.

 

[Seaweed]

I was grabbing coffee when the Trumptard tweet was posted. I am done with this experiment.

Lost >$15K on the tweet. Went from up $12K to down $3K on the week. I refuse to chase anything here.

2019 PNL at start of comp: $444,826.70
ending: $441,758.06
Loss of $3,068.04

View attachment 215100


View attachment 215101

Thanks for the honesty and transparency. Does your opinion now change about how you said the top is in?

Also, if you weren't grabbing coffee, what would have you done? Would you have exited your positions in that first minute after the tweet? Or would you have reversed your positions?

 

[imjohn]

Win some lose some... to me its still more impressive than a sim contest where many or most participants are prob just swinging wildly for the fences.

 

[yc47ib]

Thanks buddy. It is helpful. Good vibes your way too.



Nothing you can do with the black swan of a Trump trade tweet. This tweet took out a lot of people. There is a guy on reddit in for $160K on SPY $310 puts expiring Monday.

Well, I recall Dest mentioned that if there is a big drop, he will also benefit; however, apparently he did not plan for big jump. I do not know whether I understood correctly.
"
Dest's "Trade Against a Pro" Trading Challenge
The vol where it is... I don't think I'll be able to bust $30K in gains this week, unless we get a sudden drop in the mkt.
Post by: destriero, Monday at 12:42 PM
"

 

[Spectre2007]

I made it into the top 5. Going to go get some fresh air.

 

[destriero]

Thanks for the honesty and transparency. Does your opinion now change about how you said the top is in?

Also, if you weren't grabbing coffee, what would have you done? Would you have exited your positions in that first minute after the tweet? Or would you have reversed your positions?

I would have been out on the touch of 3148 cash and reversed in a bull diagonal. Still up $440K in the IRA. I should have carried my iPad with me, but I was long at work and lax in monitoring this account.

I had gone long four futures before leaving my desk which is what I do to get flat delta shortly (minutes) before closing the position.

 

[wrbtrader]

I made it into the top 5. Going to go get some fresh air.

Be careful...that fresh air could cost you your spot on the leader board.

Seriously, donuts break, toilet break, coffee break, tea break (U.K.)...weird things happens while your away.

wrbtrader

 

[Bum]

Well, I recall Dest mentioned that if there is a big drop, he will also benefit; however, apparently he did not plan for big jump. I do not know whether I understood correctly.
"
Dest's "Trade Against a Pro" Trading Challenge
The vol where it is... I don't think I'll be able to bust $30K in gains this week, unless we get a sudden drop in the mkt.
Post by: destriero, Monday at 12:42 PM
"

I believe Dest was suggesting a big drop would cause a spike in vol which he could benefit from. Not necessarily a directional bet on a drop in the market.

 

[yc47ib]

Thank you @Bum. That makes sense.

 

[Spectre2007]

Be careful...that fresh air could cost you your spot on the leader board.

Seriously, donuts break, toilet break, coffee break, tea break (U.K.)...weird things happens while your away.

wrbtrader

I'm hitting 96% Win Loss Ratio .. most trades ~1200-1500. My brain is so wired, I see the patterns, very little variance from entry in terms of MAE, but it comes at a price, brain gets fried for a bit. I reset it or I'll make a mistake, I should have been #1 or 2, but made a sloppy mistake.