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Short-term trading with Oscar
- Thread starter cgtrader
- Start date
Paul,
When I posted that message, his service was still free, so I could see most of his calls in real time.
During that particular month he broke even or had small losses according to a statistic posted to one of the forum posters. IMHO, that is not very consistent for someone who pumps his chest about 25 years of trading. Notice I said consistency not perfection.
I also witnessed quite a few averaging down calls when trades were going against him, forcing traders to take twice the original loss. As an experienced trader I will tell you right now averaging down is the devil. He does not do it much, but I saw evidence of it.
This is not personal, this is purely objective, I even like the chap, he is quite charismatic.
I realize you are entitled to your opinion, with that in mind I respectfully remind you, that so am I.
Anek
When I posted that message, his service was still free, so I could see most of his calls in real time.
During that particular month he broke even or had small losses according to a statistic posted to one of the forum posters. IMHO, that is not very consistent for someone who pumps his chest about 25 years of trading. Notice I said consistency not perfection.
I also witnessed quite a few averaging down calls when trades were going against him, forcing traders to take twice the original loss. As an experienced trader I will tell you right now averaging down is the devil. He does not do it much, but I saw evidence of it.
This is not personal, this is purely objective, I even like the chap, he is quite charismatic.
I realize you are entitled to your opinion, with that in mind I respectfully remind you, that so am I.
Anek
Complaints ? Don't make stuff up.
I was respectful at all times, just posted signs of weakness in his trading, expecting explanation from the so called veteran trader.
Instead the posts were deleted, therefore, don't expect much sympathy from me.
An honest and skilled trader will take the good along with the bad instead of hiding negative criticism from his public.
Anek
Quote from JSSPMK:
My whole thread was deleted there because it was in contradiction to Oscar's methodsNo offended, but found it odd considering that it was meant to be an open forum.
I posted there, the results from January to early July just based on the OMNI directional indicator (ignoring the entry/exit targets).
It did well in January through April, and sucked bigtime May, June, July. I simply calculated open-close results for the S&P predictions.
Since OMNI is the foundation, one would think it would outperform on its own, no? Otherwise, why is it a directional indicator? But they said "you can't do this without using their entry/exit numbers." And suggested I had some kind of agenda. It was a stupid test, not a vendetta
Of course, they make no attempt to publish their own results.
They called my methods questionable and deleted the thread also. I call this "reading chicken entrails and tea leaves." After all, why should someone properly test it??? This is when I left.
By the way, since that early July endpoint until the present, OMNI has sucked bigtime.
OK so a guy that calls the high and low ticks of the day sucks, well if you read the comments from his gold and premium members they would seem disagree with you totally on Oscar's call since July LOL....
And I remember your posts they where total inaccurate and they made no sense at all. The way you was using the Omni was totally wrong and I remember you were asked many times to stop posting false information on the Omni. but you insisted on continually posting false info and trying to discredit Oscar and it seemed that you had so kind of agenda for doing this. There are still post on the site asking to you stop and why you should stop. And why should any one believe you?? You are a very irritanting person and other members did not care for you comments in the forum and in the chat room and many compaints were lodged against you. So maybe this is why your posts were deleted, but I guess that would not make any type of sense to you.
And any serious trader would do there own research.
So I would say I would believe members of the site anyday then a person with a agenda.
And any serious trader would do there own research as many of his paying members have already done.
So aka newtrader that is where the truth lies.....
And I remember your posts they where total inaccurate and they made no sense at all. The way you was using the Omni was totally wrong and I remember you were asked many times to stop posting false information on the Omni. but you insisted on continually posting false info and trying to discredit Oscar and it seemed that you had so kind of agenda for doing this. There are still post on the site asking to you stop and why you should stop. And why should any one believe you?? You are a very irritanting person and other members did not care for you comments in the forum and in the chat room and many compaints were lodged against you. So maybe this is why your posts were deleted, but I guess that would not make any type of sense to you.
And any serious trader would do there own research.
So I would say I would believe members of the site anyday then a person with a agenda.
And any serious trader would do there own research as many of his paying members have already done.
So aka newtrader that is where the truth lies.....
Ignoring the serious language deficiencies in your post:
1) OMNI is presented as a timing mechanism. It obviously sets the tone for all Oscar's trades. If it doesn't help the equation, it can be discarded.
2) Oscar makes no attempts to quantify his results, in spite of some who asked. I took up the task.
3) Every time there was a little green arrow, Oscar was bullish on the day. Every time there was a little red arrow, Oscar was bearish on the day.
Further, I said that Oscar's entry/exit triggers were not included as part of the study.
4) Newtrader (me) said clearly that he added up the daily results for all the green arrows (up) and all the daily results for all the red arrows.
5) For Jan, Feb, March, April, the monthly results were quite good. For May, June, early July, they were quite negative. They have stunk since.
6) Numerous people on that forum independently posted how bad the results were during this time, also. In fact, many forum posters gave up and disappeared.
7) There was nothing inaccurate, as I gave Willie also agreed that I was quite clear about everything. OMNI staff and a few posters just said it was inaccurate, but this was obviously because it was unfriendly to the site.
The study was clear, accurate, and thorough, and was without any flaws. I offered to send in my results, but that was never taken by OMNI. It was easier to cry "foul" and then delete the threads.
Oscar only deleted the threads, because it did not present OMNI in a positive light.
There was no agenda, as I said clearly. There was a statistical test. OMNI badly underperformed the S&P 500
If you notice, no one ever found any flaws in the study, they just SAID it was flawed, even though they never counteracted a single point of the study.
OMNI is free to counteract this with their own quantification of the track record, but obviously they have not attempted to do so
I suppose the track record of these great calls have been posted somewhere so we can see them, and does not depend on testimonies of a nebulous group of happy people who "disagree with me?"
And little irks me more than doing a completely objective test using accurate data and very well accepted methods, defining the exact coverage of the study, and then being accused of having an agenda. I was a happy OMNI-ite until that point.
And frankly, comments by someone with 7 total posts on ETto me, are considered a SHILL for a site. Ask anyone here at OMNI about their opinion of this.