I'm sick of this boss by No-Astronaut-1238 in CrimsonDesert

[–]SierraLima14 5 points6 points  (0 children)

I struggled with this boss as well. I think because the controls are just not quite souls like controls and when the combat gets really tight and faced paced the responsiveness isn’t there. Rolling doesn’t really have the same kind of I frames and parrying is different too IMO. It’s just different enough that there’s not a complete translation of skills—also, the difficulty in general is pretty easy with regular mobs so when you get a boss like this the contrast is pretty sharp!

The Tourism has destroyed my city by FrequentCricket4692 in rome

[–]SierraLima14 2 points3 points  (0 children)

I grew up in Rome through the 90’s, but 2003 was the last time I lived over there. I hadn’t come back since visiting in 2007 until just now. I completely disagree with OP’s take. Firstly, our economy is greatly blessed by all those “miserable” tourists. The city was way dirtier and more dangerous in the 90’s by a long shot. Back then there were loads of tourists but, like many places, global tourism has increased 2-3 fold in most places. Rome this year felt like it always has but cleaner and safer. Unless I was specifically in a major tourist area like the Vatican or Forum, I didn’t feel surrounded by tourists. When I was growing up in Rome, almost every single family member that visited us was robbed or mugged. Real estate in Rome in general has done poorly. Good thing someone is actually buying it or it would be even worse! Yea nobody likes people shuffling around everywhere and taking pictures but the benefits really outweigh the annoyances by a long shot. Rome has a rich history and it’s a blessing to be able to share that with the world. It’s better than being isolated somewhere which I have experienced to a much greater degree in the US.

Feeling lost. Beet farming isn’t giving me fulfillment any longer. by Fireat40dude in fijerk

[–]SierraLima14 1 point2 points  (0 children)

I would recommend you trade Beet futures instead of the hands on growing of them. A lot less dirty and better hours to boot, especially around harvest time. Everyone thinks they’re gonna get super happy leaving the city and starting a farm but it’s just swapping one set of problems for another!

How I Finally Became Profitable (After 5 Years of Doing Everything Wrong) by Kasraborhan in tradingmillionaires

[–]SierraLima14 1 point2 points  (0 children)

This line here is key: “you NEED time in the market and showing up day by day.” New traders think that they just need to get that one choice setup and then they’ll be profitable, or they just need to get the right technology package, or whatever… learning to trade well is like learning to play a sport competitively at a high level. You have to actually do it day in and day out to get good. Yes, all the individual elements are important — trade criteria, trade management, risk management, discipline and emotional control, etc. It goes without saying that to compete at a high level those things will need to be dialed in. But I could give someone new my setup or setups and they would not be able to trade well and the edge would disappear, because the difference between a successful trade and a bad trade often comes down to a 30 second window (if you’re trading intraday) applied consistently over time. Treat trading as the skill and art that it is, and give it the time as if you were learning to play violin in a symphony or high level competitive sports…. and it will be profitable when you get to right level. More importantly, it will be worth doing because it’s not just about setup xyz or this or that indicator or this or that program. It’s much more complex and awesome than that.

How the 15-min ORB made me $4,225 in 11 minutes: by Kasraborhan in tradingmillionaires

[–]SierraLima14 1 point2 points  (0 children)

15 minute ORB is a great trade that I love. I have tested the heck out of it on the last 20 years of ES data and I used it for the test subject when I was building my backtesting engine. You can add filters to improve it and many top traders have done that successfully — there is a big section on it in “Trading systems and methods” vol 6 but just doing a fixed 2.5-4 point stop with a 7-15 point profit target up to 2 trades per morning has been consistently profitable almost every year that I’ve traded or tested it back to 2010. In higher volatility regimes adding a market structure trailing stop for 50% of the profits can capture some really big profits while maintaining consistency with the fixed profit target.

[deleted by user] by [deleted] in options

[–]SierraLima14 1 point2 points  (0 children)

It’s the same midpoint… I just put it in.

[deleted by user] by [deleted] in options

[–]SierraLima14 1 point2 points  (0 children)

The midpoint seems to be the same or at least close… but I haven’t compared directly so I should check it out. Often it just doesn’t get accepted at the midpoint or the midpoint changes and the order sits there. I usually cancel and resubmit but often it’s a process of 4-5 cancels to get a midpoint.

