I'm Nearly in THAT 90% Category

This is a discussion on I'm Nearly in THAT 90% Category within the General Trading Chat forums, part of the Reception category; agreed, Windowsill....

Reply
 
LinkBack Thread Tools Search this Thread
Old Nov 3, 2009, 10:43pm   #78
Joined Nov 2009
agreed, Windowsill.
jaspertrademaster is offline   Reply With Quote
Old Nov 3, 2009, 11:06pm   #79
 
zupcon's Avatar
Joined Nov 2004
Quote:
Originally Posted by Windowsill View Post
Its a well known fact that if do the opposite to a complete novice you will end up!...by the same amount!!!!....I have done it acting as a hedge fund!!!!.
and of course when the complete novice gets a winning trade, you'll be down by the same amount.

The complete novice is trading at completely at random, and that means you are also trading at random, and so over time, you'll get the same results

Theres nothing wrong with randomly opening trades, but you dont need the time and trouble of roping in an accomplice, a coin will will do just fine.
zupcon is offline   Reply With Quote
Old Nov 3, 2009, 11:17pm   #80
 
virtuos0's Avatar
Joined Apr 2009
Quote:
Originally Posted by Windowsill View Post
Why not .....?
If all stops & limits had been swopped around.

The contrast with a homeless person is just stupid.

Its a well known fact that if do the opposite to a complete novice you will end up!...by the same amount!!!!....I have done it acting as a hedge fund!!!!

I mention it to provoke some thought.



It amazes me that you even have people agreeing with you...Its laughable.
Firstly let us imagine that we weren't even talking about human beings but emotion free algo's, one algo sells and the other buys at the exact same time using market orders, and they both take profit and stop losses at ten pips. Does one win what the other loses? Absolutely not, because of the effects of slippage. It's more than possible, in fact it's common for there to be slippage on the buy side and not on the sell side, depending on available liquidity and volatility.

As far as a human trader finding he has a losing system and choosing to do the opposite, as Zupcon points out all you are doing is picking the other side of the coin. Because of the spread you pay you will lose in the long run. It's no different than the guy in a coin toss game seeing that after 100 flips he has picked heads and is 60:40 down, and deciding to swap and pick tails for the next 100 flips. Is he then going to automatically win 60:40 as he would have in the previous set of flips? Of course not!
virtuos0 is offline   Reply With Quote
Old Nov 4, 2009, 10:39am   #81
Joined Oct 2009
thats amazing
forexpeters is offline   Reply With Quote
Old Nov 4, 2009, 12:53pm   #82
 
Windowsill's Avatar
Joined Dec 2004
Quote:
Originally Posted by zupcon View Post
and of course when the complete novice gets a winning trade, you'll be down by the same amount.

The complete novice is trading at completely at random, and that means you are also trading at random, and so over time, you'll get the same results

Theres nothing wrong with randomly opening trades, but you dont need the time and trouble of roping in an accomplice, a coin will will do just fine.
I agree, but I don't think a complete novice with a little experience is completely random. However I'm not proposing this as a good system of trading either. Might work against vendors though!

My initial thoughts when commenting open the lack of success enjoyed by the thread starter was to look at the problem from a different angle.

Obviously there is a lot more to it than that, but thought is the most useful edge, it just needs a helping hand.
__________________
Windowsill is offline   Reply With Quote
Old Nov 4, 2009, 12:55pm   #83
 
Windowsill's Avatar
Joined Dec 2004
Quote:
Originally Posted by virtuos0 View Post
Firstly let us imagine that we weren't even talking about human beings but emotion free algo's, one algo sells and the other buys at the exact same time using market orders, and they both take profit and stop losses at ten pips. Does one win what the other loses? Absolutely not, because of the effects of slippage. It's more than possible, in fact it's common for there to be slippage on the buy side and not on the sell side, depending on available liquidity and volatility.


As far as a human trader finding he has a losing system and choosing to do the opposite, as Zupcon points out all you are doing is picking the other side of the coin. Because of the spread you pay you will lose in the long run. It's no different than the guy in a coin toss game seeing that after 100 flips he has picked heads and is 60:40 down, and deciding to swap and pick tails for the next 100 flips. Is he then going to automatically win 60:40 as he would have in the previous set of flips? Of course not!
This is pointless.
__________________
Windowsill is offline   Reply With Quote
Old Nov 4, 2009, 3:22pm   #84
 
virtuos0's Avatar
Joined Apr 2009
Quote:
Originally Posted by Windowsill View Post
This is pointless.
Proving that someone is a **** is never pointless.
virtuos0 is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Guest Category ? Trader333 T2W Feedback & Announcements 3 Jan 7, 2008 4:04pm

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