macrocephalopod on Twitter: "This other guy already realized it wouldn't work and retracted his claim, sadly you were not smart enough to do the same, womp womp https://t.co/buSeNDRDXi… https://t.co/fqtUlnxDMN"

Country	Code	For customers of
United States	40404	(any)
Canada	21212	(any)
United Kingdom	86444	Vodafone, Orange, 3, O2
Brazil	40404	Nextel, TIM
Haiti	40404	Digicel, Voila
Ireland	51210	Vodafone, O2
India	53000	Bharti Airtel, Videocon, Reliance
Indonesia	89887	AXIS, 3, Telkomsel, Indosat, XL Axiata
Italy	4880804	Wind
3424486444	Vodafone
» See SMS short codes for other countries

macrocephalopod‏ @macrocephalopod 13 Mar 2021

Replying to @macrocephalopod @goldstein_aa and

This is such a weird argument to be having. I literally generated some random data and people want to tell me you can develop profitable trading strategies for it. Is this what going insane feels like?

1 reply 0 retweets 12 likes

Adam Goldstein‏ @goldstein_aa 13 Mar 2021

Replying to @macrocephalopod @breakingthemark @zzzrrrzzz12

Sometimes the real world feels insane. If you generated completely random zero-mean R and *multiplied* (1+R) by itself repeatedly - you'd have complete noise that you could become incredibly rich off of. Sorry, but it's true. Don't kill the messenger.

1 reply 0 retweets 1 like

macrocephalopod‏ @macrocephalopod 13 Mar 2021

Replying to @goldstein_aa @breakingthemark @zzzrrrzzz12

Please, describe what the strategy here is, then go and simulate it. It will *at best* be flat.

1 reply 0 retweets 0 likes

Rip‏ @zzzrrrzzz12 13 Mar 2021

Replying to @macrocephalopod @goldstein_aa @breakingthemark

Please do. Of course, this is gross of tcost. Please keep that in mind. But you can make money.

1 reply 0 retweets 0 likes

macrocephalopod‏ @macrocephalopod 13 Mar 2021

Replying to @zzzrrrzzz12 @goldstein_aa @breakingthemark

Gross of tcost is fine. I’m still waiting for a description of the strategy though?

1 reply 0 retweets 0 likes

Rip‏ @zzzrrrzzz12 14 Mar 2021

Replying to @macrocephalopod @goldstein_aa @breakingthemark

Here's the strat. Let's say we have a portfolio of 50% cash / 50% your simulated stock. At the end of each day, rebalance this portfolio back to 50/50. Basically, you buy more stock if it goes down and sell some if it went up that day. Let me know the returns you see.

3 replies 0 retweets 0 likes

Rip‏ @zzzrrrzzz12 16 Mar 2021

Replying to @zzzrrrzzz12 @macrocephalopod and

So were you able to try this out? @macrocephalopod

1 reply 0 retweets 0 likes

macrocephalopod‏ @macrocephalopod 16 Mar 2021

Replying to @zzzrrrzzz12 @goldstein_aa @breakingthemark

I didn't bother responding because it so obviously doesn't work, but since you followed up - I implemented exactly what is described in this tweet (matab code in image) https://twitter.com/goldstein_aa/status/1370887341750038528?s=20 …pic.twitter.com/EMXiwPazXM

1 reply 0 retweets 1 like

macrocephalopod‏ @macrocephalopod 16 Mar 2021

Replying to @macrocephalopod @zzzrrrzzz12 and

I then implemented your strategy here (matlab code in the first image, resulting account equity in the second image)pic.twitter.com/ra0MLhWGLZ

4 replies 0 retweets 3 likes

macrocephalopod‏ @macrocephalopod 16 Mar 2021

Replying to @macrocephalopod @zzzrrrzzz12 and

macrocephalopod Retweeted macrocephalopod

The reason it loses money is explained in the first tweet I made after several insane people started bringing up Shannon's demonhttps://twitter.com/macrocephalopod/status/1370830168319799298?s=20 …

macrocephalopod added,

macrocephalopod @macrocephalopod

Replying to @macrocephalopod @zzzrrrzzz12 @breakingthemark

Shannon’s demon needs +ve arithmetic return but flat or negative geometric return. I generated this data myself so I know it has zero arithmetic return! The fact that you would argue with me about data *that I made up* is simply a confirmation that you are an idiot.

1 reply 0 retweets 1 like

macrocephalopod‏ @macrocephalopod 16 Mar 2021

Replying to @macrocephalopod @zzzrrrzzz12 and

macrocephalopod Retweeted Adam Goldstein

This other guy already realized it wouldn't work and retracted his claim, sadly you were not smart enough to do the same, womp womphttps://twitter.com/goldstein_aa/status/1371143515577663492?s=20 …

macrocephalopod added,

Adam Goldstein @goldstein_aa

Replying to @zzzrrrzzz12 @macrocephalopod @breakingthemark

Ok, just for the record the way I defined "pure randomness" was incorrect because R has a zero arithmetic mean. If (1+R) is pure noise with a *geometric* mean of 1, which means the stock goes nowhere long term, you can get very rich off it.

10:46 AM - 16 Mar 2021

2 Likes

0 replies 0 retweets 2 likes

Loading seems to be taking a while.

Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.

Tweets

macrocephalopod