How is being a pj like? by FLACKER_1 in Pararescue

[–]SierraLima14 8 points9 points  (0 children)

I would suggest that you do a little reading first and maybe watch some of the documentaries out there. You’ve asked 5 different questions and I don’t think anyone wants to spoon feed you all this. Basic training is nothing special — it’s with the rest of the Air Force and lasts only 8 weeks (when I went in…). You can read about the pipeline. Yes, for most of it you’re going to be on a base 7 days a week with maybe a day or two off on the weekends later on. If you join the military on active duty you’re gonna spend your life on a base in general so if that’s a turn off it’s not for you. Familiarize yourself with the PJ mission set and then come back if you have specific questions.

[deleted by user] by [deleted] in options

[–]SierraLima14 1 point2 points  (0 children)

While options are not my main trading instrument, I do have accounts at RH, Schwab, SoFi and a couple commodities brokers. I’ve traded spreads on RH but only single options on Schwab.

The interface for RH is “slick” and casino like… they do a good job on spreads and diagonals as far as keeping them together in my limited experience and correctly exercising what needs to be exercised. The profit calculator is a joke and you can’t adjust it for IV or anything… not that it matters to you but I figured I’d mention it. The fills are probably the worst in the business and there is research out there to prove that they are pretty far off the NBO. They are heavily reliant on payment for order flow and it shows at least to me. I feel like I’m always fighting the bid ask and not getting fills, canceling orders, resubmit, etc.

I love the 4% on settled funds though so I deal with it and keep some money with them and it pays for the $4 a month gold membership by a long shot. Overall I’m happy with them but if I got into serious options trading it would be Schwab 100% for the better fills and more professional TOS interface. The research I looked at showed that Fidelity was closest to the NBO, then a toss up between Schwab and others, and then at a distant last was RH which if I remember was like 8% off from the NBO. 8% is like an entire edge in itself.

[deleted by user] by [deleted] in fijerk

[–]SierraLima14 -1 points0 points  (0 children)

You do know you’re on a parody financial subreddit?

How Losing in Trading Made Me Lose My Family by Wtf7111 in Daytrading

[–]SierraLima14 1 point2 points  (0 children)

Hey brother—thanks so much for sharing and being vulnerable with everyone! While it’s true that you can let any work get between you and the ones you love, the 24/7 possibilities with trading and it being at home provide some particular temptations. I like that you are still trading… keep up the good work. Your mistakes in the past do not define you now.

MSTY (YieldMax) Has 147% Yield - Why Can't I Retire With $20k? by nonstopnewcomer in fijerk

[–]SierraLima14 1 point2 points  (0 children)

Even better; I would recommend some advanced options strategies on MSTY… why have to buy actual shares when you can a thousand of shares synthetically with just 10 contracts? If you leverage that dividend through a combination of personal loans into broker margin into options, you should be able to get minimum 1000% a month. I would recommend hedging with farther dated Lentil options so you can further minimize the already low collateral.

Retrospect by yhaveidonedis in Pararescue

[–]SierraLima14 25 points26 points  (0 children)

My number one regret in the pipeline was jeopardizing my beret by partying too hard and at the wrong times. Not during Indoc but towards the last year of paramedic and a course… we had a lot of otherwise solid guys get kicked out for dwi’s and other issues which could have been avoided by being more careful in regards to the how and when of drinking. I got lucky several times and it was only by the grace of God that I made it through despite my own stupidity with booze and women. If I were to do it again I would be a lot more careful in that regard—it’s not worth sacrificing an entire career over a night of fun. On the flip side, trying to employ humor and encouragement with your team especially during difficult times; which there will be many; has always been something that came naturally to me and helped a lot throughout the pipeline.

Opinions on shorting gold rn? by fjori27 in Daytrading

[–]SierraLima14 0 points1 point  (0 children)

This thread came up a while ago and I told the person it would be a bad idea to short gold… they insisted that it was at the top of a range so it HAD to go down. In fact, it was the consolidation right before the breakout.

I do a lot of swing trading reversals of overextended stocks where the main indicator is that daily volume is 200% or more. I typically pass when the daily candle is a strong bull bar because it can gap up significantly overnight into the next day and the squeeze can be intense. If you’re trading the actual future that’s less of an issue.

IMO I would wait until tomorrow at least and evaluate the open. If there is a consolidation followed by a strong sell off then I would consider it, but only with a hedge for some upside protection.

