BMW E60 5-Series Forum | 5Post.com  
BMW Garage BMW Meets Register Today's Posts  

Go Back   BMW E60 5-Series Forum | 5Post.com > BIMMERPOST Universal Forums > Off-Topic Discussions Board

Post Reply
 
Thread Tools Search this Thread
      09-01-2009, 10:39 PM   #23
samwoo2go
Banned
442
Rep
779
Posts

Drives: E92 335i
Join Date: Sep 2007
Location: SoCal

iTrader: (12)

I guess I made the right choice after all because I can buy now at 36 and be at a lower position than previously. shouldda dumped 100% tho. o well average FTW
Appreciate 0
      09-01-2009, 10:46 PM   #24
ideliver
Major
ideliver's Avatar
240
Rep
1,247
Posts

Drives: E60 M5, E71 X6M, E46 M3
Join Date: Feb 2008
Location: At the gas station

iTrader: (0)

Garage List
2006 BMW E46 M3 'vert  [0.00]
2008 BMW M5  [0.00]
2011 BMW E92  [0.00]
2012 BMW X6M  [0.00]
2003 E46 M3  [0.00]
traders.... you are better off betting sports than trading...
__________________
Current: 2006 E46 M3 'vert 6-sp 2008 E60 M5, 2011 E92 328 6-sp, 2011 E70 N55, 2012 E71 X6M

Appreciate 0
      09-02-2009, 07:43 AM   #25
gonzo
Lieutenant General
gonzo's Avatar
United_States
10200
Rep
14,398
Posts

Drives: as many as possible
Join Date: Jan 2007
Location: TeXXXas

iTrader: (0)

Quote:
Originally Posted by ideliver View Post
traders.... you are better off betting sports than trading...
My F.A. has never come to my door late at night with a baseball bat like my book did while at college.
__________________
Crazy Diamond
Appreciate 0
      09-02-2009, 09:09 AM   #26
MJC///M3
Colonel
MJC///M3's Avatar
United_States
87
Rep
2,324
Posts

Drives: 09 SSII E92 M3
Join Date: Aug 2008
Location: Bronx, NYC

iTrader: (0)

alright boys.....at 33.821 right now....

who had the ballz to short this sucker at 50....cuz you're sittin pretty right now if ya did....

glad I didn't take the sept. 60s....hahah ..would have been cleaned out.

pump and dump is the norm

if you guys have BBG....check out the <OMON> screen....look at the premiums on the options ...Sept 30 puts fetching 3.05/3.14 ....big volume...looks like the big boys are dumping and running....
__________________
"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
Appreciate 0
      09-02-2009, 10:22 AM   #27
gonzo
Lieutenant General
gonzo's Avatar
United_States
10200
Rep
14,398
Posts

Drives: as many as possible
Join Date: Jan 2007
Location: TeXXXas

iTrader: (0)

Hovering back up near 35.....
__________________
Crazy Diamond
Appreciate 0
      09-02-2009, 11:11 AM   #28
jaiman
Captain
20
Rep
658
Posts

Drives: very fast
Join Date: Jul 2007
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by ideliver View Post
traders.... you are better off betting sports than trading...
So true. Amateurs don't have a clue and have no edge. They don't even know how to measure their trading to know whether they are good at it or not.
Appreciate 0
      09-02-2009, 06:22 PM   #29
SPC LV
Private First Class
11
Rep
133
Posts

Drives: 335i coupe
Join Date: Jul 2006
Location: Wilm DE

iTrader: (0)

I bought a put at 54. I would rather have shorted it but there were no available shares to short. Ever since they made short selling illegal its hard to short a lot of stocks.
Appreciate 0
      09-02-2009, 07:32 PM   #30
BigDog
Major
United_States
323
Rep
1,080
Posts

Drives: YMB F80
Join Date: Jul 2005
Location: NYC

iTrader: (1)

Quote:
Originally Posted by SPC LV View Post
I bought a put at 54. I would rather have shorted it but there were no available shares to short. Ever since they made short selling illegal its hard to short a lot of stocks.
LOL

give up now while you still have your money... you clearly are clueless beyond a doubt....
__________________
Appreciate 0
      09-02-2009, 08:40 PM   #31
SPC LV
Private First Class
11
Rep
133
Posts

Drives: 335i coupe
Join Date: Jul 2006
Location: Wilm DE

iTrader: (0)

I meant NAKED short selling illegal. Give up now??? I sold the put at 40 retard and I'm up 150% for the year. I dont think ill be giving it up any time soon. Know what ur talking about before ur fingers touch the keyboard.

