You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Reality based coin-tosser method that beats 95% of traders in the world.
- Thread starter Whisky
- Start date
Quote from Whisky:
Sometimes I can guess better than 50-50, other times it is just a coin toss.
You will have to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.
Can you stop that now? The thread is already like 40 pages long and you're still saying the same thing to each and every idea
Quote from Badoit:
You will have to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.
Can you stop that now? The thread is already like 40 pages long and you're still saying the same thing to each and every idea
Not every idea. Only to the ones that are messy, convoluted to prove or plain lies, which yes are more than 95% of the total.
Your anger and frustration with reality based thinking shows that you are also not satisfied, at some level. Welcome to the club.
Whisky,
Try averaging down while hedging with an option (gamma scalping). The only problem is the cost of the option. The problem is that a big move would be needed to offset the cost of the option. Perhaps the gamma scalping will help to pay for the cost fo the option. However, sometimes gamma scalping causes lost revenue opportunities.
Another method is to pay for the option si to sell an option on the other side (i.e. collar). The problem with a collar is that you won't make money if the market goes in the direction of the short option.
What can I say... no free lunch!!!!
Try averaging down while hedging with an option (gamma scalping). The only problem is the cost of the option. The problem is that a big move would be needed to offset the cost of the option. Perhaps the gamma scalping will help to pay for the cost fo the option. However, sometimes gamma scalping causes lost revenue opportunities.
Another method is to pay for the option si to sell an option on the other side (i.e. collar). The problem with a collar is that you won't make money if the market goes in the direction of the short option.
What can I say... no free lunch!!!!
Quote from jones247:
Whisky,
Try averaging down while hedging with an option (gamma scalping). The only problem is the cost of the option. The problem is that a big move would be needed to offset the cost of the option. Perhaps the gamma scalping will help to pay for the cost fo the option. However, sometimes gamma scalping causes lost revenue opportunities.
Another method is to pay for the option si to sell an option on the other side (i.e. collar). The problem with a collar is that you won't make money if the market goes in the direction of the short option.
What can I say... no free lunch!!!!
Let's stick to ES futures for now. Options are, in my experience, a whole new can of worms, with an exponentially higher number of lies and bullshit to cut through. Also the bid-ask spread and slippage and lack of liquidity introduce costs that are much higher to overcome.
If you want to start an options thread in the spirit of this ES futures thread, you can post a link here.
In any case:
You will have to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.
Quote from Whisky:
Not every idea. Only to the ones that are messy, convoluted to prove or plain lies, which yes are more than 95% of the total.
Your anger and frustration with reality based thinking shows that you are also not satisfied, at some level. Welcome to the club.
Unless you have some way to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.... why don't you sh!t or get off the pot.
Quote from Badoit:
Unless you have some way to prove to yourself and others that your suggestions bring in at least 1 tic per day on average extra profit over the original method rules.... why don't you sh!t or get off the pot.
So... I told you already how to beat 95% of traders in the world, including probably (95% odds) your own current method, and now you are angry at me for not showing you how to beat the other 5%?.
I'd say you are an ungrateful bastard, but I don't intend to prove it, you might be just frustrated at your own results. Welcome to the club.
Thorpe never made any money of significance in roulette except in his testing lab and his blackjack success took place in a time when there was a slight edge in card counting and the casino wasn't looking for it, so increased bets weren't suspicious.Quote from Whisky:
Thorp made a lot of money with this roulette approach, and a similar one applied to blackjack, before going to Wall Street to make even more millions. The payouts have not changed much, except for blackjack.
At any rate, your orignal question wasn't based on anything that will ever happen in the real world.