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I believe the ODDS system, assumes stock/option price behavior is in
statistical terms normally distributed.
This is not the case in real life. A lot of the buying/selling option
decision depends on your bias in the future direction of the stock/index. I
do not believe the ODDS system can account for that bias. In fact, I'm not
sure that it's possible to model that kind of stock/index behavior in the
first place. I think that once the trade is on, subsequent follow-up action
is just as important (i.e take/lock-up profits or repair/unwind a bad
trade). I think that using implied volatility, historical volatility, time
decay to your advantage and having a clear plan are your best tools. My 2
cents worth.
Thanks,
Marshall
-----Original Message-----
From: Rick Lampkin [mailto:rlam3491@xxxxxxxxxxxxxxx]
Sent: Thursday, August 10, 2000 11:45 AM
To: list
Subject: Don Fishback
I,m wondering if there is anybody out there that is familiar with Don
Fishback's OODS system? Any info would be appreciated .
Thanks Much
Rick
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