Yea, I need 2 or 3 trend days. Slippage on such a huge acct.
makes it impossible to trade for small gains, at least until I get it to about 200-300 bucks. With that kind of size, watch out Market!!
Urgent Message From Rennick
- Thread starter William Rennick
- Start date
Yea, I need 2 or 3 trend days. Slippage on such a huge acct.
makes it impossible to trade for small gains, at least until I get it to about 200-300 bucks. With that kind of size, watch out Market!!What are you doing Contrary? In the case of neutral calls, your system of scoring is flawed and he is cheating/stealing you.
Why? Your definition for a range is a (STRADDEL-STRANGLE(at 0.05%)). A this has a premium. You should be able to know the value of that premium by runing an option model for the number of hours you tracking him.
Which index are you using? I can check it up for you.
He will have to beat the option premium per market call for neutral calls.
Therefore you should report the total points DIVIDED by the number of calls.
William Rennick is getting from you a BUTTERFLY for FREE! He is in effect buying something worthy and paying nothing for it.
A way to measure him in neutral calls, is to put next to the column the value of the PREMIUM, and we will see if he beats it by running the average (not the total).
Dow finishes at +90, a move of -19. Correct call.Quote from William Rennick:
WED. 8/27 1:33 pm dow +109
The "Ball" remains NEUTRAL calling for FLAT Market action this afternoon. Expect the Averages to roughly maintain current levels.
With the threat of Gustav, and also the revelation that this current strength is rumor related my trading gut (not the "Ball") is contrarian on this seemingly bearish news and I think we should remain neutral, but with a positve bias into the close. Predicted close dow+153
and so it has been foretold...
The Amazing Rennick out
Neutral calls:
4 correct, net gain/loss: +74
0 incorrect
Strong calls:
0 correct
0 incorrect
Weak calls:
0 correct
0 incorrect
To say this mornings action was anything but "strong, positive market action" is ignorant. Since when is a neutral call correct within such a large positive range? This is plain foolish, kinda like this entire thread.
The ball gets two "correct" credits for the "flat" calls on a day which had an almost 200 point range?! With this type of determination, I can call "flat market" every day and I'll be right 90% of the time!
If William Rennick made a strong call this morning, he would have cried from the roof the same argument you just made to put the score for himself or change the rules again, or both.
Isn't true Billy? I know you are smiling while reading this because you know I know how you think you sneaky bastard....
Someone hand this dink the "Trading for Dummies" book. Post your calls on ET or shut your yapper.
Rennick out
Exactly. And that is what an option model would price it at!
Is it me, or do people like ghostzapper come out of no-where, read a few posts and are (gut) moved to vocalize a "formed" opinion - - when just a few post of prior reading would easily put egg on their face?
The parameters have been defined and until changed - are all we have to go on.
RFT - take a flying leap off the back-end of your volatile (implied) a*s!
Again you "highly-educated" NoObs, all the "Ball" said today was don't trade. So none is lost and none is gained.
Rumor appeared and dictated that the "astute" trader may have made a buck or two - oh well.
Get over the "right" and "wrong" analysis and that this "bastard" is manipulating that "bastard". The only thing manipulated is (sadly) the $$$ coming out of your account.
The parameters have been defined and until changed - are all we have to go on.
RFT - take a flying leap off the back-end of your volatile (implied) a*s!
Again you "highly-educated" NoObs, all the "Ball" said today was don't trade. So none is lost and none is gained.
Rumor appeared and dictated that the "astute" trader may have made a buck or two - oh well.
Get over the "right" and "wrong" analysis and that this "bastard" is manipulating that "bastard". The only thing manipulated is (sadly) the $$$ coming out of your account.
LOL. Yeah, probably true.Quote from riskfreetrading:
If William Rennick made a strong call this morning, he would have cried from the roof the same argument you just made to put the score for himself or change the rules again, or both.
Isn't true Billy? I know you are smiling while reading this because you know I know how you think you sneaky bastard....
Although, I must say that I will not be applying the 0.5% Move Rule to Strong and Weak calls. So if Willie makes a Strong call, and the Dow goes up only 1 point after his call, that will still be correct. Why? Because if you traded that, then you would have still made a profit.
It's only for the Neutral calls that I will apply the 0.5% Move Rule. There was a lot of crying and screaming by Willie and his Groupies after a previous Neutral call was called wrong when the Dow moved a little over 0.3%. But like I said before, I don't think the accuracy of the Neutrals matters. A neutral call means you don't trade, and it doesn't matter if it gets judged correct or incorrect. I am really interested in seeing the accuracy of the Strong and Weak calls, although at this rate, we may never see one again.