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2017 Trading Thread 2017 Trading Thread

12-15-2017 , 09:08 PM
That sounds like TA.

Come on man, agree to the bet!
12-15-2017 , 09:13 PM
Quote:
Originally Posted by BrianTheMick2
No need to post in real time. I'd prefer that you just open up a paper trading account and we can watch you do your thing. Start date of 1/1/2018 work for you? It has to be a USD denominated pretend account. I'm not willing to bet on AUD dipping in addition to betting against you.

You set the payoff weirdly, so I have to go with the 2:1 choice. If the paper trading thing is agreeable and we can agree on what platform it should be on, we have a bet.
I guess that could work. I'd rather post in real time here though. IB has paper trading but you have to pay for two sets of data, you can't share them, and I don't want to have two screens open all the time for < 10 trades I'll make to win this.

If I post in real time, with historical data we can check the exact options bid/ask at the minute of the trade. Mods can see if a post is edited in the five minute window before edits becomes visible to all. Seems infallible. It seems to me there would be ways to game paper trading. If paper trading options is even possible apart from IB.

I enjoy bets where both sides think they're getting the best of it.
12-15-2017 , 09:20 PM
Quote:
Originally Posted by ToothSayer
I guess that could work. I'd rather post in real time here though. IB has paper trading but you have to pay for two sets of data, you can't share them, and I don't want to have two screens open all the time for < 10 trades I'll make to win this.

If I post in real time, with historical data we can check the exact options bid/ask at the minute of the trade. Mods can see if a post is edited in the five minute window before it becomes visible to all. Seems infallible. It seems to me there would be ways to game paper trading. If paper trading options is even possible apart from IB.

I enjoy bets where both sides think they're getting the best of it.
I'm not willing to work that hard, and I'm going to guess that you already have the data feeds necessary since you are already trading real money. Just don't pay twice for the same data.
12-15-2017 , 09:27 PM
It should only be a couple of lines of additional code to trade the paper account on top of your real accounts, right?
12-15-2017 , 09:30 PM
Then disable the code once you've hit the target to win the bet. Doesn't even need to be coded in ahead of time.
12-15-2017 , 09:31 PM
There's no work required verifying 10 real time posted trades on 2p2. I can post a screenshot of the prices at entry/exit. Any lies would be instantly caught out by anyone with options market data. Not to mention, I need huge moves in the underlying to get there and it'll be obvious the numbers are correct.

If you insist on paper trading, it looks like you can share market data with your paper trading on IB as long as you're on the same device. Thing is though, IB provides delayed quotes if you have two devices open, so it'd be a cinch to game this to win. I probably should since you're stupidly insisting on cheatable paper trading rather than uncheatable real time posted trades, which is just asking to be cheated.

Up to you. Will do IB paper if you want, or other platform of your choice
12-15-2017 , 09:42 PM
Does IB paper accounts allow you to trade at the delayed prices? If so, that would be me ****ing myself. If not, it seems fair
12-15-2017 , 09:53 PM
I'm not sure but I think it does.

I might just create a linked IB real money account instead, and put $1K in it. Then the trades will show up in the market data volume history as well for extra verification. Plus real slipppage, etc.

Will have this set up by new year. Bet is on.
12-15-2017 , 09:53 PM
It should take a few minutes tomorrow for you to confirm or deny. Just place some paper option trades on anything that moves violently tomorrow and let me know if the lag between paper trading and real life options are weird.
12-15-2017 , 09:57 PM
Quote:
Originally Posted by ToothSayer
I'm not sure but I think it does.

I might just create a linked IB real money account instead, and put $1K in it. Then the trades will show up in the market data volume history as well for extra verification. Plus real slipppage, etc.

Will have this set up by new year. Bet is on.
Ignore my last post. A real money account fixes every issue that I can think of. I agree in total if you just do it in real money. Yay!