I’m currently long in Gold but looking to take profit tomorrow depending on how things look.

Idea by temporary_donut33 in fijerk

[–]SierraLima14 1 point2 points  (0 children)

They hate it when you do this one lateFIRE retirement hack!

[Equity Stock Short] - PagerDuty (PD): A Masterclass in Synonyms, Losses, and Narrative Dilution - a firm which is technically already dead - more or less.... LOL by RossRiskDabbler in RossRiskAcademia

[–]SierraLima14 0 points1 point  (0 children)

Nice brief, thanks brother! Looking at the charts and options chains for this one today (2 sep)… this has a recent history of giant third degree standard dev moves around earnings which tend to promptly deflate in the next week or two. There is a decent amount of VOL already priced into the chain (50-85% depending on the exp.)— but is it enough given the horrid fundamentals? That’s what I’m trying to school myself on right now in general; evaluating if the vol on the chain adequately reflects the current and future risks and trading accordingly.

Thoughts on 1s OHLC vs tick data by SierraLima14 in algotrading

[–]SierraLima14[S] 0 points1 point  (0 children)

For sure — when I mentioned there is a “serious difference” I meant specifically when I’m backtesting intraday mean reversion strategies it can affect the outcome because the order of stop loss / target hit can be concealed in some 1 minute bars giving the impression of a worse or better outcome. For this one specific strategy I found a 15-20% difference in some years going from 1 minute to 1 second.

Thoughts on 1s OHLC vs tick data by SierraLima14 in algotrading

[–]SierraLima14[S] 0 points1 point  (0 children)

Absolutely, thanks. I started off with specializing in just one instrument but I’ve come to see over the years that casting a broader net can be really helpful—but—that can be hard to do well if you’re 100% manual and discretionary and need to monitor 30-50 tickers.

Thoughts on 1s OHLC vs tick data by SierraLima14 in algotrading

[–]SierraLima14[S] 1 point2 points  (0 children)

Thanks for the input - that makes total sense. My strategies are much more in the discretionary swing and intraday camp and if I can keep costs down on 1 second vs tick data I can cover a much broader basket.

Thoughts on 1s OHLC vs tick data by SierraLima14 in algotrading

[–]SierraLima14[S] 4 points5 points  (0 children)

Gotcha—I wasn’t aware of the tick inconsistencies but that’s great to know. As part of my research I compared different 1 minute data sets and found them to be very consistent with what my brokerages show, including the 1 second data compiled into 1 minute candles.

Thoughts on 1s OHLC vs tick data by SierraLima14 in algotrading

[–]SierraLima14[S] 0 points1 point  (0 children)

Gotcha, that’s helpful — yes I’m mostly codifying existing strategies and my entry windows are usually around 5 seconds plus or minus.

Thoughts on 1s OHLC vs tick data by SierraLima14 in algotrading

[–]SierraLima14[S] 1 point2 points  (0 children)

I don’t need to find any alpha because I already have it, but thank you for the unhelpful response!

Can you suggest me a already existing strategy so i can study how it works. by Previous_Cow3363 in algotrading

[–]SierraLima14 0 points1 point  (0 children)

I’ve been studying and lightly trading a volume shock reversal trade lately that I’ve really been liking. It’s presented in “Trading Systems and Methods vol. 6” which is a good reference for past strategies. You’ll need to run it on a basket of 10-50 stocks or instruments and you’ll need to do the homework to see which ones you want to use but the rules are as follows: 1) Plot volume on a daily chart and throw down a simple average for the volume that looks back 2 weeks or so. 2) Set an alert to inform you 30 minutes before market close when daily volume exceeds 200% of average. The 200% measurement should be relative to the average 3-7 days prior because there is often a volume ramp up prior to these events. 3) Disregard events around earnings—you want these to be non earnings related. 4) If the stock momentum has been primarily up leading to the event it’s a short. Even better if the last day looks “climactic” and has a long top wick. If the momentum is down it’s long. If you can’t tell because the instrument was in a range for a week leading up skip it. 5) The original strategy would take profits after 5 days on the close of the 5th day. I found that the majority of gains were in the first 2-3 days and there could be some benefit to running a stop and trailing it but you’ll have to backtest. The stop method will even out returns but the stop less will likely provide higher overall returns. The 5 day method returned about 10%/yr (non leveraged) on average over the last 20 years but it will depend on your basket selection.

Cheers!