Idea on making money
- Thread starter niting
- Start date
A good name for this would be the "Costanza Method"
Jerry : Well here's your chance to try the opposite. Instead of tuna salad and being intimidated by women, chicken salad and going right up to them.
George : Yeah, I should do the opposite, I should.
Jerry : If every instinct you have is wrong, then the opposite would have to be right.
George : Yes, I will do the opposite. I used to sit here and do nothing, and regret it for the rest of the day, so now I will do the opposite, and I will do
something!
Jerry : Well here's your chance to try the opposite. Instead of tuna salad and being intimidated by women, chicken salad and going right up to them.
George : Yeah, I should do the opposite, I should.
Jerry : If every instinct you have is wrong, then the opposite would have to be right.
George : Yes, I will do the opposite. I used to sit here and do nothing, and regret it for the rest of the day, so now I will do the opposite, and I will do
something!
Congratulation on your 5th post! You registered back in 2004. The reason I mention this because I assume you have been lurking on and off. This idea has been discussed and if you do a search under my name and "evil plan" you should be able to find my fully worked out plan based on it....
P.S.: Here it is, actually been posted twice already:
http://elitetrader.com/vb/showthread.php?s=&postid=1340742&highlight=evil+plan#post1340742
noob
"Buy when you would sell" - when / where do you exit for a loss? when / where do you exit for a profit?
"Sell when you would buy" - when / where do you exit for a loss? when / where do you exit for a profit?
Even if you conveniently eliminate a few pesky things in the real world such as
- eliminate bid/ask spread
- eliminate commissions
- eliminate slippage,
reversing entry buys and sells by a losing trader will still lose money, not make money. Try to answer the 4 questions above for yourself, to understand why that is.