Why do they do it?

This is a discussion on Why do they do it? within the General Trading Chat forums, part of the Reception category; Originally Posted by meanreversion Where's Howard these days, has he gone a bit quiet? Dunno - we haven't had a ...

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Old Jan 27, 2011, 2:50pm   #141
 
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Re: Why do they do it?

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Originally Posted by meanreversion View Post
Where's Howard these days, has he gone a bit quiet?
Dunno - we haven't had a spike, so he's not been wiped out yet...
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Old Jan 27, 2011, 2:51pm   #142
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Re: Why do they do it?

This market is almost 100% perfect for him. Better to be lucky than good... ?!?!
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Old Jan 27, 2011, 2:52pm   #143
 
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Re: Why do they do it?

probably rolling on a bed full of his 10% per month
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Old Jan 27, 2011, 2:53pm   #144
 
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Re: Why do they do it?

Agree MR. Does that mean flipping the strat on it's head will benefit from vol?
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Old Jan 27, 2011, 2:59pm   #145
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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!
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Old Jan 27, 2011, 3:14pm   #146
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Re: Why do they do it?

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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.
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Old Jan 27, 2011, 3:25pm   #147
 
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Re: Why do they do it?

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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.
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