Hey Pek,Quote from Pekelo:
Oh yes, and this:
This was BEFORE the FOMC meeting that ended going up to 876. That is -40 points in the red in my book. What you are doing is you are predicting in BOTH directions, and since the market is volatile, sooner or later eventually we do touch both...![]()
He orginally started this nonsense using just single direction predcitions. But he kept losing so much money (he had lots of small wins and one or two HUGE blowout losses) that he cameup with the latest Pairs Trading Scheme to make the system seem legit.
He does it as a way to minimize his huge losses ... he guess he figures it's better to take small gains and medium sized losses rather than small gains and huge losses ... bottomline, he's still a loser.Quote from Pekelo:
I know, you are going to come with the pairtrading bullshit, but again, if you are good at the direction, why hedge it both ways???
