The ACD Method

[baggerlord]

Between R and Python...which one is better?

No idea...I went with python because a few people I respect recommended it to me. I doubt it matters much for most people.

 

[baggerlord]

Do you guys believe in probabilities or certainties? The way I see it, every non-pro believes in probabilities.

You can run Monte Carlo simulations till your hearts content. But, that cannot predict the markets. Certainly, the Wharton & Harvard grads love to leave money on the table.

The more exotic & illiquid the instrument, the greater the odds are you find an edge.

Take for example..... a NYSE listed equity.
Where is there an edge there? Surely, if you go prop you may find better financing terms and lending rates, but where is the edge? There isn't one on centrally cleared equities when you're retail.

But, somewhere....some far far place away there is an edge. And, surely if you look hard enough you'll find it. Just a heads up for anyone new to trading, no one will help you who is profitable unless you're helping them. Barring only a few.

Here is my take. Since childhood I have known intuitively that people in general are fools. Now as an adult I can say more politely that I don't believe in the assumption that the investor makes rational decisions. So my advantage is that I actually make rational decisions. Which brings us back to our topic here of trading with the help of ACD.

 

[DeltaRisk]

Here is my take. Since childhood I have known intuitively that people in general are fools. Now as an adult I can say more politely that I don't believe in the assumption that the investor makes rational decisions. So my advantage is that I actually make rational decisions. Which brings us back to our topic here of trading with the help of ACD.

As a matter of fact, there was a study on the returns of shadowing customer(retail) orders and the returns are an abnormality.

Richard Ney has interesting words on that, and there is a book that has a bit of that too.

 

[themickey]

Edges?
Hell, I even have a few. And, who am I?
Nobody. My edges are not 80% success rates. My edges are a 100% certainty, and those aren't the only edges available.
My only limitations are capital and relationships.
I have proof of concept, but there isn't a way in hell I'd give it away without an NDA & an arm. If you know anyone that isn't fluff, I'm open for negotiations.

As a matter of fact, there was a study on the returns of shadowing customer(retail) orders and the returns are an abnormality.

Richard Ney has interesting words on that, and there is a book that has a bit of that too.

Your comments appear to be vague bordering on mumbo jumbo.
Would you care to supply links or something to substantiate?

 

[Maverick74]

Between R and Python...which one is better?

I like R but that's because I learned R in grad school. There are thousands of free packages in R, some which are highly specialized to finance and trading. I think some people prefer the syntax in Python over R. R takes some getting use to at first. Both R and Python can do the same things. Whichever one is easier for you to learn, pick that one because you are going to need the ability to put in a LOT of work to maximize the capabilities of both so you better like the once you choose. LOL.

 

[Maverick74]

Not exactly. In trading, there are certainties. Virtually no retail knows about the edges real props/banks have.
Trading isn't what it appears to be.

If you've never been inside, you wouldn't know. It's not exactly published, and reading research reports only gets you so far.

Banks to be specific, or the "one bank," if you happen to read zero hedge, trade with each other to manipulate prices without risking losses. They're protected by regulators whom they "own." I'm positive a quick google search will clear things up.

Dive into the research the Pujo Committee conducted, and open up your way of thinking. It's there if you look long enough.

Edges?
Hell, I even have a few. And, who am I?
Nobody. My edges are not 80% success rates. My edges are a 100% certainty, and those aren't the only edges available.
My only limitations are capital and relationships.
I have proof of concept, but there isn't a way in hell I'd give it away without an NDA & an arm. If you know anyone that isn't fluff, I'm open for negotiations.

People with real edges don't have capital problems. They have tax problems.

 

[DeltaRisk]

People with real edges don't have capital problems. They have tax problems.

You don't know what you don't know.
That is the biggest hang up you've got.

Life isn't confined to the bubble you live in, open your perspective.

Don't cut me down, I've been your biggest fan. You just don't see beyond what you've personally experienced, and that is your greatest limiting factor.

Capital isn't a 110k IB account, jack.

 

[Maverick74]

You don't know what you don't know.
That is the biggest hang up you've got.

Life isn't confined to the bubble you live in, open your perspective.

Don't cut me down, I've been your biggest fan. You just don't see beyond what you've personally experienced, and that is your greatest limiting factor.

It's not a jab at you. No trader with a real provable edge has a capital problem. ZERO. Does not exist. Even if they can't raise capital for whatever reason, the very fact they have a real quantifiable edge means they will be able to earn the capital on their own. This is a statement of fact. This applies to everyone, not just you.

 

[DeltaRisk]

It's not a jab at you. No trader with a real provable edge has a capital problem. ZERO. Does not exist. Even if they can't raise capital for whatever reason, the very fact they have a real quantifiable edge means they will be able to earn the capital on their own. This is a statement of fact. This applies to everyone, not just you.

That's just not true.

A trader with an edge would not ever want to share said edge unless under advantageous terms. You act like the firms financing traders are just readily available and happy you can bring in a profitable strategy.

No, they are sharks.
They will pay you a penance, and steal what you've spent years on.
Don't pretend it is any different than that.

 

[Maverick74]

That's just not true.

A trader with an edge would not ever want to share said edge unless under advantageous terms. You act like the firms financing traders are just readily available and happy you can bring in a profitable strategy.

No, they are sharks.
They will pay you a penance, and steal what you've spent years on.
Don't pretend it is any different than that.

What on God's green earth are you talking about? Start a fund dude. No one will see your strategy. LOL. Better yet, trade it on your own and make billions. Who is talking about sharing? Reach out to Robert Morse on ET and tell him I sent you. He helps raise capital for traders.