Science Advancements on trading
- Thread starter alesanti
- Start date
Hi Odd Trader,
Yes, I've been reporting since Jun 05. @
http://www.elitetrader.com/vb/showthread.php?s=&threadid=70418
And results have been pretty good, and in line with what they report on their web site.
Stil you have not explained your statement. Why do you think that Prediction Labs has a long way to go in the prediction business? Any hard numbers to support your opinion?
Thank you,
Yes, I've been reporting since Jun 05. @
http://www.elitetrader.com/vb/showthread.php?s=&threadid=70418
And results have been pretty good, and in line with what they report on their web site.
Stil you have not explained your statement. Why do you think that Prediction Labs has a long way to go in the prediction business? Any hard numbers to support your opinion?
Thank you,
The book and the history/ background/ development/ setup/ size/ staff about The Prediction Company would provide a series/ number of hard facts, imo.
Other than that, have you compared/ studied their daily against intraday (simulation) performance yet? Not really impressive, imo.
...
Anyway, you may have found the holy grail you want/ like. Obviously that's a rather quick and extremely low-cost way of profitable trading. Good luck again!
santi didn't impress me as a very advanced "scientist".
IMHO, the only purpose of this thread is spamming.
What I don't understand is why people think that polarized way: predicting the markets is impossible because "there is no free lunch" or there is no "holy grail". In science, whenever you measure something you have to express the error that must always accompany the measurement. Analogously, if you say "I predict the price", surely you are not telling exactly the price, but the price within some error. Error that could vary in time.
The only way to show results in market prediction is to express some average degree of accuracy.
That level of accuracy should be enough to generate profitable trades systematically.
It may be impossible predict prices precisely, but it is not impossible predict prices profitably.
You cannot forget the relation between risk and reward present in all financial transactions.
Im not saying that this is going to blow up in your face tomorrow, don´t get me wrong, you could make a living out of this for years. What Im saying is be carefull. Don´t use too much margin, diversify your investments in long/short and very short term and don´t scale up too quickly.
If anything gives you huge returns, consider it very risky {nothing worng with a risky investment as long as you play it safe}.
Think about it this way, if this thing really works it wont be long before more and more people jump in that boat and it starts creating a bubble... everyone starts buying when the program says a rally is coming, no one sells, so the liquidity in the ask goes away and presto, you have a rally...
If everyone is using it then it becomes a self fullfilling prophecy... until someone pops the bubble.
So yeah, there´s no thing as a free lunch...
Im not saying that this is going to blow up in your face tomorrow, don´t get me wrong, you could make a living out of this for years. What Im saying is be carefull. Don´t use too much margin, diversify your investments in long/short and very short term and don´t scale up too quickly.
If anything gives you huge returns, consider it very risky {nothing worng with a risky investment as long as you play it safe}.
Think about it this way, if this thing really works it wont be long before more and more people jump in that boat and it starts creating a bubble... everyone starts buying when the program says a rally is coming, no one sells, so the liquidity in the ask goes away and presto, you have a rally...
If everyone is using it then it becomes a self fullfilling prophecy... until someone pops the bubble.
So yeah, there´s no thing as a free lunch...