Wow, you really should quit now with this flawed ridiculous argument. Sig has owned you since post 1.
By the way, is that WD Gann in your avatar or do u just happen to look the same?
surf
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Nadex 20 & 5 binaries
- Thread starter bigspeculate
- Start date
Wow, you really should quit now with this flawed ridiculous argument. Sig has owned you since post 1.
By the way, is that WD Gann in your avatar or do u just happen to look the same?
surf
Wow, you really should quit now with this argument. Sig has owned you since post 1.
By the way, is that WD Gann in your avatar or do u just happen to look the same?
surf
And what do you know about binary options?
I been trading them profitably since 2003 when they were introduced by IG (parent company of Nadex) in London.
I made six figures trading them back in the early days.
Not so much these days.
How much you and Sig made trading binaries?
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And what do you know about binary options?
I been trading them profitably since 2003 when they were introduced by IG (parent company of Nadex) in London.
I made six figures trading them back in the early days.
Not so much these days.
How much you and Sig made trading binaries?
Well, you have more experience than I do with them. I'll admit it. But
Just because u can no longer find the edge thst enabled you to make 6 figures, does not translate to nadex being a BS exchange offering BS products.
surf
CME options can be used to hedge portfolio risk.
Casinos and sports gambling can at least be described as entertainment.
But betting and gambling on intra day financial events, what real world financial or social purpose does doing that serve?
If you think binary options can not be used to hedge, you know very very little about binary options.
As a fact, binary options are much better tool for hedging.
You are just too ignorant to talk on this topic.
In Casino gambling you have disadvantage because the rule decides that house get better odds.
In an exchange there is no house, anyone can take either side of a market.
You can be a market maker if you want.
If you always lose money, that is because you are bad in trading.
At least you are bad in trading binary options.
Binary options have wider spread because the odds decide the spread can only be that wide, or the other side will always win.
That means the wider spread ensures either side has equal odds.
But you need to take a proper strategy for binary, you can't trade it like you trade futures or stocks because it has wider spread.
Generally, after you take positions, you don't exit, because the spread is wider, so your odds get worse in most situation if you exit.
And betting on direction is usually a wrong way to trade binary options.
That is the most I can say.
If you always lose on binary, that is not because binary is bad, but because your way of trading binary is bad.
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And what do you know about binary options?
I been trading them profitably since 2003 when they were introduced by IG (parent company of Nadex) in London.
I made six figures trading them back in the early days.
Not so much these days.
How much you and Sig made trading binaries?
Then if you always profit from binary options, why you said this product is BS?
And IG's binary options are different from what nadex offer, so I would take nadex's binary options as a standard.
In fact, I have tried to reproduced binary options in CME options by either a credit spread or a debit spread, but found that both have much worse risk-reward ratio than binary options.
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Well, you have more experience than I do with them. I'll admit it. But
Just because u can no longer find the edge thst enabled you to make 6 figures, does not translate to nadex being a BS exchange offering BS products.
surf
No one here has dealt with the parent company as much as i have.
They cheated me many times. I was withdrawing 10K a day, this freaked them out so they put my bets on manual referral and then would change the odds while my bet was on hold and then reject my bets.
They never refused to pay me my winnings, but they did play dirty. I would not trust them even if there is a firewall between the exchange and market maker.
Even Sig said he experienced:
"rejections in high volume markets which I've discussed with them and the CFTC and am pretty convinced was due to crappy software and a nontechnical executive team"
Sig is being naive in believing them here. They spend massively on IT and software development each year to ensure that they don't lose money.
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Even what you said are all true, that nadex did treat you, you have no point in saying the product is BS, and you have no point in saying the exchange is BS, only that the peopleNo one here has dealt with the parent company as much as i have.
They cheated me many times. I was withdrawing 10K a day, this freaked them out so they put my bets on manual referral and then would change the odds while my bet was on hold.
They never refused to pay me my winnings, but they did play dirty. I would not trust them even if there is a firewall between the exchange and market maker.
Even Sig said he experienced:
"rejections in high volume markets which I've discussed with them and the CFTC and am pretty convinced was due to crappy software and a nontechnical executive team"
Sig is being naive in believing them here. They spend massively on IT and software development each year to ensure that they don't lose money.
who operate nadex is bad. So if the people are changed, the exchange is still good.
Even what you said are all true, that nadex did treat you, you have no point in saying the product is BS, and you have no point in saying the exchange is BS, only that the people
who operate nadex is bad. So if the people are changed, the exchange is still good.
He can call it whatever the hell he wants. If you love that sht so much than go trade it...don't come in here trying to convince others.
You're calling it a BS product with no justification. You don't see a need for it, great, don't trade it. We all need to be humble enough to realize that just because we don't see a use for something doesn't mean that there is no use!
I'm guessing it's been a while since you're logged in there, but spreads are usually 6 points on the products I trade during market hours, which is much higher than I'd like it to be but hardly usurious. And again as I've pointed out over and over YOU TOO CAN MAKE A MARKET!!!! If the spreads are usurious or there is some kind of "picking off" that the MM can engage in to make profits you feel they shouldn't, then why aren't you taking advantage of that instead of complaining about it being unfair?
By the way, my experience is that the GAIN owned MM has a very naive algo that completely ignores other orders. I wish they'd "pick off" my orders inside the bid/ask, but they don't. And the only one doing any "picking" of non-market maker bids/offers inside the spread in my experience is me.
If you want to have a serious discussion about binary options pricing theory and how to mitigate risk I'd be happy to do that as soon as you dispense with the ever shifting argument that Nadex is somehow bad despite the fact that I've shown every one of your assertions to be incorrect, unsupported, or irrelevant. The truth is that the best way to deal with laying off risk for a binary options MM is to have a greater dispersion of outstanding contracts. Taleb has a good section on this in his book Dynamic Hedging: Managing Vanilla and Exotic Options (another guy I grudgingly pay attention to!) The current wide spread is a direct result of the small size of the MM's order book across products and strikes. As they get more volume across products and strikes, they will be able to provide smaller spreads and still make money; it's incorrect to say that "they cannot make money on a tight spread". Again, hence my interest in dispelling the haters out there who start with a gut feel that Nadex must be bad, then come up with ever more ridiculous reasons to justify that gut feel when they're asked to justify it. At some point, one would think it would be easier and make you look less foolish to simply acknowledge that your initial gut feel might not have been fully fleshed out, and upon further investigation you realize you were incorrect.
The fact that you can make markets does not ease any concern that it's a bucket shop. So they let you be banker for a few rounds if you want to? LMAO. Come on dude, I dont want to explain this to you like you're a child. Are there real options being executed to back up these Nadex trades? No.
At the end of the day, if these trades are not backed up by real options/futures contracts in the open market, then it doesn't matter if you're selling or buying with Nadex...you and Nadex and the other fools are in your own little bubble where Nadex dictates the terms. You're playing against them.
He can say whatever he wants, and I can say whatever I want.
He can say something, and I can say I see no point is his argument.
Get the logic?
You really need logic.
When I saw what you said I have no desire to reply because you words have no logic and I am sick of it.
See what you said: he can say whatever he wants , and I can not say what I want. I can only trade it and not to come here to talk.
What kind of logic is this?
Your posts are always like wrote by someone who are deeply out of his mind.
He can say something, and I can say I see no point is his argument.
Get the logic?
You really need logic.
When I saw what you said I have no desire to reply because you words have no logic and I am sick of it.
See what you said: he can say whatever he wants , and I can not say what I want. I can only trade it and not to come here to talk.
What kind of logic is this?
Your posts are always like wrote by someone who are deeply out of his mind.
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