Surf Report

[recession2016]

Having the first quarter turn into a solid loss is not a motivating place to be --- fortunately, 2016 and our stock trading are keeping the operation above water for now.

We will be tweaking the strategy a little and awaiting the next entry into the YM.

surf

you should've shorted the Nasdaq surf, shorting the dow is the dumbest thing you could've done

 

[southall]

you should've shorted the Nasdaq surf, shorting the dow is the dumbest thing you could've done

The clueless giving advice to the clueless.
When will you people get it?
Dont short a market that is making new all time highs almost every day.
You should be going Long instead.

 

[speedo]

If he would learn how to use TA rather than spend all that gas criticizing it, he might see the vain foolishness of trying to pick tops in this market.

 

[recession2016]

The clueless giving advice to the clueless.
When will you people get it?
Dont short a market that is making new all time highs almost every day.
You should be going Long instead.

shut up and go all in long at all time highs then idiot, put your money where your mouth is

 

[southall]

shut up and go all in long at all time highs then idiot, put your money where your mouth is

You just told him he should of made a losing trade (short the nasdaq) and you are calling me an idiot?

 

[marketsurfer]

You just told him he should of made a losing trade (short the nasdaq) and you are calling me an idiot?

Dude, you are not welcome on the surf report. Start your own journal.

surf

 

[Mtrader]

shut up and go all in long at all time highs then idiot, put your money where your mouth is

You only know if we are at all time highs in HINDSIGHT. Nothing indicates that we are short, so as long as the trend is long you should not go short. You know why?

I personally know 1 person who lost over 10 million$ (yes ten million dollars). In futures S&P.

He sold 210 contracts at 250$ a point at 495 in 1995 (Emini did not exist yet). In 1994 he made more than 1 million profit. When things went wrong he waited till the market retraced. But in 1995 it didn't retrace anymore at all. After lots of margin calls his account got wiped out completely.

He was sure the market would go down. He was right, in 2000, 5 years after he already went short as the top was reached, the market really went down. But at that time the market was THREE times higher ( +- 1500) then the level where he took his shorts.
So, although in 1995 the market was already for years at new all time highs, the most stupid thing to do was go SHORT. In hindsight it is very clear.

Who is the idiot at this moment? The one going LONG? Or the one going
SHORT?

You should always know what to do in in reaction to what the market does. You should never do what you think the market will be doing soon. Pro active is not good.

 

[lovethetrade]

Who is the idiot at this moment? The one going LONG? Or the one going SHORT?

Neither or either, you don't go long or short unless you have more information.

 

[southall]

Dude, you are not welcome on the surf report. Start your own journal.

surf

Sorry mate, this forum and thread is open to all members to make comments and suggestions.

If you dont like that then go to some other website that allows user moderated blogs and journals.

 

[Mtrader]

Neither or either, you don't go long or short unless you have more information.

I never said that they had no information. A trader that trades without information is by definition an idiot.
People who go long or short have a reason for that.So your remarks doesn't make sense for traders.

Some like to anticipate while others wait for confirmation. That's the discussion here too. On weekly and monthly charts we make now new highs never reached before. I am curious how people can know that we are at the top while we don't even know what the top will be. This can be the top, but the top can be 1000 points higher too.