Surf Report

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marketsurfer said:
We are holding the YM short position into the open. There does not need to be any type of drastic catalyst for the selling to continue. It's the inherent nature of the market to ebb and flow-- rise and fall-- despite to upward drift. Now is the time to fall.
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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.

marketsurfer said:
It took us 8 entry attempts to nail the coming solid downwave. The down move will happen, the question is velocity -- we could see the 1000 point plus move ftom the djia highs in 2 days or even 2 months with fluctuations in between. Or it could be fast and violent.
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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.
 
Mtrader said:
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.

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.
More...





Sorry, Nostrodamus, but we only deal with the real world.

No interest in regugugitated for the millionth time "common trading knowledge We think differently here and are far beyond your guidances.



surf
 
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algofy said:
Can you explain who "we" is again?
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"The royal "we", or majestic plural (pluralis majestatis in Latin, literally, "the plural of majesty"), is the use of a pluralpronoun (or corresponding plural-inflected verb forms) to refer to a single person holding a high office, such as a sovereign (e.g., a monarch or sultan) or religious leader (e.g., the Pope or a bishop). The more general word for the use of a we to refer to oneself is nosism."

Just kidding, he means his team aka his daugther, Mickey Mouse and their pet gerbil....
 
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?
 
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