Surf Report

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JSSPMK said:
Holding short too. Surf & I (this time) against the overwhelming majority of ET. Considering that majority of ETers are quite useless at timing any market consistently, negative commentary is viewed as pure banter.

P.S. We got Volente on our side too :fistbump::thumbsup:
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Most of us take longs and shorts every day. This isn't a Yankees-Red Sox deal, he receives derision because he is fake and obnoxious.
 
propwarrior said:
Is it wise to ever put on a position that is of 'very risky' size? Why not keep the positions within solid risk parameters. That way IF the trade doesn't work out you live to fight another day.
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Yes, full conviction demands commitment. Otherwise you will just be a churn addict.

The key is to only risk - risk capital. I know that sounds redundant, but its very true. Nver trade with scared money or capital u can't afford.

surf
 
marketsurfer said:
Yes, full conviction demands commitment. Otherwise you will just be a churn addict.

surf
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I saw already a few "full commitment traders" ruin their life.

I always say: limit your risk. You will survive when things go really wrong. And if you are really good you will be a millionaire a little bit later.
 
JSSPMK said:
Holding short too. Surf & I (this time) against the overwhelming majority of ET. Considering that majority of ETers are quite useless at timing any market consistently, negative commentary is viewed as pure banter.

P.S. We got Volente on our side too :fistbump::thumbsup:
More...

Nice! Just had a conversation with a major fund manager who is even more bearish than i am. They are calling for a 30 to 50% in the DJIA. I am no where near that extreme, but the guy could really articulate his position.
 
Careful there, Surfy. Few active managers, even with all their resources, Phd quants, etc, can beat even the lowly S&P. Might as well put your money in Vanguard, than listen to those guys.

Some of them are just so sure the market will drop, even after steady up action day after day, that they try to short over and over, and fail over and over and over...

Just one article about this, there are many: http://www.cnbc.com/2015/06/26/index-funds-trounce-actively-managed-funds-study.html


marketsurfer said:
Nice! Just had a conversation with a major fund manager who is even more bearish than i am. They are calling for a 30 to 50% in the DJIA. I am no where near that extreme, but the guy could really articulate his position.
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speedo said:
Most of us take longs and shorts every day. This isn't a Yankees-Red Sox deal, he receives derision because he is fake and obnoxious.
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We are not interested in day by day gyrations and scrapping out a living. Our goal is to carch the big waves in both directions.
 
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