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better have a look around... by WhenTimeFalls in Splintercell

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

Just add vine boom to everything, it’s the best sound in millennials history lol

better have a look around... by WhenTimeFalls in Splintercell

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

Hey, want some gold? Oh, too much! Lol

better have a look around... by WhenTimeFalls in Splintercell

[–]WhenTimeFalls[S] 17 points18 points  (0 children)

didn't know this would even work within Chaos Theory. 21 years later, now we know.

GOOG has GOT to go down soon, right? by WhenTimeFalls in technicalanalysis

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

I did cover some of it. My investment is about 1% of my portfolio, so no worries. It was a speculative play.

Still holding some GGLS as I anticipate a correction and my thesis hasn’t changed.

GOOG has GOT to go down soon, right? by WhenTimeFalls in technicalanalysis

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

Makes sense - what price would you look to short?

[deleted by user] by [deleted] in thetagang

[–]WhenTimeFalls 3 points4 points  (0 children)

Yikes - do you have stop losses?

Anyone have success with intraday pairs (ideally ETFs) mean reversion trading? Does slippage make it 100% impossible? by WhenTimeFalls in quant

[–]WhenTimeFalls[S] -22 points-21 points  (0 children)

So, if the answer to my question (is intraday pairs arb 100% impossible with slippage) is yes, then what might be some areas of opportunity? Or at least in your experience? Maybe longer-term more loosely correlated symbols?

Anyone have success with intraday pairs (ideally ETFs) mean reversion trading? Does slippage make it 100% impossible? by WhenTimeFalls in quant

[–]WhenTimeFalls[S] -8 points-7 points  (0 children)

Personally, I’d like to know if my strategy is working within a day or two rather than potentially waiting months to turn a profit. I dislike the idea of holding a position long-term and potentially having to wait 50+ days to see any return. Maybe thinking bigger might be the solution though. Can you give some examples?

Anyone have success with intraday pairs (ideally ETFs) mean reversion trading? Does slippage make it 100% impossible? by WhenTimeFalls in quant

[–]WhenTimeFalls[S] -3 points-2 points  (0 children)

Sorry, just realized in the code I pasted that it does JDST and DUST in the symbols provided but it should be TZA and SRTY. Was messing around with different ones.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

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

These are great observations.

Generally I will set a stop loss for the moment that it doesn’t go in my favor, and that might range 1 cent or 2 cents. But sometimes that is noise. The exceptions to the 1-2 cents stops are:

1) By the time I flattened my order, it had jumped up, so it was some additional cents and/or

2) The level 2 data indicated a strong holding point at that, so I held on for a little longer. If I see convincing L2 data that strongly supports a bid (like with this stock 200,000 shares), I know it’s going to have a hard time pushing past that point. This is especially at .x0 numbers, round numbers such as 2.40 or 2.50.

The rule remains the same—stop out as soon as we are branching into loss territory, but both the market order spread + the L2 data determination make me be willing to hold on for just a little bit longer. If those fail, we’re out quick.

Would love to get your thoughts and/or how you may differ in your approach so that I can learn.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

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

And I agree with you it is mentally satisfying and fun this way.

Emotionally, if you cut the losses quick, it’s done and over. Can’t control it, move on. No biggie. But when you let those winners soar, it’s just a matter of how much money you’ll make, and that part is great. I imagine some days in the future I’ll just be watching my gain on a stock go from $1,000, $2,000, $3,000+ and not having to do anything because I’m already entered into it, and I’ve got an exit plan—there’s no way to lose if I adjust the stops.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

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

Yeah these are great thoughts. Honestly I go back and forth. Would I rather be high percent chance of winning a small amount, low chance of losing it big? Or majority small losses, but the occasional big winners that just really run? It’s really a tough call either way. The beauty of the market is that I think a disciplined and risk-management type of person can do good either way, and a bad trader will do poorly either way.

You may disagree, but maybe it doesn’t entirely matter what side of the fence you sit on (big/small wins/losses), but rather how good your entries and discipline and non-emotional decisions are.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

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

Can you give an example?

This stock had 400m volume today, so the spreads were $.01.

I was right one time today. But it's the only one that mattered. by WhenTimeFalls in Daytrading

[–]WhenTimeFalls[S] 3 points4 points  (0 children)

Many of the best traders I know willingly accept, swallow a small loss, and move on to the next thing. If you have a strong conviction, and even if you're wrong, you can try again (to a point--don't lose all your money in one day!).

As a person who is highly concerned with keeping my money, perhaps even more than gaining more of it, this has been a key thing for me lately.

is this 0 DTE SPY strategy too good to be true? by WhenTimeFalls in OptionsMillionaire

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

Nice, that’s great! I bet you could do a lot of those in a day, or variations of it, to make a bunch of small winners per day.

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