ducati916 said:I suppose the basic message to take away is that markets have a number of cycles and there are a number of strategies that maximise risk/reward ratios within those cycles.
Recognition that a cycle is becoming mature is all that is required, absolutely accurate timing is not a prerequisite. Accuracy in timing is difficult, and fraught with false positives.
jog on
d998
duc, my philosophies are probably more fatalistic... maybe something like "timing has a lot to do with the outcome of a rain dance"? sorry if this clashes with the formulae or if seen as irreverent.ducati916 said:Accuracy in timing is difficult, and fraught with false positives.
lesm said:Duc,
A very good message and one that people should try and understand, as we are not dealing in an area that can be considered an exact science.
Cheers.
I'm sure TechA & co may think my stop loss attitude puts me in the peanut gallery but I certainly spend a lot of time soaking up every tidbit of wisdom & testing it. Everyone says DYOR & that gos for such things as stop losses too. I'm probably trading in an unconventional manner compared to others so "horses for courses."Rob_ee said:Agree with you totaly Out To Soon re comments about Tech/a.
Are you a peanut or an owl ??? .... just curious in light of your post about the dumb brigade who execute stop losses.
It was Tech who instilled in me the need to bail at the 1st sign of trouble and be vigilant and firm in stop loss execution.
Watching his many examples of chart analysis is something to behold and embrace.. I greatly appreciate his generosity in sharing and even bothering
Rob
wayneL said:Here is a video on gamma trading (similar to what we're talking about here) the only difference is that duc and I prefer to go out in expiry and be longer on vega (betting that volatility will increase)
http://www.options-university.com/Videos/GammaTrading/
It's a marketing video, but gives a good idea of the technique.
Interesting quote and your point is?tech/a said:"The head of the serpent is in continual motion while its body remains still."
OTS,Out Too Soon said:I'm sure TechA & co may think my stop loss attitude puts me in the peanut gallery but I certainly spend a lot of time soaking up every tidbit of wisdom & testing it. Everyone says DYOR & that gos for such things as stop losses too. I'm probably trading in an unconventional manner compared to others so "horses for courses."
barney said:Hi Duc, If I were to put the above scenario into laymans terms would this be close to the money?? ...............
We are having an each way bet on a football match, and betting on both teams at the same time ................ we are able to increase/decrease our bets as the match unfolds to increase our exposure to a positive outcome (we are hoping it is a high scoring/wide ranging scoreline) ............. and the best part is we don't have to wait until the game is finished to cash our bets in??
Therefore, the worst case scenario would be to initially pick the wrong team to win (trend changes), or for the game to be a long drawn out affair with very little range in the scoreline??
Am I on the right track, or am I missing something important? Cheers.
Out Too Soon said:Thanks Barney!
If you keep making posts like that I may start learning about options. I know I have to soon.
ATM whenever I start reading about options the article/or whatever quickly becomes gobbledygook-technical terms even though the basic idea behind options is simple enough the detail is mind-mushing.
tech/a said:"The head of the serpent is in continual motion while its body remains still."
tech/a said:So Friday was seen by some on this thread as a good buy day.
How about today?
It sure was!dubiousinfo said:Friday was a good day for buying puts.
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