If u dont think i know what im talking about, go try shorting aig and tell me how it works out for ya there.
Appreciate 0
      09-03-2009, 12:50 AM   #32
BigDog
Major
United_States
323
Rep
1,080
Posts

Drives: YMB F80
Join Date: Jul 2005
Location: NYC

iTrader: (1)

Quote:
Originally Posted by SPC LV View Post
I meant NAKED short selling illegal. Give up now??? I sold the put at 40 retard and I'm up 150% for the year. I dont think ill be giving it up any time soon. Know what ur talking about before ur fingers touch the keyboard.

If u dont think i know what im talking about, go try shorting aig and tell me how it works out for ya there.
I go long/short AIG on a regular basis.... I manage an algorithmic trading desk... high freq equity pairs systems being one of the major focuses....i think it's safe to say I know what I'm talking about before my finger touch the keyboard

i digress... you're still a fool
__________________
Appreciate 0
      09-03-2009, 08:53 AM   #33
jaiman
Captain
20
Rep
658
Posts

Drives: very fast
Join Date: Jul 2007
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by SPC LV View Post
I meant NAKED short selling illegal. Give up now??? I sold the put at 40 retard and I'm up 150% for the year. I dont think ill be giving it up any time soon. Know what ur talking about before ur fingers touch the keyboard.
Up 150%? Wow, whats your sharpe ratio? Max DD? Do you have a system? Any backtest numbers? Thats really impressive.
Appreciate 0
      09-03-2009, 12:18 PM   #34
SPC LV
Private First Class
11
Rep
133
Posts

Drives: 335i coupe
Join Date: Jul 2006
Location: Wilm DE

iTrader: (0)

Quote:
Originally Posted by BigDog View Post
I go long/short AIG on a regular basis.... I manage an algorithmic trading desk... high freq equity pairs systems being one of the major focuses....i think it's safe to say I know what I'm talking about before my finger touch the keyboard

i digress... you're still a fool

I used to long and short AIG all the time too but since they made naked short selling illegal i haven't been able to short AIG. Everytime I try, it tells me that there are no available shares to short. Just curious, how are you still able to short it? There were some others as well like UA and CLR.
Appreciate 0
      09-03-2009, 12:29 PM   #35
SPC LV
Private First Class
11
Rep
133
Posts

Drives: 335i coupe
Join Date: Jul 2006
Location: Wilm DE

iTrader: (0)

Quote:
Originally Posted by jaiman View Post
Up 150%? Wow, whats your sharpe ratio? Max DD? Do you have a system? Any backtest numbers? Thats really impressive.

Actually not even a year but since March. I caught the bottom and started investing about a week after the market bottomed. I don't have a particular system, rather I watch how certain stocks "live" and catch a feel for them.

I hold some positions, swing trade and day trade. One example is MTL. I have a great feel for what it's going to do. I bought it yestoday at the close (wouldn't recommend doing this unless you are sure of what your doing) and sold it right at the open for a $600 gain. Had I waited 5 minutes I would have made $2000. Regardless, i caught it near the top and shorted it and made another $400. So about $1000 total in 1 hour.


What I'm trying to say is that I hop on certain stocks when I think they'll make a move and ride it while I can and then get out.
I'm sorry I don't know what DD or sharp ratio is.
Appreciate 0
      09-03-2009, 12:48 PM   #36
jaiman
Captain
20
Rep
658
Posts

Drives: very fast
Join Date: Jul 2007
Location: Toronto

iTrader: (0)

Quote:
Originally Posted by SPC LV View Post
Actually not even a year but since March. I caught the bottom and started investing about a week after the market bottomed. I don't have a particular system, rather I watch how certain stocks "live" and catch a feel for them.

I hold some positions, swing trade and day trade. One example is MTL. I have a great feel for what it's going to do. I bought it yestoday at the close (wouldn't recommend doing this unless you are sure of what your doing) and sold it right at the open for a $600 gain. Had I waited 5 minutes I would have made $2000. Regardless, i caught it near the top and shorted it and made another $400. So about $1000 total in 1 hour.


