Surf Report

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JackRab said:
Longer term conviction... not everyone trades in the same way and with the same timeframe.
In Surf's case, conviction is down about 5% sooner than later... it will depend on how long he will keep the short if we go up further.
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Im getting out at break even if the forecasted plunge does not occur by then. Its too big to risk it smoking against me, but we remain bearish.
 
newwurldmn said:
Everyone experiences a drawdown
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Generally that is true but mine are so small they don't deserve to be called a drawdown. 1 to 3 points usually. Either the trade goes my way very soon after entering or I am out a BE or SL of 1 to 3 points depending upon context of the trade.
 
volpri said:
Generally that is true but mine are so small they don't deserve to be called a drawdown. 1 to 3 points usually. Either the trade goes my way very soon after entering or I am out a BE or SL of 1 to 3 points depending upon context of the trade.
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Ok, i can't compete with those stats.

surf
 
marketsurfer said:
Im getting out at break even if the forecasted plunge does not occur by then. Its too big to risk it smoking against me, but we remain bearish.
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Why don't you grab your 100 points now? If the bear resumes then you can enter again short. Why? Market is bullish.
 
You mean vic is still around after blowing up what?....two or three times...? I took a look at the link. Does he have a problem spelling?
 
marketsurfer said:
Ok, i can't compete with those stats.

surf
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For me if I am wrong in my judgement of market direction i will very soon know it and i don't see any sense in staying married to my position. I will jettison it faster than eating at taco bell and wait for a better shot at the moon.

I do not believe in noise in the market. Every tick happens for a reason. Even a dog should know that.

IMG_4175.PNG
 
volpri said:
You mean vic is still around after blowing up what?....two or three times...? I took a look at the link. Does he have a problem spelling?
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He remains a very wealthy man and is trading his own account currently.

surf

Ps. Super funny picture! :D:D:p
 
volpri said:
I always did like him. He was all in. Bit of a gambler. But when he hit it right..he hit it big..likewise on the losses.
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In my humble opinion, his own competitive nature did him in as a fund manager. He not only needed to make big returns, he wanted to maintain his top ranking in the biz. This required taking too much risk at times.

Once again, this is just my observation of the situation not confirmed.
 
marketsurfer said:
In my humble opinion, his own competitive nature did him in as a fund manager. He not only needed to make big returns, he wanted to maintain his top ranking in the biz. This required taking too much risk at times.
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"Don't be a hero.

Don't have an ego.

Always question yourself and your ability.

Don't ever feel that you are very good.

The second you do, you are dead"
 
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