Naked Chart Based Trading PRM style "LESS IS MORE"
- Thread starter JSSPMK
- Start date
Gold idea was blown out the water 
Quick note about edges, earlier on I offered a wager to Hampton aka Surfer, he said DJIA 18000 before it hits 20300. I immediately offered a wager as it would have been a risk free bet. Here's the juice:
Betting on DJIA hitting 20300 before 18000 I had a clear advantage, as my gain would have been substantially greater than a loss, the opposite would have been for Hampton. But what I was going to do is bet him $500 to see 20300 first, at the same time I'd have hedged the bet by actually going short via a spread bet positioning so that my stop of 20301 would have been equal to the $500 wager. If I was to win, then Hampton would have covered my stop, if I was to lose the wager then I'd have lost $500 to Hampton, but my hedged bet would have roughly made x4 that waged amount. Shame he limited the wager to $100 and also raised his target to 18999.
Quick note about edges, earlier on I offered a wager to Hampton aka Surfer, he said DJIA 18000 before it hits 20300. I immediately offered a wager as it would have been a risk free bet. Here's the juice:
Betting on DJIA hitting 20300 before 18000 I had a clear advantage, as my gain would have been substantially greater than a loss, the opposite would have been for Hampton. But what I was going to do is bet him $500 to see 20300 first, at the same time I'd have hedged the bet by actually going short via a spread bet positioning so that my stop of 20301 would have been equal to the $500 wager. If I was to win, then Hampton would have covered my stop, if I was to lose the wager then I'd have lost $500 to Hampton, but my hedged bet would have roughly made x4 that waged amount. Shame he limited the wager to $100 and also raised his target to 18999.
Wow, that's low-rent -- 'hedging' 'a $100 friendly wager. Do you also hedge your cab fare? Your Starbucks latte?
You telling me off?