%%Speaking of the 'holy grail.'
Deep pockets + ability to dollar cost average + ability to hold a trade for an extended period of time = holy grail.


%%
Good ;
even better since SPY+ QQQ tuned up/trendy week late.
I dont do a whole of $ cost average :
On SDS , SPXS, SH,SPXU good way to get killed .
But all of that can work with a good trend .
Like the Dave Ramsey class teacher said/ a stock sell off is like a good garage sale /good buys/
[ good benchmarks.....]
Peter Magellan Lynch turned ''50,000, Frenchmen Can Be Wrong'' in some big profitsLOL
Percentage of "yes" Percentage of "follow \Yup, if you aren't careful, you can get run over dollar cost averaging. Best place to do that is with treasuries. And one had better deeply understand how they move.
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what is happening here? I check over 2 million trading records it holds true
FYI the case of if still goes up is above 63% as high as 76% for 5min interval
Is this the holy grail?
P.S.
100% is the probability not price itself
The razor thin edge is after slippage. Jim has said they have many strategies. Some eventually does not work any more. They find new strategies. They must pursue many strategies involving a large part of the market in order to trade with an average holding period of 2 days and assets of USD 10 billion.Ill never understand how Ren puts up the returns they do on "razor thin margins"..
One would think the slippage on the massive size they trade would vaporize the razor thin edge
Im obviously wrong
OMG I can't believe you fell for that "razor thin margin" crap. C'mon, Jim Simons is notorious for keeping everything under wraps. He literally pulled that one out of thin air. And I thought you were an options hot shot. LOLIll never understand how Ren puts up the returns they do on "razor thin margins"..
One would think the slippage on the massive size they trade would vaporize the razor thin edge
Im obviously wrong
Good Morning Maverick2608,"Renaissance Technologies is a quantitative trading hedge fund firm founded by Jim Simons in 1982, who according to Forbes has an estimated net worth of around $28 billion. Jim Simons received a Ph.D. in mathematics in 1961, later teaching mathematics at major universities.
...
Simons explained that the margins are "razor-thin" and as a result, high volume and leverage are needed to make substantial profits.
This was confirmed by Robert Mercer, one of Medallion's key investment managers who stated that their win ratio is around 50.75%."
I have the same win ratio over 15 years. I am rich.
What does that say about your strategy?
%%Yup, if you aren't careful, you can get run over dollar cost averaging. Best place to do that is with treasuries. And one had better deeply understand how they move.

