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trading stats related to fridays selloff
- Thread starter jasonjm
- Start date
Quote from jasonjm:
I posted this in the spirit of sharing some facts I had uncovered, why would I post anything if all I cared about was "MY OWN TRADES" as you put it, that would be a waste of my time, be easier to post nothing then.
You and the likes of you are the reason ET has degenerated into 99% garbage. [/B]
No, it's monopoly money traders like yourself that turn these forums into what they are. As for facts, you haven't posted any yet nor have you posted any charts illustrating your alleged facts.
As for stops, who cares if the S&P moved 60 points against your "calls". Gosh, that's only $3,000 an ES contract or in Parker Brothers currency it's only 6 orange $500 bills......chump change!!!
Quote from azukar:
No, it's monopoly money traders like yourself that turn these forums into what they are. As for facts, you haven't posted any yet nor have you posted any charts illustrating your alleged facts.
As for stops, who cares if the S&P moved 60 points against your "calls". Gosh, that's only $3,000 an ES contract or in Parker Brothers currency it's only 6 orange $500 bills......chump change!!!
do you understand what a call is? in the hands of a semi intelligent person, it can be used to define risk levels and maximum losses. Hint Hint
as for charts, i dont use them, nor TA, nor indicators, but that is for another thread and another day.
anyways, I have to put you on ignore now, I can't waste time on lost causes, good luck.
and BTW, yeah $3000 is chump change.
Quote from jasonjm:
do you understand what a call is? in the hands of a semi intelligent person, it can be used to define risk levels and maximum losses. Hint Hint
as for charts, i dont use them, nor TA, nor indicators, but that is for another thread and another day.
anyways, I have to put you on ignore now, I can't waste time on lost causes, good luck.
and BTW, yeah $3000 is chump change.
Yeah, I know what a call is as I trade options quite a bit. Funny thing is you never mentioned options until I called you on the lack of stops, or any other details on your alleged trade.
The world is filled with losing traders who still think they know best, and obviously you are still a member of that illustrious group.
Quote from jasonjm:
do you understand what a call is? in the hands of a semi intelligent person, it can be used to define risk levels and maximum losses. Hint Hint
as for charts, i dont use them, nor TA, nor indicators, but that is for another thread and another day.
anyways, I have to put you on ignore now, I can't waste time on lost causes, good luck.
and BTW, yeah $3000 is chump change.
Oh, you keep on risking 60+ S&P points trying to make 30....it will take you far.
Quote from jasonjm:
I trade the SP index by monitoring the vix, and love looking for histroical setups.
Just thought I should post an interesting trading stat related to fridays selloff
only 9 times in the last 12 years (12 years ago is from when I keep records) has the VIX had a back to back gain (in relative % to its current trading levels) of this magnitude.
of those 9 times:
within 3 weeks, 8 of the nine times the S&P recovered 3% of the SP index.... so statistically speaking, there is an 88% chance the SPX trades back to 1501 within 3 weeks from its 1458 close on friday.
Just thought it might interest someone on ET.
good luck all
Congrats. You found the holy grail predicting the future.
Quote from azukar:
The only person that matters when it comes to making money off your posts is YOU.
So far though you haven't given any entry points or stops, and the last time you called a bottom the Dow lost 286 the next day with the SPX/RUT breaking their recent lows.
Stats are like theories - they sound great on paper but usually unravel when the light of reality is shown upon them. Trading is also easy when done on paper and/or when the use of stops is, er um, optional.
Who pissed in your cherrios? It was a good evaluation of past results, and held true. A call by definition enables you to enter with a defined risk, so thats the way to trade something like this in a volatile environment.
The beauty of that trade is not only did the price target get hit, but volatility also grew, so the payoff was very nice with time decay having zero impact on the calls (yes, you could've done this with aug 17 ES calls).
Its up to you to set your stoplosses, etc.. Thats your own discipline. He did you a favor and saved you some legwork.
jasonjm: great post.
Typical ET troll. New idea: they should rename elitetrader.com -> displacedyahooforumtrader.com.
Stats are like theories - they sound great on paper but usually unravel when the light of reality is shown upon them. Trading is also easy when done on paper and/or when the use of stops is, er um, optional. [/B][/QUOTE]
Trading is also easy when backtesting archived data sources to death. The question shouda, coulda, woulda don't even arise.
Trading is also easy when backtesting archived data sources to death. The question shouda, coulda, woulda don't even arise.
Quote from day7793:
Stats are like theories - they sound great on paper but usually unravel when the light of reality is shown upon them. Trading is also easy when done on paper and/or when the use of stops is, er um, optional. Trading is also easy when backtesting archived data sources to death. The question shouda, coulda, woulda don't even arise.
So don't take the trade. No one is forcing you.