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I agree that when the time is right, you do have to make bigger trades and "go for it"......but not to an extent where your account will be blown out on a loss. That's reckless.....dumb...and no matter how many winning trades ya have, the end result will be the account will be at zero...if not...

After it traded down to 1295.75 at 6:30 this morning I put out a 1300 Buy stop. Got filled at 1300 at 6:47 a.m. Sold half the position at 1308, and still have the rest going to trail it up.....worst case scenario I will take the other half off for 8 handles. I don't usually post what I do...

The secondary entry was excellent. The first entry with absolutely no exit strategy was a disaster. I was never questioning his price entries, it was only the size being done in his 'so called" account. I'm still waiting for Surf to answer my question from 3 posts or so above.....funny how...

Oh Surf.......still waiting: " Ok.....but HONESTLY. Do you think what you did, putting you in a position close to blowing out your account was good? "

What's your opinion on risking 100% of one's account on one trade?

Ok.....but HONESTLY. Do you think what you did, putting you in a position close to blowing out your account was good? I will never tell a guy "great trade" when he does something like this. It's reckless. If you were short a 6 lot and loaded up to a 30, but had plenty of room in your account...

The guy makes fun of me as the mkt goes through the level instantly being profitable. But defends a guy like Surf who puts on a position and has it go 30 handles against him. Gotta love this thread. It attracts all kinds.................. Surf.....good luck with this thread.

How would you know what I am doing? I don't post my trades. Never have. If you read my statement correctly, I was implying I would rather short into a down move.....follow price action...etc. So given the choice of shorting up at 1340 into a big up move, or down at 1305 into a sell off, I...

It wasn't a trade I would do. Just like when I told Surf there was a better chance of a 40 point bounce as he was short...which did happen. My point is I let the mkt tell me what to do through price action. Would rather short a mkt in a down trend then stepping in front of a train. Not...

It's hilarious how you are bragging about basically putting an account on the edge of blowing up. Seriously Surf......it's embarassing. Good thing this is a sim account, because your strategy is destined to blow up. That is a guarantee. The reason you aren't a trader for a living is...

Ladies and gentlemen.....lets all give a big round of applause for Marketsurfer and his simulator.

Excellent post. I would hope new traders don't come on ET to follow/copy trades of others. If they do, at least know the background of the person they are following. Also know if the person is trading a real account or a simulator. I agree with you as far as when to get short the SP. I let...

I am now only going to call him by the following: Dave Hoffman Rob Goodboy MarketHoffman RobSurfer I'll let him choose what he would like to be called.

I hear ya. As far as the alias thing? I haven't been paying attention. If he as doing that he isn't a bad guy.....he just belongs in a room at The Creedmore Hotel. Surf's grandstanding is ridiculous at times...but I think he's just being a wiseass. I mean really....what real trader is going...

As a person, Surf's cool in my book. He's a good guy. That's why I post on his thread. There are some good conversations, and some funny entertaining things. But as a trader he is a disaster at times. I really did think he was a retail trader with a real account. But this latest episode...

Funny how you like Altucher. Another guy who can write all day about how to trade, but can't trade himself. As far as the people that don't mitigate risk? They are the ones who have long and very successful careers. They do better than just "living". Ones who don't pay attention to...

Surf, you do realize that all of your credibility has gone out the window here. Let's be honest. You aren't trading a real account. You are fantasy trading. No real trader with a real account would make a move like this. You are trading 3-6 lots in a "real account", now you go up to a 30? Sorry...

This ain't trading Surf......it's gambling. I guess if you throw out patience, risk management, position sizing......then your strategy completely makes sense. Honestly......you sound like a newbie paper trader. Harsh perhaps...but the truth. Anyways...hopefully the SP's puke for a few...

Good luck with that Surf. Personally.....I hope the SP's drop 100 handles this week....wake the market up. But you have gone on and on about how this position went against you, how you kinda went on tilt, how painful this trade is.......and now you go in and quadruple your position? You sign...

People are suppose to start hearing back in the beginning of August.