Surfer Alerts

[slumdog]

Quote from Xspurt:


But even if he's down twice that at $34,000 one big winner will put a smile on the bottom line. He's very confident PD's are up to the job so let's see.

I note his losing YM trade was $25 per tick (5 contracts)
So he then goes to bet $100 a tick on CL (10 contracts).
Now even a coin flip will eventually put a 'smile on the bottom line' if you keep upping your bet size four fold every time you lose.

 

[Placebo]

I think his timing was impeccable

 

[Lucrum]

Quote from slumdog:

Short YM june @14430--- 5 contracts

Anyone know where he took the loss on that one?

I've asked him twice already, no response.

 

[Xspurt]

Quote from slumdog:

I note his losing YM trade was $25 per tick (5 contracts)
So he then goes to bet $100 a tick on CL (10 contracts).
Now even a coin flip will eventually put a 'smile on the bottom line' if you keep upping your bet size four fold every time you lose.

Yeah it's a strange jump in size. I think he said something about being unable to increase size on CL as he was max'd out so that idea is a non starter. Taking a $50k hit must mean reducing future size in all probability... if I understood correctly.

That will make recovering from so many losses more difficult because of the low win rate and the increasing size of losses. It's not just the math that piles up against the trader, it's the emotional damage and that's not surf's strong point.

It will be interesting to see how he handles the math as well as the recovery strategy. Exciting stuff watching these PD's in action. If they are cyclical then surf will hit some big winners and just have to bite the bullet on the cyclical losses. However if the PD's turn to be fools gold then it will be more of the same. I love watching a quant in action.

 

[Placebo]

PD's are now saying sell

 

[Option_Attack]

Sorry Surfeur. Another massive loss... I'll call the Bentley dealer for you and tell him the deal's off.

Next time...build your position if it is winning, not losing.

Good trading to all.

 

[marketsurfer]

Allright--- we are setting up channel to trade the /YG june gold emini contract. The PD's are leaning bullish BUT experience has shown that this may portend toward a continued negative move. We have created a death channel in the contract at 1433 to 1377--- trades will be entered in the direction of the break out, at 3 minutes after breaking above or below the channel line---- If our channel lines are correct, the breaking of these lines combined with the PD will result in profitable price momentum in the same direction. Lets go do what happens. Surf

PS-- I feel bullish here, along with the PD's but will await confirmation via channel to confirm rather than plunging in on PD alone.

 

[taclander]

I hope he was in front of the platform to get out. Depending on which broker he probably had to reenter the stop, or take himself out.

 

[marketsurfer]

YM june death channel is 14777 to 14666--- long above short below with same parameters as the gold trade. PD's are neutral-- so just paitently waiting for a break. surf

 

[Placebo]

Quote from marketsurfer:

Allright--- we are setting up channel to trade the /YG june gold emini contract. The PD's are leaning bullish BUT experience has shown that this may portend toward a continued negative move. We have created a death channel in the contract at 14333 to 13777--- trades will be entered in the direction of the break out, at 3 minutes after breaking above or below the channel line---- If our channel lines are correct, the breaking of these lines combined with the PD will result in profitable price momentum in the same direction. Lets go do what happens. Surf

Still looks bearish to me, don't see much strength materializing just yet.