This Forum overtrades options

Status
Not open for further replies.
Quote from Kevin Schmit:

Beau, you've got fingers in too many pies. You've got your fiat money replacement, you have got your double dutch auction exchange, you've got your CFA studies, your hockey career, your website, your YouTube channel, your CTA, your topological research, your campaign for the legalization of marijuana and gay marraige.... and your trading.

Do just one but do it well. Concentrate on your trading until you are consistently profitable and only then branch out.

I have watched your career trajectory since first noticing you on C2 four years ago. You were clueless then but not completely nuts. If you had spent your time since then working on your models instead of frittering away your energy on these others endevours, you'd probably be up 20% in your Covestor account instead of down 8%.

You have the perfect setup for researching and implementing trading models -- you live rent-free with your parents in a pleasant neighborhood and your monthly Social Security Disability checks cover your basic living and research costs. So drop everything else and concentrate on your trading.

Good luck.

We've stopped trading our automated models that have $100 expectancy but infeasible in reality for the Sentinel 4 Trading Model with expectancies that average $600 per trade and we plan to trade ZC, CL, NQ, TF, PA, ZB, HE, and CC at various intervals but always as day trades.

I don't plan on reporting a down month ever again, but it's kind of chilling with the problems I've had trying to duplicate my own original versions of this program with disastrous double digits losses around 20%.

For these new programs the average monthly profit is around $40,000 in total so it should be something spectacular, but I know making mistakes is something to learn from but I feel like I had to trade with real money before I could finally drop my models for something a lot better even though it was my plan the whole time to do this I still wanted to know if my models were as great as the backtest showed and, no, it wasn't. I think we'll find success with Sentinel 4 and I would highly suggest it to anyone looking for a career in trading.

We've discussed briefly white labelling the program, and as far as I can see it has worked for over a decade so it's out there for a limited number of subscribers but I don't know how limited or want to give any bottom line figures. I completely understand what this model is doing, and maybe finding out that backtests may be true that there's expectancy I think the reality of mine is not going to be anything like Sentinel 4.
 
Quote from atticus:

OK, I'll bite... wtf is Sentinel 4? A re-work of that MACD system that you were trying to sell?
'
Ha!

Everyone knows who Bill Schamp is, and if you want to know, ask him.

He's out of touch being banned from ET, but I don't think there has ever been a better trading program in this world than what he's got, and I built my entire CTA around his theories.

Be humble, and maybe try to do your own networking. Reading the manual Price Physics Final Edition was truly an honor as his very last student.
 
Quote from atticus:

Proflogic? lol, that's priceless.

He's probably worth 8 figures more than you, atticus, at least!

Though I do think you're in the millions, you're dwarfed by him and what he's told me about his networth.
 
Quote from bwolinsky:

He's probably worth 8 figures more than you, atticus, at least!

Though I do think you're in the millions, you're dwarfed by him and what he's told me about his networth.

Hey numbnuts, have you ever been to Lima, Ohio? The net-worth of the entire town is under 8-figures.
 
Quote from atticus:

Hey numbnuts, have you ever been to Lima, Ohio? The net-worth of the entire town is under 8-figures.

Oh, so I'm looking at him in his gigantic custom house on a multiple acreage lot that he put on for his facade? Come on, atticus.

I guess his pictures by an Escalade with Rims aren't real? Must have been somebody elses?

It's Celina, Ohio. Rich people are everywhere.

Next, you'll probably tell me Sentinel 4 is not a real trading program, when I've seen every kind of backtest and financial information you could possibly want to know about its trading and performance metrics.
 
So bwol is now an amateur macro-economist and central banker, to boot... On top of all the other achievements. At any rate, I think I have had enough fun on this here thread. Best of luck to you, bwol, in all your various endeavors!

atticus, I would humbly suggest you're wasting your time and advise you to stop...
 
Quote from Martinghoul:

So bwol is now an amateur macro-economist and central banker, to boot... On top of all the other achievements. At any rate, I think I have had enough fun on this here thread. Best of luck to you, bwol, in all your various endeavors!

atticus, I would humbly suggest you're wasting your time and advise you to stop...

Well I'll be sorry to see you go, Martinghoul.

I don't consider myself amateur at macroeconomics but not as high as some professionals who actually have that title so somewhere beyond but not quite expert, novice, more like. Which is to say knowledgable but nowhere near rank amateur.
 
Quote from bwolinsky:
I don't consider myself amateur at macroeconomics but not as high as some professionals who actually have that title so somewhere beyond but not quite expert, novice, more like. Which is to say knowledgable but nowhere near rank amateur.
Why am I not surprised?

And I won't even ask what title you might be referring to, 'cause I am sure I won't be able to deal w/ all the nonsense that will inevitably issue forth.
 
Status
Not open for further replies.
Back
Top