What I'm trying to say is that I hop on certain stocks when I think they'll make a move and ride it while I can and then get out.
I'm sorry I don't know what DD or sharp ratio is.
The Sharpe ratio gives an idea of how much risk there is in your trading, more info is at this wiki link: http://en.wikipedia.org/wiki/Sharpe_ratio

DD stands for Drawdown and it measures the largest decline in assets you’ve had from a peak. Again more info at wiki: http://en.wikipedia.org/wiki/Drawdown_(economics)

Knowing both of these (along with a bunch of other stats) will allow you to evaluate what is and isn’t working in your trading.
Appreciate 0
      09-03-2009, 01:54 PM   #37
BigDog
Major
United_States
323
Rep
1,080
Posts

Drives: YMB F80
Join Date: Jul 2005
Location: NYC

iTrader: (1)

Quote:
Originally Posted by SPC LV View Post
I used to long and short AIG all the time too but since they made naked short selling illegal i haven't been able to short AIG. Everytime I try, it tells me that there are no available shares to short. Just curious, how are you still able to short it? There were some others as well like UA and CLR.
Simple... I'm an institutional trader... you are a retail trader...

you hop on stocks when you think they move.... i run algorithmic models that make them move due to the sheer volume traded on my side
__________________
Appreciate 0
      09-03-2009, 02:50 PM   #38
MJC///M3
Colonel
MJC///M3's Avatar
United_States
87
Rep
2,324
Posts

Drives: 09 SSII E92 M3
Join Date: Aug 2008
Location: Bronx, NYC

iTrader: (0)

Quote:
Originally Posted by BigDog View Post
Simple... I'm an institutional trader... you are a retail trader...

you hop on stocks when you think they move.... i run algorithmic models that make them move due to the sheer volume traded on my side
did you engineer the models??
__________________
"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
Appreciate 0
      09-03-2009, 02:54 PM   #39
dth656
First Lieutenant
36
Rep
394
Posts

Drives: e90 330i
Join Date: Dec 2006
Location: ASCII

iTrader: (0)

can someone explain to me how an individual could ever gain in a system where institutional investors and other market movers so clearly have an advantage?
__________________
go bears
Appreciate 0
      09-03-2009, 03:44 PM   #40
BigDog
Major
United_States
323
Rep
1,080
Posts

Drives: YMB F80
Join Date: Jul 2005
Location: NYC

iTrader: (1)

Quote:
Originally Posted by MJC///M3 View Post
did you engineer the models??
some
__________________
Appreciate 0
      09-03-2009, 03:45 PM   #41
BigDog
Major
United_States
323
Rep
1,080
Posts

Drives: YMB F80
Join Date: Jul 2005
Location: NYC

iTrader: (1)

Quote:
Originally Posted by dth656 View Post
can someone explain to me how an individual could ever gain in a system where institutional investors and other market movers so clearly have an advantage?
it's possible, afterall the market is far from efficient
__________________
Appreciate 0
      09-03-2009, 04:08 PM   #42
SPC LV
Private First Class
11
Rep
133
Posts

Drives: 335i coupe
Join Date: Jul 2006
Location: Wilm DE

iTrader: (0)

Quote:
Originally Posted by BigDog View Post
Simple... I'm an institutional trader... you are a retail trader...

you hop on stocks when you think they move.... i run algorithmic models that make them move due to the sheer volume traded on my side
Gotcha. Thanks.
Appreciate 0
      09-03-2009, 04:14 PM   #43
SPC LV
Private First Class
11
Rep
133
Posts

Drives: 335i coupe
Join Date: Jul 2006
Location: Wilm DE

iTrader: (0)

Quote:
Originally Posted by jaiman View Post
The Sharpe ratio gives an idea of how much risk there is in your trading, more info is at this wiki link: http://en.wikipedia.org/wiki/Sharpe_ratio

DD stands for Drawdown and it measures the largest decline in assets you’ve had from a peak. Again more info at wiki: http://en.wikipedia.org/wiki/Drawdown_(economics)

Knowing both of these (along with a bunch of other stats) will allow you to evaluate what is and isn’t working in your trading.
Oh ok. At one point I did have a big decline but I made some adjustments and have been moving up nice and steady.

As far as stats go, I do pay attention to many things but my main tool is technical analysis. So basically I look at charts and make certain evaluations. I don't pay too much attention to fundamentals unless I plan on holding a position for a while.
Appreciate 0
      09-03-2009, 04:32 PM   #44
BigDog
Major
United_States
323
Rep
1,080
Posts

Drives: YMB F80
Join Date: Jul 2005
Location: NYC

iTrader: (1)

Quote:
Originally Posted by SPC LV View Post
Oh ok. At one point I did have a big decline but I made some adjustments and have been moving up nice and steady.

As far as stats go, I do pay attention to many things but my main tool is technical analysis. So basically I look at charts and make certain evaluations. I don't pay too much attention to fundamentals unless I plan on holding a position for a while.
Not knowing these basics is why I stated earlier, stop while you still have your money.... until you get the fundamentals down, you have no business trading... take this as some friendly advice
__________________
Appreciate 0
Post Reply

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 07:43 AM.




5post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST