poopy's competition journal

[poopy]

I didn't read this thread in its entirety nor the other one where you and Marc debated over who could piss the farthest, so I apologize if this post comes across as irrelevant.

But may I make a suggestion. First, it's hard to measure "trading success" solely based on one's P&L. Obviously, there will be a large difference between one who trades 1 lot versus one who trades 10 lots. As such, it would be better to go by how many aggregate points were made than how much $ was made.

Another challenge here is how best to measure success between two different instruments: futures vs options. One way to minimize the difference would be to trade only the directional. This could be done allowing only long or short trades for the futures; and straight-up long calls and long puts for ptions. However, no naked or short positions are allowed. No combination of both call and puts at the same time, using straddle, strangle or iron condors. And absolutely no hedging of any kind.

And, needless to say, both of you should trade the same symbol: if ES then ES options or SPY option, for example.

He challenged me and then ran away. So GFY.

I will produce a raw return and risk adjusted.

fck ES. If any of you could trade you'd trade vol. I am not sitting in front of my screen and pissing in a jar to avoid missing some degen setup. I trade delta in vol. You don't like it? Aw shucks. I don't punt in a 9% HV figure. And yeah, I will trade ES vol at night.

I could limit my trading to the opening and closing 30 minutes of the day and beat anyone on this board, risk-adj or notional.

If you get past that LD I will suggest reading the first post in this thread. All orders and positions will be long Vega. No adds (no legging into short vol). All orders will be on the COB with a screenshot (for ET audit) of the initial Greeks. Unimodal to Vega. No exceptions.

I can't short vol so worrying about shorting combos is pointless... like the post to which I am replying.

What I've committed to here is an OOM more than any of you fools would agree to, but when I turn the screw I don't stop.

 

[ironchef]

I didn't read this thread in its entirety nor the other one where you and Marc debated over who could piss the farthest, so I apologize if this post comes across as irrelevant.

But may I make a suggestion. First, it's hard to measure "trading success" solely based on one's P&L. Obviously, there will be a large difference between one who trades 1 lot versus one who trades 10 lots. As such, it would be better to go by how many aggregate points were made than how much $ was made.

Another challenge here is how best to measure success between two different instruments: futures vs options. One way to minimize the difference would be to trade only the directional. This could be done allowing only long or short trades for the futures; and straight-up long calls and long puts for ptions. However, no naked or short positions are allowed. No combination of both call and puts at the same time, using straddle, strangle or iron condors. And absolutely no hedging of any kind.

And, needless to say, both of you should trade the same symbol: if ES then ES options or SPY option, for example.

Not a fair fight.

It is like asking @poopy to a fist fight with both his hands tied behind his back.

 

[poopy]

Not a fair fight.

It is like asking @poopy to a fist fight with both his hands tied behind his back.

I'm fine with D1 in futures. I'm not willing to devote the time for something as stupid as this (contest). Put $500K to the winner on the line and it's another story.

 

[schizo]

Not a fair fight.

It is like asking @poopy to a fist fight with both his hands tied behind his back.

Well, it was just a suggestion. But since this ain't my fight, whatever.

 

[Overnight]

I'm fine with D1 in futures. I'm not willing to devote the time for something as stupid as this (contest). Put $500K to the winner on the line and it's another story.

Even though the VIX is dropping, that is financial suicide. The delta in price in just the Dow over the last 2 months has been 1,500 points.

Now we have the election coming up?

You're a madhatter!

 

[deaddog]

LOL consider it a Friday Syndrome.

Personally, however, I never use % chg in my trading. For example, my mind goes blank when they say S&P rallied 1.5%, as opposed to S&P shot up 100 points. Or that you made 2% in profit today as opposed to $10K. Am I the only one?

How do you compare the trading success of 2 differnt sized accounts?
If 2 traders both make 10k, one with a small account and the other with a much larger account who is the successful trader?

 

[Darc]

Well, it was just a suggestion. But since this ain't my fight, whatever.

Don't be so hard on yourself. Your Post was very constructive considering the amusing reply it generated from Poopy.
For future reference, your best Posts are the exasperated ones filled with "are you retarded", "get fucked" and "piss off"!

 

[schizo]

For future reference, your best Posts are the exasperated ones filled with "are you retarded", "get fucked" and "piss off"!

For future reference, you should know I normally like to chill back and not get into confrontations. In fact, this very thread is too damn confrontational and I get ullcers just reading them.

I know @poopy and @MarkBrown are way beyond their age to be fighting over who's got the bigger dick. I bet ya these two aholes are otherwise meek as a sheep IRL. But once they come here they turn into friggin' egomaniacs.

Anyway, with regards to my "are you retarded?" comment, that dude was just begging for it. Never seen such a condescending pussy in my life. BTW I don't usually get this riled up. I'm a meek sheeple IRL as well.

 

[schizo]

How do you compare the trading success of 2 differnt sized accounts?
If 2 traders both make 10k, one with a small account and the other with a much larger account who is the successful trader?

The fuck if I know. At any rate, have a great weekend.

 

[Businessman]

Different accounts sizes?

If one trader loses money and the other makes, then we have a clear winner.

If the trader with the smaller accounts makes more absolute dollars than the trader with the larger account, then we have a clear winner.

If account sizes are similar in size, ie. the smaller account is at least half the size of the larger account then use Percent return.

Otherwise it is hard to compare..