That's what all gamblers tell. They have a "system". Denial is a typical caracteristic of addiction.
Last edited:
Surf Report
- Thread starter marketsurfer
- Start date
- Status
No, the biggest problem is giving back open P/L profits while waiting.
WRONG. Mathematically a daytrader has more potential for making profits then an investor. The daytrader can take every move within the big moves, while the investor skips a lot of non realized profits while waiting for the right moment.
Surf,
why do you copy this chart from a Twitter account from somebody else? The least you could do is tell that it is not yours. Or is it the purpose to suggest that it is yours? Not really good for your reputation. But you are not the only one doing this, unless MrScalper is an alias from you too...
you don't gamble yet you show all the traits of a gambler. ok.
Surf - What is exactly your plan IF it does make new highs? Anything can happen (it's a market). I have seen and sat with people who talk in terms of absolutes and it always ends the same way badly. It's not fun to watch people implode, turn to drink, marital issues etc.
The 2 red flags in your behaviour that I have seen so many times in others are:
a) thinking in terms of absolutes - the high is in, it has to drop 1000 points, false, nothing has to happen ever. You seem to have no plan if your scenario doesn't work apart from shorting more. You are on a string of 7 losses. For god's sake do not short more when it makes new ATHs.
b) propensity to fade long term trends - it's futile and leads to busted accounts time and time again. Market Makers know this, I used to be one at a firm. Retail and other losers always get on the wrongside of trends, that's how the MM make their money alongside by managing their inventory and aside from rebates.
Even if this trade does work out for you and you bank 1000 points then you will continue to fade long term trends until you wipe out. If you want to fade moves why not fade a highly co-integrated instrument rather than something trending?
I can tell you why a long term high is very likely not to be in place. The reason is a lot of retail and weaker players have shorted in the last 6 weeks. Just supposing we are in for a big drop, the larger players collectively will not allow the price to drop until these short are liquidated. These larger players will push price to liquidate you before any drop. In the event that they get caught offside they will drive price up to liquidate their average price for a small profit.
If I were you I would just stick to the marketing business (if you are not already). Otherwise you are just throwing your money away and it could end up very badly.
The 2 red flags in your behaviour that I have seen so many times in others are:
a) thinking in terms of absolutes - the high is in, it has to drop 1000 points, false, nothing has to happen ever. You seem to have no plan if your scenario doesn't work apart from shorting more. You are on a string of 7 losses. For god's sake do not short more when it makes new ATHs.
b) propensity to fade long term trends - it's futile and leads to busted accounts time and time again. Market Makers know this, I used to be one at a firm. Retail and other losers always get on the wrongside of trends, that's how the MM make their money alongside by managing their inventory and aside from rebates.
Even if this trade does work out for you and you bank 1000 points then you will continue to fade long term trends until you wipe out. If you want to fade moves why not fade a highly co-integrated instrument rather than something trending?
I can tell you why a long term high is very likely not to be in place. The reason is a lot of retail and weaker players have shorted in the last 6 weeks. Just supposing we are in for a big drop, the larger players collectively will not allow the price to drop until these short are liquidated. These larger players will push price to liquidate you before any drop. In the event that they get caught offside they will drive price up to liquidate their average price for a small profit.
If I were you I would just stick to the marketing business (if you are not already). Otherwise you are just throwing your money away and it could end up very badly.
Your claiming an exact return on handles.. It has everything to do with it!
Credibility is a tricky little thing that`s earned.. Tells are evident.
Tells about your comprehensive ability are clear in the above post. The call was a 1000 point drop from the entry with 10 units. Obviously there are costs required to trade that will reduce the return less than the full 1000 points-- This is so obvious to real traders that it doesn't need to be mentioned. Only sad little wannabe internet sleuths would find it as "evidence".
surf
You mucked it, Surf... You make these little mistakes consistently, hence your Tells.
You`re not a "Real Trader" .. please stop the tomfoolery & ballyhoo, already.
Go back to being a salaryman. Pattern recognition and risk are not your forte'.
Such as?
At least use the correct term for "costs" if rollover is what you mean. @southall is 100% correct about his assessment if this is what you are referring to. Even though it will all be after the fact now, since you continue to claim this is a real trade, you need to tell us when you rolled over your 10 contracts, and what price you sold at, and what price you bought the new ones at. You have no problem being firm with your entry for 10 contracts at a specific price, so its essential that you update the figures with what you did for roll-over. Of course maybe you think you have your March contracts still in play, and if this is the case, well, good luck cashing those in.
Last edited:
- Status