Surf Report

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Mtrader said:
I agree, the market went up strong, that's what happened.
Surf lost all his profits from the first trade in a row of 8 that he could make profit on. That's what happened and the only thing that is important like you said.
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Mr surf, for the 100th time, is an investor..HE IS NOT A SHORT TERM TRADER!!!!!!!!!!!!!

What is with you guys, surely you can not be that stupid, or can you!!!!!!!!!!!!!!!!!!!

None of you know what his portfolio is, and what % is invested in his YM trades, and what his draw-down on account is..IF ANY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

A little bit of knowledge is really a dangerous thing, and you lot keep on showing, day in, and day out, just how little you really know..LOL
 
jamespond said:
It's not rocket science but a little effort is needed of course (as with most things in life)

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Oil futures low today (so far) was a bounce to the tick on a previous level with very high volume.
So I hear you saying: "sure, nice of you to post that AFTER the fact"
Indeed it is. The signal happened at 10:49. So you can take 5 or even 10min to think about it ;) and than enter with a stop right under 48.20 to make this a really low risk entry. Large potential, low risk, that's how it should be done. Not the other way around as some are practising.:rolleyes:

If the signal did not materialise (no bounce with high volume) there would have been no trade. So you need to wait until after the fact.
Well at least that's how I trade, but I'm sure others do different things. Whatever works I'd say.

JP
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You still have a lot to learn Mr pond, as the way you mention is nothing more than text book trading, which is not the best way to trade..far from it actually!

Always keep in mind that there is always a better (not widely known) and easier (less risky) way to do things.

Personally, I keep away from the Nymex gangsters, as the ES is far better and far easier!
 
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