Surf Report

[volpri]

"Don't be a hero.

Don't have an ego.

Always question yourself and your ability.

Don't ever feel that you are very good.

The second you do, you are dead"

Ali was a hero. Ali had a huge ego. Never questioned himself or his ability that I know of. He always felt he was very good. He was a champ. "Float like a butterfly sting like a bee." I admit he finally did die!

 

[themickey]

Big difference between fundamentals and technicals.
Fundies work on beleifs
Techies work on what they see.
Techies who read the news are actually Fundies

 

[southall]

Ali was a hero. Ali had a huge ego. Never questioned himself or his ability that I know of. He always felt he was very good. He was a champ. "Float like a butterfly sting like a bee." I admit he finally did die!

Im sure there are plenty of jobs where playing 'Macho Man', as PTJ called it, works as it is a form of psychological intimidation against your opponent.

But the Market isnt scared of you. Doesnt give a shit how tough you act.

It reminds me of Kasparov the chess player, he could intimidate other players at the board. Snigger and laugh, shake his head at their moves. But that didn't work against the machines when they got near his level.

 

[volpri]

Im sure there are plenty of jobs where playing 'Macho Man', as PTJ called it, works as it is a form of psychological intimidation against your opponent.

But the Market isnt scared of you. Doesnt give a shit how tough you act.

It reminds me of Kasparov the chess player, he could intimidate other players at the board. Snigger and laugh, shake his head at their moves. But that didn't work against the machines when they got near his level.

Ali's act probally as much for him as for his opponent.

 

[propwarrior]

If I may ask a simple question?

Why are the trades not opened and closed based on what the market is doing?

He isnt actually trading mate it's all about click bait to sell his terrible book.

 

[propwarrior]

Im getting out at break even if the forecasted plunge does not occur by then. Its too big to risk it smoking against me, but we remain bearish.

Why get out though as you said the 1000 point drop was guaranteed.

 

[southall]

Not taking stop off permanently of course. If I get to -£2k I'll close it.

Doubling your stop loss and giving a bad trade more room never ends well, especially when the NDX is breaking out to new all time highs.

 

[themickey]

Every trader has a different opinion.
There is no right or wrong other than a bank account balance.

The other day I exited gold at the top + made the call on ET as it happened.
Will make another call (other than don't go long YM at the moment).

That new call is; Go long Gold on Monday.
For Surf's benefit, this is a TA call which Surf calls nonsensical, looking in the rear vision mirror, a losing strategy.
Lets see how this plays out, Gold trend at the moment falling, I'm calling go long on open.
PS: I'll be placing real money on this call, not sim rubbish.

Just for the record, am still in long and holding gold (7 different stocks bought simultaneously). Will let you know on the day for the exit. The post above was Sunday 12 March. ASX Stocks, EVN, NCM, NST, RRL, RSG, SAR, SBM

 

[Spooz Top 2]

He isnt actually trading mate it's all about click bait to sell his terrible book.

+1

Those that can simply Do... Those that can`t, write books on how they wish they could.

 

[speedo]

Ali was a hero. Ali had a huge ego. Never questioned himself or his ability that I know of. He always felt he was very good. He was a champ. "Float like a butterfly sting like a bee." I admit he finally did die!

Ali was the finest boxer I ever witnessed but his antics put a dagger in the heart of sportsmanship. He had the charisma to carry it off....few else do.