Vanzandt vs. Destriero Trading Competition

[Gotcha]

Asking for screen shots was pretty pointless.
This competition should have been run with all calls made on this journal, also entered into a demo brokerage account, and the full blotter of each account posted and the end of each day by each person.
Probaly a bit late for that now.

I fully believe destriero is trading real money, real fills, and VZ is paper trading, but trying to do so properly via legitimate and marketable fills.

 

[destriero]

Interesting backstory, but clearly one's political views have nothing to do with their ability to trade or their understanding of the markets.

What I find interesting is this. You're obviously the options guy. There was another respected member here, rallymode, who recently said that he couldn't trade direction to save his life. It seems to me that guys who trade options and all these spreads and butterflies etc., do so not because of their ability to trade direction, but their ability to squeeze out mathematical edges from all the complexities of the different strikes and expiries, etc.

Furthermore, trading direction, especially via Price Action, is so vastly different from what you do, that I think its easy to conclude that one camp doesn't know anything from the other camp and can easily assume that they don't know what they are doing. Obviously with trading, the only thing that matters is PnL, and hence why this thread is so awesome, but I think often much confusion and many arguments stem from the fact that people are doing things from different angles and talking about thing they don't know enough about, even if they know enough from the little part they focus on.

There is a lot of (my) backstory here that you're unaware of. My trading career paralleled "Kevin Schmit" to a degree and we were at competing firms. I've posted arbs to this forum that were still being exploited when they were made public.

I would be happy to have gone with a futures or shares-only competition. Options are a tool; a price and vol-bet is implicit with every trade.

 

[vanzandt]

Now I remember, I went back and looked.... it was when I clicked over here and read Freddies post

All in all, I'm guessing this thing won't happen. Call it a hunch.

And I just jumped on the BAC trade.... and then entered the fray. Hell the only reason I'm down is that trade. But Like I said... no problem. I don't mind starting out behind this guy.

And ya know what, I even wrote a light hearted post complimenting him.... I have no qualms whatsoever admitting he knows more about trading than I do. So I write a post... and he remains a jerk. So whatever.... I might just put him and ocho-cinco and RRy on ignore for the duration and hope he's enough of a gentelman not to cheat.
Wastin waaaaaaaay too much time in this kindergarten playground. Ya'll have at it. If I make a trade tomorrow I'll post it.
Now lets all let Desterio have the last word.... he always does.

 

[destriero]

Anyway, I don't want Magna to have a heart attack dealing with cleanup, so I am done interacting with the hecklers, including vanzandt. I did this solely to shut down a troll and I intend to do so over the next two months.

I will reply to his wins and losses accordingly.

 

[destriero]

Now I remember, I went back and looked.... it was when I clicked over here and read Freddies post


And I just jumped on the BAC trade.... and then entered the fray. Hell the only reason I'm down is that trade. But Like I said... no problem. I don't mind starting out behind this guy.

And ya know what, I even wrote a light hearted post complimenting him.... I have no qualms whatsoever admitting he knows more about trading than I do. So I write a post... and he remains a jerk. So whatever.... I might just put him and ocho-cinco and RRy on ignore for the duration and hope he's enough of a gentelman not to cheat.
Wastin waaaaaaaay too much time in this kindergarten playground. Ya'll have at it. If I make a trade tomorrow I'll post it.
Now lets all let Desterio have the last word.... he always does.

You have no f*cking basis in reality, whatsoever, to imply that I am cheating when I posted a screenshot for every trade and you've produced NONE.

 

[Gotcha]

I would be happy to have gone with a futures or shares-only competition. Options are a tool; a price and vol-bet is implicit with every trade.

Its a shame this didn't happen. Many on here clearly don't understand these exotic trades, but everyone understands trading direction. I would have loved to see a bunch of your calls for something like ES, to get a sense of your win rate, trade duration, average win/loss, how you scale in/out, etc.

 

[vanzandt]

You have no f*cking basis in reality, whatsoever, to imply that I am cheating when I posted a screenshot for every trade and you've produced NONE.

No... i will give you that. I believe you. And my trades didnt need a screenshot. Pretty simple and straightforward.
The tsla thing threw me tonight. Slow down when you write. Think more.
And I have a like ratio of greater than 3 to 1 with 7.2K posts. Not many in P&R.
Likes by Baron, Magna, Mav, and many others. Hardly a troll here. So nix the name calling.
Simple as that.

 

[vanzandt]

Its a shame this didn't happen. Many on here clearly don't understand these exotic trades, but everyone understands trading direction. I would have loved to see a bunch of your calls for something like ES, to get a sense of your win rate, trade duration, average win/loss, how you scale in/out, etc.

They're not exotic.... spend 30 minutes on Investopedia. Its not rocket-science.

 

[destriero]

No... i will give you that. I believe you.
The tsla thing threw me tonight. Slow down when you write. Think more.
And I have a like ratio of greater than 3 to 1 with 8K posts. Not many in P&R.
Likes by Baron, Magna, Mav, and many others. Hardly a troll here. So nix the name calling.
Simple as that.

Dude, stop.

I would've been castigated for taking too long to post. You've produced zero evidence to back anything that you've posted. It's common practice in futures to post the four digits and I did so as to not waste time.

There isn't a futures trader on this site who would have misunderstand what I wrote. Your shit looks like chicken scratches. F*cking Aramaic.

Here's a futures primer.

ESU8 @ 2724.00. Abbreviated as "24.00"
ESU8 @ 2716.00 = "16.00"

There, you know enough not to make a fool of yourself.

 

[destriero]

No... i will give you that. I believe you. And my trades didnt need a screenshot. Pretty simple and straightforward.
The tsla thing threw me tonight. Slow down when you write. Think more.
And I have a like ratio of greater than 3 to 1 with 7.2K posts. Not many in P&R.
Likes by Baron, Magna, Mav, and many others. Hardly a troll here. So nix the name calling.
Simple as that.

Oh you have a like from Baron. That's awesome. You really wrote that.