Try to keep at least $500 in your checking account so you can pay up.
12-15-2017 , 09:58 PM
Not AUD, mind you. Real actual crinkly USD.
12-15-2017 , 10:07 PM
Come on man. This is a no brainer bet of all time for you. I'm not even betting on my results against yours.
12-15-2017 , 10:08 PM
If you listen closely, you can hear the internet chanting softly "do it. do it. do it"
12-15-2017 , 10:08 PM
Add in that it will totally piss me off if you win.
12-15-2017 , 10:09 PM
Easy bet. Make it.
12-15-2017 , 10:29 PM
I think he did

Quote:
Originally Posted by ToothSayer
Will have this set up by new year. Bet is on.
12-15-2017 , 10:39 PM
Quote:
Originally Posted by de captain
I think he did
"might just" is confusing.
12-15-2017 , 10:44 PM
Bet's on. Just have to create and approve the linked account which take a week or two, IB only links accounts every Friday.

I'll be humiliated if you win this.

Last edited by ToothSayer; 12-15-2017 at 10:47 PM. Reason: gonna be sweet
12-15-2017 , 10:46 PM
Quote:
Originally Posted by :::grimReaper:::
I think yield flattening and recession is a case of "correlation is not causation". Rate hike expectations do not result in a parallel shift in the yield curve, so naturally you'll see the yield curve flatten during a tightening cycle. Then the next question is, why don't investors seek similar yields on shorter bonds? Perhaps there's simply enough cash where investors want to "lock" in today's yields for a longer period and there simply hasn't been much inflation, despite the economy being sound. But who knows.
I like my answer more than Yellen's
12-15-2017 , 10:47 PM
Quote:
Originally Posted by ToothSayer
Bet's on. Just have to create and approve the linked account which take a week or two, IB only links accounts every Friday.

I'll be humiliated if you win this. I think I'm > 95% to take this out.
Easily worth $1k.
12-16-2017 , 02:04 AM
funny seeing each one of them arguing for worse odds. Paper trading would make this so much easier
12-16-2017 , 04:02 AM
Quote:
Originally Posted by ibavly
funny seeing each one of them arguing for worse odds. Paper trading would make this so much easier
If we were betting more than a nominal amount, I'm sure that we'd have not come to an agreement. I will be disappointed if I lose the bet and don't get $1000 worth of entertainment value.
12-16-2017 , 07:44 AM
Quote:
Originally Posted by ToothSayer
I don't consider simple price and volume observations to be technical analysis.

This is pretty much the definition of technical analysis

When I say "the stock is up 40% more than the market in the past week", that's not technical analysis, that's pure observation.

True

When I say "the volume is spiking on this news selldown and panic selling has begun", that's not technical analysis, that's observing market psychology.

100% technical analysis

If you want to define the term "technical analysis" to encompass anything related to price or volume, then sure, even value investors do technical analysis because they look at the price before buying.

Okay because it is TA. TA is simply a visual representation of the market

Technical analysis to me is a little more. Rather than observing the moment as I do when I notice that a stock's options vol has spiked 50% in 20 minutes and therefore is likely to come down, it's about observing trends, support and resistance levels, etc. Reading things in to past events and levels and lines. Observing that something is "ripping higher" or "probably sold down about as much as the news is worth" isn't technical analysis.

Technical analysis can be many things to many different people. Noticing things happening in the market or types of movements or volume/volatility spikes with or without a fundamental view is most definitely technical analysis. You use it yourself likely every trade. Why do you have to act like such a jerkoff when discussing it?
TA is just a visual representation of the market. If you look at a chart you are using it if even subconsciously. TA often confirms those "news" events you are so fond of. One of the best signals is when seemingly bullish or bearish news comes out and the market either doesn't react or goes the other way.
12-16-2017 , 08:47 AM
Next you'll be claiming that when I look at the stars to navigate, I'm doing astrology.

Looking at the price and volume is not technical analysis, sorry. Technical analysis is stuff like believing that support and resistance are real things, believing that you'd found a particular pattern purely on price action where you have 2:1 odds of winning the trade or get paid 3:1 half the time, stuff like that.

Looking at how far something has moved or on what volume doesn't meet the threshold to be called technical analysis. Oversold and overbought are not technical analysis.

You can overreach in a desperate attempt to give your astrology credibility and wider acceptance, but few people would accept your view that that's technical analysis, and highly winning traders laugh at technical analysis.

Note that I'm talking about equities; commodities which you trade are different and i have no opinion.

      
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