Why do they do it?

This is a discussion on Why do they do it? within the General Trading Chat forums, part of the T2W Archive category; Hmm, it might. Thus buy the put spread, and take profit once it gets to 30% of its full value? ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jan 27, 2011, 1:59pm   #145
Joined Jan 2009
Re: Why do they do it?

Hmm, it might. Thus buy the put spread, and take profit once it gets to 30% of its full value?

But buying low delta payouts leads to a high number of losing trades with the occasional winner, our cognitive bias don't like that, no sir!
__________________
Someone shoot me if I get to 3,500 posts
meanreversion is offline   Reply With Quote
Old Jan 27, 2011, 2:14pm   #146
Joined Apr 2006
Re: Why do they do it?

Quote:
Originally Posted by DionysusToast View Post
Pay for the trading thing, you lose your life savings.
There are one or two cases that I'm aware of where individuals topped themselves when the realisation finally hit them that their guru wasnt all quite he made out to be.

Still its a big boys game and their loss is our gain.
the hare is offline   Reply With Quote
Old Jan 27, 2011, 2:25pm   #147
 
Masquerade's Avatar
Joined Nov 2007
Re: Why do they do it?

Quote:
Originally Posted by the hare View Post
Still its a big boys game and their loss is our gain.
That's really not true, a lot of these start up retail traders will be using spread betting/OTC retail FX brokers so their loss has 0 impact on you.
Masquerade is offline   Reply With Quote
Old Jan 27, 2011, 2:40pm   #148
Global Moderators are volunteer members with senior administrative powers to moderate all forums.
 
counter_violent's Avatar
Joined Aug 2004
Re: Why do they do it?

I'm completely at odds with 95% of posts in this thread.

Let me try and explain something. If you have an expectation of a trade direction, then the thing that proves the trade is the delivery of that expectation...in other words...when you are in the zone and things are going your way, that is the time to milk it for all it's worth.
It's exactly the same thing with Robster's poker quote. You have to press your advantage when that time comes.
When a boxer has someone on the ropes, he doesn't back off...he steps up his game to try and finish the job off !
__________________
Spreading the madness across this suite of forums.
Spreading the madness across this suite of forums.
Spreading the madness across this suite of forums.
counter_violent is offline   Reply With Quote
Thanks! The following members like this post: trade321
Old Jan 27, 2011, 2:51pm   #149
 
Masquerade's Avatar
Joined Nov 2007
Re: Why do they do it?

Quote:
Originally Posted by counter_violent View Post
When a boxer has someone on the ropes, he doesn't back off...he steps up his game to try and finish the job off !
How did that work out for George Foreman?
Masquerade is offline   Reply With Quote
Thanks! The following members like this post: Black Swan , meanreversion
Old Jan 27, 2011, 2:54pm   #150
Joined Mar 2009
Re: Why do they do it?

Quote:
Originally Posted by counter_violent View Post
I'm completely at odds with 95% of posts in this thread.

Let me try and explain something. If you have an expectation of a trade direction, then the thing that proves the trade is the delivery of that expectation...in other words...when you are in the zone and things are going your way, that is the time to milk it for all it's worth.
It's exactly the same thing with Robster's poker quote. You have to press your advantage when that time comes.
When a boxer has someone on the ropes, he doesn't back off...he steps up his game to try and finish the job off !
When I first read that, I read broker not boxer
SanMiguel is offline   Reply With Quote
Old Jan 27, 2011, 3:01pm   #151
Global Moderators are volunteer members with senior administrative powers to moderate all forums.
 
counter_violent's Avatar
Joined Aug 2004
Re: Why do they do it?

Quote:
Originally Posted by counter_violent View Post
I'm completely at odds with 95% of posts in this thread.

Let me try and explain something. If you have an expectation of a trade direction, then the thing that proves the trade is the delivery of that expectation...in other words...when you are in the zone and things are going your way, that is the time to milk it for all it's worth.
It's exactly the same thing with Robster's poker quote. You have to press your advantage when that time comes.
When a boxer has someone on the ropes, he doesn't back off...he steps up his game to try and finish the job off !
Add evidence of winners mentality.
Even the player name choice is designed to make the opposition doubt themselves.
Attached Thumbnails
poker-win-tourney.png  
__________________
Spreading the madness across this suite of forums.
Spreading the madness across this suite of forums.
Spreading the madness across this suite of forums.
counter_violent is offline   Reply With Quote
Old Jan 27, 2011, 3:02pm   #152
 
bedsit's Avatar
Joined Sep 2009
Re: Why do they do it?

Quote:
Originally Posted by meanreversion View Post
I watched Hougaard's room for a few days.. he alerts you to what he is about to do, "get ready to buy eurusd", then there'll be a pause of a few minutes and he'll type "ok bought at 52".. at which point you look at the screen and see a rate of 53/54.

That's not to say that he didn't buy at 52 of course, it's just that it's very hard for the user to replicate.

His website carries links to the Saxo platform, so it's a safe bet he'll get a rebate from any of his subscribers who sign up to that platform. But fair play to the man, he's putting his calls out there and his record is pretty good.
I'm not impressed with the results: October +72 points, November +139 and Dec. -14
bedsit is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)