Badly.
Kudos to MMs
- Thread starter nitro
- Start date
Badly.
That is an interesting insight. However, this is not __just__ a Martingale system where you flip a coin and double down if you lose because I believe the entries are not random. _IF_ you believe the entries have edge over time, then it remains a theoretical proposition as to what the best way to bet that system is. You can use stop losses, you can use call/put options as does jonhplubic, or you can do add/remove chains as I am proposing. You are focusing on the wrong thing, I have said this numerous times. All I am doing is raising the bet when the count of the deck has lots of tens!
_IF_ you believe [A]NFV contains edge, _IF_, and If you believe there is a correct method of betting when edge continues in your favor, then prove to me mathematically that there exists a better way to bet such a system. If you don't believe NFV has edge, it doesn't matter what betting system you use!! I can't continue to answer these idiotic statements!
Obviously, if your account is $25k, you cannot bet this way, you are better off doing something like what shortie does, enter on some conservative value of NFV like 24 using options and hope you don't get screwed on IV or skew (maybe a spread is better then), and then hold to zero.
Pekelo wasn't asking about those things. My response was direct, as was his question, which had to do specifically with the October puts I had purchased.
I've mentioned my trading method/limitation elsewhere in this thread. I bought puts during a sizeable divergence (SPX was supposed to converge downward to NFV) more than a month ago. The puts are doing badly. That is not at all a critique of NFV—in fact, up until now I have not had a losing NFV-inspired trade.
The guy is not interested in science. A pertinent question would have been posed to find out what you point out below. You think he appeared by accident when he did? NFV has been around for six months, and yet people are only interested in pointing out what happens in the one month where the market returns 10% in one month. LMAO.
I don't mind critique at all, as long as it is not spin'ed. Do you see the difference? I don't even know why I bother - I seriously couldn't give a shit. Thing is, I am a man that lives by a code of honor, and dishonesty bugs me.
Do you think I am being dishonest?
Since you are talking about me...
I am more interested in profits, than science, right. Martingaling isn't exact rocket science. And you are already at FV #3...
By the way I posted in this thread a year ago with the old FV, go take a look. And you are blaming the system's performance on the market? The market is what it is. A system is supposed to be robust and withstand when the market doesn't behave according to expectations...
What is the P/L for the last 6 months by the way for NFV???
I am more interested in profits, than science, right. Martingaling isn't exact rocket science. And you are already at FV #3...
By the way I posted in this thread a year ago with the old FV, go take a look. And you are blaming the system's performance on the market? The market is what it is. A system is supposed to be robust and withstand when the market doesn't behave according to expectations...
What is the P/L for the last 6 months by the way for NFV???
Gotcha.
Incidentally, there was a strong correlation between the S&P 500 and something from the bond market that seems to have degraded recently. Do you think this might have something to do with NFV's purported troubles as of late, or am I barking up the wrong tree?