ES Journal Archive (2009 - 2010)

[wave]

Quote from Pekelo:

I am pretty good at 3rd grade math, because I left elementary school in the 6th grade.



Really.... Since the lowest ES where you could have gone in was 1037.25 that would be a 30 pts gain. (and of course, you can't have an average price of 37.25)

150K / 50$ / 30 pts = 100 contracts

So your position (supposed you are not BSing us) has to be way closer to 150 contracts than less than 70...

On the other hand if the position is 140 contracts with an average price of 1045.5 that would make it 150K when reaching 1067.

But again, I only have a 6th grade education...

My fault, 70 was the last add, 127 total.
thanks.

 

[jmoo]

out 1/2 1052.75 runners b/e stop

Quote from jmoo:

1051.75 long

 

[wave]

If you do the math, you stand to lose more taking several bets with full position on. The odds are against you.

 

[wave]

Average with
Average against
Full Position

Do the math, let me know what works best.

 

[wave]

Now all three can be made to work well, that's where the research comes in.

 

[wave]

My years working in ibanks I learned one thing from the quants. Low risk, low return.

 

[ammo]

sh 53.5 and 53,wave the mar jun lin is 58 on cash,res

 

[Decel]

Quote from wave:My years working in ibanks I learned one thing from the quants. Low risk, low return.

You're long right? I lost track of your position.

 

[wave]

Quote from Decel:

You're long right? I lost track of your position.

yes

 

[Pekelo]

..and lo and behold, posted in the Dragon thread yesterday, just before the close:

Quote from Pekelo:

This bigger one was only good for 3 pts so far, although it might signal the end of this 4 days selloff...