Surfer Alerts

[R. Raskolnikov]

But without a stop, intra-day gyrations can become a serious issue, no?

Quote from marketsurfer:

Controlled by position sizing relative to account size rather than tied to intraday gyrations.

surf

 

[marketsurfer]

Quote from R. Raskolnikov:

But without a stop, intra-day gyrations can become a serious issue, no?

Not if you are positioned sized properly relative to your account size. In an extreme black swan event, perhaps it's possible, but stops may not function properly given the right circumstances either.

 

[R. Raskolnikov]

Can you expand on this, perhaps using your 10 lot CL trade as an example?

Quote from marketsurfer:

Not if you are positioned sized properly relative to your account size.

 

[cornix]

Quote from Lucrum:

No it's not, not to even mention how much you have to make just to get back to where you began.

I really don't understand what's so hard in better timing?

 

[cornix]

Quote from marketsurfer:

We are dealing with an oscillating system, no one can time it consistently regardless of the claims, therefore it often takes riding down waves against your position before the big picture pressures on price can push the position into profits.

Surf, that's simply not true. Trading with tight risk and decent R:R ratio is not only possible, but absolutely doable as well as decent timing, including intra-day.

 

[cornix]

Quote from Ol' Yella:

+1

Dont really understand why all the disdain for this guy. Havent seen him do anything bad during my time on ET.

Speaking for myself, I appreciate Surf's honesty about posting what he thinks and his trades.

But cannot refrain from comments, when something he talks about is just plan wrong. People may read it and believe that's how trading should be done, which can't be further from the truth.

 

[Xspurt]

Quote from oraclewizard77:

Look, if he is going to start multiple threads trashing TA traders while sneaking his website links until someone deletes them, then us TA traders have a right to post about his PD. That said I will give it a rest unless he starts polluting ET again with trash talking about TA.

I think the judiciously astute terms surf used to describe his perfidious advertising activity was being a stealth vendor or publicity seeking creep. I wish surf all the very best with his PD's and the hand of friendship will always be outstretched, as also will be a robust response when a TA challenge is issued. Should the poacher play gamekeeper, or some worrying hint of Alzheimer's resurface, then a little friendly nudge to let him know we are still wide awake is not out of order.

 

[Wide Tailz]

Surf's new journal is only 1.5 dayz old and already blowing up.

But in a way, I agree with what he's doing: avoiding tight stops because they guarantee a slow account death.

No guts no glory..... I remember myself posting how Buffet would have been fired, had he been a fund manager, when he bought BAC slightly before it bottomed, sitting thru a 20% DD.

Look at it now...... I am the foolish newbie for posting that. If one can really get a lock on the driver behind any new demand in the future, no TA is necessary, other than buying low.

 

[cornix]

Quote from Wide Tailz:

Surf's new journal is only 1.5 dayz old and already blowing up.

But in a way, I agree with what he's doing: avoiding tight stops because they guarantee a slow account death.

No guts no glory..... I remember myself posting how Buffet would have been fired, had he been a fund manager, when he bought BAC slightly before it bottomed, sitting thru a 20% DD.

Look at it now...... I am the foolish newbie for posting that. If one can really get a lock on the driver behind any new demand in the future, no TA is necessary, other than buying low.

Why do you guys speak like possess absolute truth?

Tight stops can be very effective, extremely effective even. They guarantee slow death only when one doesn't know anything about decent timing.

I don't use stops over 10-12 ticks for years. Know people who are successful with even smaller stops.

It's a matter of skill, never an absolute "this is a guarantee for that".

Of course, stops should be adjusted depending on trade time horizon, but in Surf's case I must sadly admit there is no sane risk management at all. Just fading any strong move and hoping it's a climax. That's how it looks to me.

 

[Placebo]

Strong moves are usually followed by a pause, then a continuation of the move in the same direction.