Surf Report

[Overnight]

I hosted surf fests for 5 years in NYC with an open invite for all of elite to attend. Never had an issue, despite a few threats. Most of the community are good peeps in real life even the nastiest online personas

I notice you typed "most".

Go through it, the whole "identity-getting-stolen thing". Your attitude will change so fast it will snap your neck (or at least give you a crick.) It is so bad, that even if you were my worst enemy, I would not wish it upon you.

Be very very careful. And that is all I have to say about that.

 

[itspossible]

Yes, but not let's forget that David is a salesman, and as such, will do his utmost to sell, which is of course just business. What will be interesting is to see if he really has picked up and gems over the years that he can share, as you will find that anything that is really worthwhile is not easily shared, for "obvious" reasons

His PM is turned off.
MS being a vendor should accept PM's right?
Is his resume for real?

 

[marketsurfer]

I notice you typed "most".

Go through it, and get your identity stolen. Your attitude will change so fast it will snap your neck (or at least give you a crick.) It is so bad, that even if you were my worst enemy, I would not wish it upon you.

Be very very careful. And that is all I have to say about that.

I have no doubt about that.

Thanks,

surf

 

[wtfauoa]

No, he doesnt exit correctly, he adds massively to his losing positions in an attempt to get a better average price so he can exit nearer break even.
That is incorrect on so many levels. It is like a gambler going full tilt/full retard

You make a good point, but his position is relative to his account size. If he has, say access to $500K, then 1% per trade is $5,000, or 1,000 YM points for 1 contract, or 125 points for 8 contracts, with some adjustment for scaling in of course.

While I do not, nor would ever advise adding to a losing position for the small retail player, the big players do it all the time, in fact, they are doing it right now! We could head south next week, or maybe 2-3 weeks, or maybe even 2-3 months, but one thing is for sure, and that is the market is not going to keep going up, and when it falls, it could fall hard or soft, no one knows until it gets under way

There is a very old saying that will always hold true, and it is.."you need money to make money". A noob using leverage is a sure recipe for disaster, which most experience sooner or later.

Most are better off to never try trading, and should put the bit of money they have away for their kids future, or save it for the "rainy day"

 

[wtfauoa]

His PM is turned off.
MS being a vendor should accept PM's right?
Is his resume for real?

Well, I have to agree with you on that one. If you are trying to sell anything you should have your communication lines open, that is bog standard basic sales stuff.

 

[LacesOut]

You are not being crass at all. Great question- one needs to know their max position size prior to entering the trade. Say you want to trade with 5 contracts. Rather than enter all 5 at once, you scale in one at a time. Jessie Livermore taught to test the market with a small position, then if it goes your way, start adding to the position up to your max size.

Same thing for averaging in as the position goes against you. Many pro traders trade this way despite what the unknown, frightened, internet sleuth tykes may claim.

Truth is, despite what the anonymous elite masters may say, it is impossible to time the market exactly. Averaging spreads the price and time allowing your forecast to become reality.

surf

You mean the guy who went broke multiple times and killed himself??
Ok thanks

 

[southall]

While I do not, nor would ever advise adding to a losing position for the small retail player, the big players do it all the time, in fact, they are doing it right now!

Right now the big players are holding long positions and enjoying massive profits as this market continues higher.

They will not be trying to short into a up trending market that is making new all time highs on a daily basis.

The big players, the ones who know what they doing, will be waiting for the market to show weakness before attempting to short.

 

[wtfauoa]

Right now the big players are holding long positions and enjoying massive profits as this market continues higher.

They will not be trying to short into a up trending market that is making new all time highs on a daily basis.

The big players, the ones who know what they doing, will be waiting for the market to show weakness before attempting to short.

Well, to be honest, it really does not bother me what they do, just replying to this thread. Not all the buy orders have been taken short covering, but as mentioned, this is how it works, and why you need deep pockets to make money by averaging in.

Could be days, weeks or months, truth is no one really knows, so, why even bother to guess and just trade each day as it happens!

I do believe some use option trading stats as a future prediction tool, but not for those with limited capital.

Anyway, here is my prediction to keep the wishers and hopers happy. SPX will see a reversal this coming week, that might even break the bottom of the recent channel.

Do you want to predict against me

 

[newwurldmn]

Well clearly you are self educated then--


Allow me to explain, ms. Marketsurfer is a character, like in a movie. Jeff Bridges really isn't really Lewbowski and DSG really isn't marketsurfer-- its a character.

Yah, i have the balls to mix my real name and businesses here. Ever wonder why the gonzo hate vibing surf report posters NEVER reveal their real names? Everyone here is a character posting under fake names. I have met many people from elite, guess what, not one hater ever. Wonder why??

It is not hard to figure out why. Think for yourself, dude. .....

surf

PS. Send me your mailing address-- ill send u a copy of the book for free. Then u can make your own decision about it.

David Goodboy,

Why do you refer to marketsurfer as a character? I don't understand why you like to be thought of as a clown especially when you are selling services and a book. Wouldn't you rather be perceived as knowledgeable like bob Morse?

Or do you really have nothing useful to say that you troll this site for attention hoping that will improve your revenues?

 

[justrading]

David Goodboy,

Why do you refer to marketsurfer as a character? I don't understand why you like to be thought of as a clown especially when you are selling services and a book. Wouldn't you rather be perceived as knowledgeable like bob Morse?

Or do you really have nothing useful to say that you troll this site for attention hoping that will improve your revenues?

His KPI was and is page views. Everything else is secondary. I'm sure he doesn't need the pennies from an e-book, it's the recognition as a published author that matters.