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Quote from taclander:

Any change in position? Do you have a rough idea where the price driver number would change?
Would you like someone to call in a news tip that Israel just attacked Saudi Arabia? :D
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LOL! yeah, North Korea blockades oil shipping lanes would be sweet.

There have been no changes, CL remains at positive 7--- just waiting this one out. surf
 
I wouldn't be surprised to see some covering before the weekend and the price come up. I just can't hold over weekends it prevents me from sleeping.
 
Quote from RedTankEra:

Ironically, it's the lack of TA that makes your timing be broken.
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Despite the claims and hubris, no one can time to the degree they think they can. Its truly troubling to see the folks claim these super human mysitical powers with a straight face--- My timing isn't broken, my time frame and targets are simply much wider than yours. surf
 
Quote from taclander:

I wouldn't be surprised to see some covering before the weekend and the price come up. I just can't hold over weekends it prevents me from sleeping.
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Im ok with holding--- good luck! surf
 
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.
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wow, dood.. first off... "no guts, no glory"? sure way to kill an account... please, lets not forget that Buffet's account is in the billions... his position, in comparison to his portfolio, is not that huge.. so a 20% DD in the position is not the same as a 20% DD on his account... also, all his other "bets" were paying off... so he was doing quite well... specially with all those warrants and special dividends on other positions...

As long as I know where my stop is, if tight or wide makes no difference, the point is to recognize when one is wrong and get the hell out of the trade... sitting through pain when the trade is not working, is not healthy... if I was buying CL, I would be a buyer @ 91 after it bounces from 90 if it found support there... with an expectation of testing 97 again, with my stop @ 92 assuming I was trading 10 contracts on a $1MM account... I dont get why the OP is long currently.. but hey, that is just me, I dont have the experience the OP has... or that you might have as well...
 
Quote from marketsurfer:

Despite the claims and hubris, no one can time to the degree they think they can. Its truly troubling to see the folks claim these super human mysitical powers with a straight face--- surf
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I disagree. Patience and experience can lead to great timing. Waiting for those optimal moments can be annoying but are well rewarded. These moments also allow for tight stops. I'm not always right of course but overall I'm very happy with my trades. Patience is a key though.
 
Quote from Cote Rotie:

I disagree. Patience and experience can lead to great timing. Waiting for those optimal moments can be annoying but are well rewarded. These moments also allow for tight stops. I'm not always right of course but overall I'm very happy with my trades. Patience is a key though.
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No doubt. I have had incredible timing experiences in the past. Many have been recorded on the surf report here since 2002--- however, I am not naive enough to believe that I have any special timing skills or abilities due to past price movements. What I learned is those optimal moments are only visable in hindsight-- clearly I was too early on this entry, but paitence will turn the loser into a winner, according to the Price Driver System. The odds are 85% this trade will be profitable.
 
Surf, if timing is not your thing, why not average in? 5-5, 3-3-3, 2-2-2-2-2, contracts instead of all in....
You would be probably still down, but much less...
 
Quote from Pekelo:

Surf, if timing is not your thing, why not average in? 5-5, 3-3-3, 2-2-2-2-2, contracts instead of all in....
You would be probably still down, but much less...
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I agree. I was over confident on this and should have averaged in.
 
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