Surf Report

[southall]

Whatever happened to "fading all of Surf's calls"?... Looks like his BTM/Drivers were out ahead of the news.

I said previously on this thread (post number 255) the win rate for fading the Smurf is about 90%, i dont recommend fading 100% of his calls as even the most dumb paper trader can get lucky sometimes.

This latest paper trading call could be that 1 in 10 lucky winner.

 

[Frederick Foresight]

Rumor has it that the CME briefly introduced an index that would effectively enable those so inclined to trade surf's equity curve. Problem was, no one wanted to take the long side of the trade.

Just joshing with you, surf.

 

[marketsurfer]

Whatever happened to "fading all of Surf's calls"?... Looks like his BTM/Drivers were out ahead of the news.

Thanks, truetype!

They all jump on, like lemmings, rather than respecting the proper studies and research that is graciously given away gratis on the surf report

Most of the haters have no clue and haven't progressed past the basics


surf

 

[marketsurfer]

Rumor has it that the CME briefly introduced an index that would effectively enable those so inclined to trade surf's equity curve. Problem was, no one wanted to take the long side of the trade.

Just joshing with you, surf.

Make no mistake, fred, you are the funniest person in finance. And that's a compliment!

 

[marketsurfer]

Will MarketSmurf hold on till he gets his 1000 pt winner?

Or will he panic like an amateur and cover on the first rally to lock in much smaller profits?

My bet is he will grab a smaller profit. Which will be pathetic as he is only paper trading, and if you cant let your profits run when paper trading, when can you?

I said previously on this thread (post number 255) the win rate for fading the Smurf is about 90%, i dont recommend fading 100% of his calls as even the most dumb paper trader can get lucky sometimes.

This latest paper trading call could be that 1 in 10 lucky winner.

You are not understanding the process and method being deployed. I have tried multiple times to explain it but hindsight artists, like yourself, will never get it.

surf

 

[southall]

I have tried multiple times to explain it
surf

You have explained nothing, please state the post number on this thread where you explain the process and method being deployed.

 

[marketsurfer]

You have explained nothing, please state the post number on this thread where you explain the process and method being deployed.

Been doing the same thing since 2006 on elite-- you need to do your own research or just watch and learn.
surf

 

[Overnight]

Jun YM shows a possible double-top at ~21100. But the 50% retraces from end of January show a possible short target of ~20360. IF the DT hits at that level of ~21100, and does not break through the little resistance of ~21100, then it may have a good chance to retrace back to that 50% of ~20360. But these levels of movement cannot happen in the March contract, but the June. March contract is out of time for these swings to happen in the future contract.

You YM/ES folks are crazy. Happy hunting your Dow cows.

 

[NKVI>NH]

You have explained nothing, please state the post number on this thread where you explain the process and method being deployed.

lookee here;

surf is using the Pt Barnum theory, "a sucker is born every day"

think about all the new traders who look to sell option premium naked for "income"..you would think with all the free data online no one would ever do such an ultimately account crushing trade; but they still keep coming (new idiots that is)

its the same for surf; he figures there is a new crop here ripe for the fooling, and imo he may be correct; less his multi alias nicks.

and to save u time surf, yes i am jealous (for different reasons than you imply) lol

 

[propwarrior]

This is the typical logic of somebody who has no experience in trading. It’s nothing but wishful thinking. Convincing yourself that the trade is a very good one. A lot of arguments without any real proof at all. Just dreaming.




You nailed the coming solid downwave? Again, all this exists, till further proof, only in your fantasy. You are already convinced that the down move will happen. For the 8th time already, but till now without result.

A real trader knows that:

• Until the trade is closed there is no profit at all. The money should be in the bank. Even a fantastic open P/L is no guarantee for a profitable trade.
• Never start to dream. Ever thought about it that the trade can be the worst you ever had? You apparently only see positive outcomes. Even a 1,000 points drop. That’s the ultimate proof you have no clue about trading. You make yourself ridiculous without even realizing it.

And no, this is no bonzo vibe. It is a basic educational lesson in trading.
The only real thing is that you lost 7 times in a row. That's the only fact till now.
And even if the next one might be profitable, you need a lot of profits just to cover the losses of the previous 7 attempts.

A good post. All the solid traders I have met remain flexible in their outlook and don't marry their position. This is key. No matter how good a trade looks you need to remain objective as nothing is guaranteed in this business. Marketfaker is talking as though the market has to go down, the reality is of course it doesn't. Never marry a trade (especially a shit trade like this one).

It's a basic cognitive error to make.