From Micros to Millions: 2% per day

CALLumbus · Oct 23, 2020

snowman80 said:
imho given he is trading manually his success depends on his ability to handle instances where the mean reverting behavior he seems to be counting on breaks down. you don’t want a nasty mean reversion break down wiping out a big chunk of your winnings.

you need an iron clad risk mitigation framework

What one needs is skills and experience. He already seems to have plenty, and will continue to build more if he keeps up his good work.

scalpi · Oct 23, 2020

CALLumbus said:
What one needs is skills and experience. He already seems to have plenty, and will continue to build more if he keeps up his good work.

I also think sstheo is doing a real good job !
Also that he shows his trades in detail and why he made them ist very honourable !
Better than nearly any coach that is selling "something" für a lot money ...

i also appreciate the pressure he takes to show his performance every day. !!!

virtusa · Oct 23, 2020

CALLumbus said:
Which info did you miss ? I think ssthe mentioned everything thats needed to understand how he works.

At the end of the day/week/month, all that matters if you make money or not.

I did not miss anything. You did.

CALLumbus said:
Same here, but it is still a very nice result.

snowman80 · Oct 23, 2020

CALLumbus said:
What one needs is skills and experience. He already seems to have plenty, and will continue to build more if he keeps up his good work.

sure thing

we need skills and experience in almost everything we do

:sneaky:

syswizard · Oct 23, 2020

snowman80 said:
imho given he is trading manually his success depends on his ability to handle instances where the mean reverting behavior he seems to be counting on breaks down.

Wait ! I remember him saying earlier he is going with the trend. Now he is going mean-reversion ?
Big difference !

DevBru · Oct 23, 2020

virtusa said:
I think CALLumbus was refering to the 33% taxation that I posted. Not the transaction tax of 0.35%.

If you make $1,000 profit in stock A, and you lose $1,000 in stock B, you pay 33% on stock A profits and cannot deduct losses from Stock B. So you end up with a loss of $ 333.

His question was:

CALLumbus said:
Do you really understand how a FTT works ? FTT is not an income tax, or capital gains tax ...

snowman80 · Oct 23, 2020

syswizard said:
Wait ! I remember him saying earlier he is going with the trend. Now he going mean-reversion ?
Big difference !

i think you can go with the trend and trade a mean reverting style. i don’t think these two are mutually exclusive.

the trades he shared in this thread, to me, have a mean reversion feel to them

that’s all

virtusa · Oct 23, 2020

DevBru said:
His question was:

CALLumbus replied on MY posting not on yours. So it was about what I posted, not what you posted. If it would be about your posting he would reply to you.

Even in your last posting you mention his posting:
"CALLumbus said:
Do you really understand how a FTT works ? FTT is not an income tax, or capital gains tax ..."

He clearly speaks about income tax or capital gains tax. My postings was about income tax and capital gains. Yours not. You posted about a FTT.

But if it is important for you and your ego, you can always think he was speaking to you. :banghead:

DevBru · Oct 23, 2020

virtusa said:
CALLumbus replied on MY posting not on yours. So it was about what I posted, not what you posted. If it would be about your posting he would reply to you.

Even in your last posting you mention his posting:
"CALLumbus said:
Do you really understand how a FTT works ? FTT is not an income tax, or capital gains tax ..."

He clearly speaks about income tax or capital gains tax. My postings was about income tax and capital gains. Yours not. You posted about a FTT.

But if it is important for you and your ego, you can always think he was speaking to you.

Never mind dude, sorry i hurt your feelings ...

Snowflake.

syswizard · Oct 23, 2020

snowman80 said:
i think you can go with the trend and trade a mean reverting style. i don’t think these two are mutually exclusive.
the trades he shared in this thread, to me, have a mean reversion feel to them
that’s all

Well, it's all definitional. Tradings PB's is not mean-reversion in my book.
Mean reversion is when prices move "out of line" with a longer term trend....and then start to revert back to the average.