Surf Report

[Visaria]

Recap of all of Smurf's calls on this journal so far:

Call 1: Short 20597, exit 20728 loss of 131 pts
Call 2: Short 20660, exit 20728 loss of 68 pts

Call 3: Short 20708 exit 20780 loss of 72 pts
Call 4: Short 20795 exit 20780 profit of 15 pts
Call 5: Short 20787 exit 20780 profit of 7 pts

Call 6: Short 20814 exit 20965, loss of 151 pts
Call 7: Short 20808 exit 20965, loss of 157 pts
Call 8: Short 20825 exit 20965, loss of 140 pts


Currently open calls:

Call 9: Short 21087 current price=20947, open profit=140pts


NB:Some exit prices are based on timestamp of exit post where no exit price was given.

You haven't taken into account position size....so currently he has 10 units (just assume it's 10 lots) short at 21087.

 

[propwarrior]

Yeah, there is no way we can compete with or even comprehend the stunning financial prediction engine the Surfster and his band of intellectual superiors command. Why don't we all just give up...

his team of quants and phds in microstructure are on it mate. pile drivers en all

 

[marketsurfer]

Remaining short in the YM--- patience is a virtue in situations like this. Stay short readers!

 

[marketsurfer]

his team of quants and phds in microstructure are on it mate. pile drivers en all

Matter of fact I do have a market microstructure PhD on the team... very prescient of you, sport.

 

[marketsurfer]

You haven't taken into account position size....so currently he has 10 units (just assume it's 10 lots) short at 21087.

Yes, that's correct. Conviction of the move kept getting stronger so we ramped up to very risky size.

surf

 

[propwarrior]

Matter of fact I do have a market microstructure PhD on the team... very prescient of you, sport.

yes it was sarcasm mate. I recalled the vitriolic declaration of a PHD in microstructure a while ago.

 

[propwarrior]

Yes, that's correct. Conviction of the move kept getting stronger so we ramped up to very risky size.

surf

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.

 

[speedo]

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.

He didn't put on a "position", he simply typed nonsense...it's what he does.

 

[southall]

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.

Mate, he is paper trading. So doesn't give a shit about 'risk parameters'.

He could prove us wrong by posting an actual account statement, but im not holding my breath for that.

 

[JSSPMK]

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