Trading Challenge Phoenix vs RCG nov 2012

Quote from Mav88:

yeah I would have thought that too, but here is his quote



RCG must hate the internet, he hasn't learned yet how to adapt his bullshit
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Well... I had it wrong and have been misquoting him. My mistake.

About the risk handling I discussed with him. I was thinking of mocking up a trade simulation in MATLAB of a hypothetical security using some historic data I have and attempt to show the effect of averaging down versus closing out trades at a a predetermined loss percentage over a large number of trades. There are a few assumptions involved so I'm still thinking it over but believe I can demonstrate the problem with averaging down.
 
Quote from pspr:

I guess this is the perfect place for someone to create a completely fictional life and have people believe you. Maybe this is just a game RCG plays online. It would make sense that he would have some trouble keeping his story straight all the time considering how much he posts here.

On the other hand, he may be in need of some serious counseling. He may be the same way in real life which is very troubling.
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One reason I stick with the truth in all matters is that I simply don't have the energy to keep track of a bunch of lies. Rather than it being a matter of good or bad character I have to admit that I don't lie because I can't keep lies straight and would be caught. :D
 
Quote from pspr:

I guess this is the perfect place for someone to create a completely fictional life and have people believe you.
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to what end? I don't get it
 
Quote from 377OHMS:

Well... I had it wrong and have been misquoting him. My mistake.

About the risk handling I discussed with him. I was thinking of mocking up a trade simulation in MATLAB of a hypothetical security using some historic data I have and attempt to show the effect of averaging down versus closing out trades at a a predetermined loss percentage over a large number of trades. There are a few assumptions involved so I'm still thinking it over but believe I can demonstrate the problem with averaging down.
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There was a book back in the day called "You Can't Lose Trading Commodities". The basic premise was that since there is no danger of certain things like wheat going to 0, you bought near multiyear lows, keep averaging down and wait. Rollover costs were troublesome as was the idea of waiting years to put on a trade or take profits. The doubling down meant deep pockets too.

Most people just won't wait 5 years to enter a trade, so averaging down is statisically doomed, even more so on the short side.
 
Quote from Mav88:

to what end? I don't get it
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To improve your life through fiction. If you don't like your life just give yourself a new one online. Why one would pick the profession of a male nurse is odd, though. Maybe because he has some knowledge in that area of expertise.

Someone needs to go to Peoria, find RCG and do some investigation for us.
 
Quote from pspr:

To improve your life through fiction. If you don't like your life just give yourself a new one online. Why one would pick the profession of a male nurse is odd, though. Maybe because he has some knowledge in that area of expertise.
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Hospital janitor maybe. From that vantage point a male RN would look like a brain surgeon.
 
Quote from Lucrum:

Hospital janitor maybe. From that vantage point a male RN would look like a brain surgeon.
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LOL, I guess.

Here are the facts we do have.

RCG says he makes money everyday, he said he would prove it, agreed to TST, then backs out suddenly by saying he's not spending $35 to prove it to us 'rednecks'

So given what I do know, I'm trying to imagine what kind of cheap-ass dirtbag behaves that way. The chance of being caught in a lie is probably more motivating than chump change like $35.... unless of course you are a $20/hour janitor -LOL
 
Quote from Mav88:

LOL, I guess.

Here are the facts we do have.

RCG says he makes money everyday, he said he would prove it, agreed to TST, then backs out suddenly by saying he's not spending $35 to prove it to us 'rednecks'

So given what I do know, I'm trying to imagine what kind of cheap-ass dirtbag behaves that way. The chance of being caught in a lie is probably more motivating than chump change like $35.... unless of course you are a $20/hour janitor -LOL
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And now, today. He's desperately trying to pretend yesterday never happened.
In his delusional feeble mind. He obviously thinks that logging off and back on gives him a complete reset on all his lies and stupidity. Even when it's still right there in front of his face. The "man" has serious issues.
 
And, now, he is completely ignoring this thread while posting elsewhere. Rather than present some form of proof to his years long story he'll just ignore the questions we all have.
 
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