poopy's competition journal

[BuzzTrader]

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.

First thing you do is declare a > 5min holding time, thats sketchy.

 

[Darc]

First thing you do is declare a > 5min holding time, thats sketchy.

The thing is, SML is a Scalper of Bull Trends. Secondly, he's only got like $100 in his Account. So he might Scalp $40 over the course of the Comp giving him a 40% return. Not really real life is it.

 

[Sekiyo]

Percentage returns often seem like a fair comparison, but they can be misleading. For instance, two traders might both make 10%, but if one risked 100% of their account and the other only 1%, the second trader is clearly better. It's not just about how much you make—it’s about how much you risk to make it. Without considering risk, percentage returns alone don’t tell the full story.

But for this purpose (Trading competition) we generally use percentage return from beginning to end.

The one with the highest percentage return wins. Whatever the account size or the risk involved.

Or we could use the risk-adjusted return.

Because Poopy said sim or real account ?! If I want to win then I max out a sim account and take degenerate bets.

But if it’s risk-adjusted returns … Then I better be the best trader ever to win, even if I have all the paper money in the world.

 

[BuzzTrader]

The thing is, SML is a Scalper of Bull Trends. Secondly, he's only got like $100 in his Account. So he might Scalp $40 over the course of the Comp giving him a 40% return. Not really real life is it.

But why declare a rule to handicap scalper, if the other party is supposedly specialized in scalping and you know it ?

 

[poopy]

First thing you do is declare a > 5min holding time, thats sketchy.

Why is thay sketchy?

 

[poopy]

But why declare a rule to handicap scalper, if the other party is supposedly specialized in scalping and you know it ?

Because Mark was going to run a sim-account for the competition. I can't specify broker so I am not going to allow someone to buy the bid and sell the offer and bypass FIFO on some game-able sim-account. If he was somehow trading a real money account he can trade whatever he wants on whatever frequency.

 

[BuzzTrader]

Because Mark was going to run a sim-account for the competition. I can't specify broker so I am not going to allow someone to buy the bid and sell the offer on some game-able sim-account. If he was somehow trading a real money account he can trade whatever he wants on whatever frequency.

Ok that clears it up then.

 

[poopy]

Ok that clears it up then.

It doesn't solve the problem but at least he'd have to take some risk.

 

[ironchef]

Because Mark was going to run a sim-account for the competition. I can't specify broker so I am not going to allow someone to buy the bid and sell the offer and bypass FIFO on some game-able sim-account. If he was somehow trading a real money account he can trade whatever he wants on whatever frequency.

Big hat no cattle.

 

[BlueWaterSailor]

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!

ON, you missed it.

I.e., he's long volatility into the election. The words "the only sensible position" come to mind.