Vanzandt vs. Destriero Trading Competition

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destriero said:
My stuff will be gone weeks before the reports.
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Well first let me say... VZ needs to up his game a tad and venture into previously unexplored territory. Desterio is a worthy opponent. And I love a good challenge. Even if I lose, my $250 to charity will pay off in spades in the trading years ahead. I already know that. And thats a good thing. Its a drop in the bucket compared to the gain. My charities...I will give it to St. Judes or Make-A-Wish. Via Baron. $250 is not enough. I hope I win and Desty gives $500 to one of them. Hell, I'll tell ya what.... even if I win.... I'll still give $250.

Now...I can humbly say I am good at scalping.... and long term directional plays. But we need to change it up for this competition. VZ needs to rethink the game.

Regarding day 1....I don't mind the slight loss on CGC today....its a wildcard play. SYMC made money, and I'm pretty sure... depending on what Desty valued the VMC puts at.... that trade was green too. VMC is going down before the end of August. I will add to that one on strength. I feel good about SYMC and VMC 2 months out.

All that being said... I came off the first tee in a rush and took an oversized position in BAC without thinking first. Right into the f'n lake. Now I can whine and cry and say thats because Desty prodded me with an "he's ignoring the challenge" post... which it was and I shot from the hip in the first hour of trading today...... but I'll take the hit. Zandy blames no one for his f*ck-ups. $2300 in the hole. But to be 100% real, I did think today was the day for the financials to break north of their current funk. Lets see what happens next week, but for now as Desty said.... I'm writing off the entirety of the $3400. I like being the underdog.

Now that I know the rules.... (and I honestly didn't read them before we kicked this off ).... I have to re-think things. $80K and I'm out. That means I need to think a bit. If Desty wants to adjust that to the high-water mark... Thats cool too. Just give me a day or two to regroup.

I'll win this bitch. If not... we'll all be better off for my effort and Desty sharing his knowlege. I already am.

Phones ringing off the hook with sponsorship deals.
Tell Fidelity they need to up their game or VZ switches to IB.
And Surf... No(!).... you can't sell T-shirts.
 
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You need the high water mark or you will just enter numersou gamble option trades hoping for a big winner to carry the day rather than actually make logical trading decisions. That is the paper trading effect here. That is why it seems maybe unrealistic that on the first dayyou entered into 5 to 6 short term option trades unless you truly trade that way....
 
vanzandt said:
...... All that being said... I came off the first tee in a rush and took an oversized position in BAC without thinking first. Right into the f'n lake. Now I can whine and cry and say thats because Desty prodded me with an "he's ignoring the challenge" post... which it was and I shot from the hip in the first hour of trading today...... but I'll take the hit........
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  • 100 BAC July06 29.00 calls at $0.34
  • Current bid $0.10.
  • Still another week.
  • Options don't trade in a linear fashion, they are volatile.
  • Down 70% one day, up 300% the next day.
But I must reiterate - I think you would be better off buying calls on the FANG stocks and their close cousins - TSLA, NFLX.
 
vanzandt said:
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Fun thread. So many messages in one day. I don't get the music part between the two of you though. Are the clips some sort of message?

Here's one of the most fun and difficult piano pieces I never get tired of; no special message of any sort implied. Just for fun:

 
vanzandt said:
Well first let me say... VZ needs to up his game a tad and venture into previously unexplored territory. Desterio is a worthy opponent. And I love a good challenge. Even if I lose, my $250 to charity will pay off in spades in the trading years ahead. I already know that. And thats a good thing. Its a drop in the bucket compared to the gain. My charities...I will give it to St. Judes or Make-A-Wish. Via Baron. $250 is not enough. I hope I win and Desty gives $500 to one of them. Hell, I'll tell ya what.... even if I win.... I'll still give $250.

Now...I can humbly say I am good at scalping.... and long term directional plays. But we need to change it up for this competition. VZ needs to rethink the game.

Regarding day 1....I don't mind the slight loss on CGC today....its a wildcard play. SYMC made money, and I'm pretty sure... depending on what Desty valued the VMC puts at.... that trade was green too. VMC is going down before the end of August. I will add to that one on strength. I feel good about SYMC and VMC 2 months out.

All that being said... I came off the first tee in a rush and took an oversized position in BAC without thinking first. Right into the f'n lake. Now I can whine and cry and say thats because Desty prodded me with an "he's ignoring the challenge" post... which it was and I shot from the hip in the first hour of trading today...... but I'll take the hit. Zandy blames no one for his f*ck-ups. $2300 in the hole. But to be 100% real, I did think today was the day for the financials to break north of their current funk. Lets see what happens next week, but for now as Desty said.... I'm writing off the entirety of the $3400. I like being the underdog.

Now that I know the rules.... (and I honestly didn't read them before we kicked this off ).... I have to re-think things. $80K and I'm out. That means I need to think a bit. If Desty wants to adjust that to the high-water mark... Thats cool too. Just give me a day or two to regroup.

I'll win this bitch. If not... we'll all be better off for my effort and Desty sharing his knowlege. I already am.

Phones ringing off the hook with sponsorship deals.
Tell Fidelity they need to up their game or VZ switches to IB.
And Surf... No(!).... you can't sell T-shirts.
More...
 
So far, this appears to by a "puppies and kittens" competition. You guys have the "raisins" to accept another challenger to make this a "The good, the bad, and the ugly" type of battle?

I'm thinking along the lines of $100 to $500 to or from each of you for charity.

If you both are up for it, my trading will be fully option based on SPY, VXX, and the more active options on higher beta Dow stocks. Option duration will be from 2 to 10 days. Trade types will include modified strangles, long options, and short option positions. Money management will be automatic position liquidation if intraday loss reaches 2%. Stop losses will be generally based on day trading methodology and will a time based component built in, but the 2% rule is overriding. Stops will be adjusted daily.

My basic strategy will generally attempt to profit from theta decay, day trading statistically-based edges, and money flow correlation.

Most of my trades will have a small directional and delta bias.

I slowly lift up my head, revealing my face previously hidden by my cowboy hat and say, "you guys upset my donkey... now if you were to apologize..."

What say you?
 
2d6h5s.jpg
 
maximumpossiblesuffering said:
So far, this appears to by a "puppies and kittens" competition. You guys have the "raisins" to accept another challenger to make this a "The good, the bad, and the ugly" type of battle?

I'm thinking along the lines of $100 to $500 to or from each of you for charity.

If you both are up for it, my trading will be fully option based on SPY, VXX, and the more active options on higher beta Dow stocks. Option duration will be from 2 to 10 days. Trade types will include modified strangles, long options, and short option positions. Money management will be automatic position liquidation if intraday loss reaches 2%. Stop losses will be generally based on day trading methodology and will a time based component built in, but the 2% rule is overriding. Stops will be adjusted daily.

My basic strategy will generally attempt to profit from theta decay, day trading statistically-based edges, and money flow correlation.

Most of my trades will have a small directional and delta bias.

I slowly lift up my head, revealing my face previously hidden by my cowboy hat and say, "you guys upset my donkey... now if you were to apologize..."

What say you?
More...

Absolutely.


El OchoCinco said:
2d6h5s.jpg
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Whats up with the kitty fetish?
 
maximumpossiblesuffering said:
So far, this appears to by a "puppies and kittens" competition. You guys have the "raisins" to accept another challenger to make this a "The good, the bad, and the ugly" type of battle?

I'm thinking along the lines of $100 to $500 to or from each of you for charity.

If you both are up for it, my trading will be fully option based on SPY, VXX, and the more active options on higher beta Dow stocks. Option duration will be from 2 to 10 days. Trade types will include modified strangles, long options, and short option positions. Money management will be automatic position liquidation if intraday loss reaches 2%. Stop losses will be generally based on day trading methodology and will a time based component built in, but the 2% rule is overriding. Stops will be adjusted daily.

My basic strategy will generally attempt to profit from theta decay, day trading statistically-based edges, and money flow correlation.

Most of my trades will have a small directional and delta bias.

I slowly lift up my head, revealing my face previously hidden by my cowboy hat and say, "you guys upset my donkey... now if you were to apologize..."

What say you?
More...



No.

Start your own journal. It’s already a PITA to monitor VZ’s NBBO as I have to go back and look at the chart of each single he trades. We’re not doing any naked short combos here. That alone would violate the rules.
 
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