Surfer Alerts

Optional · Jul 9, 2013

Quote from marketsurfer:

No, decided to hold. the sell off ending at 12 was quite compelling for me to maintain the position--

Yes. Real trading is when you can convince yourself of anything and to ignore your rules and plan.
That's the ticket!!
Everyone - feel fortunate that you get to watch someone rip their own face off! LIVE! And in person! And probably not with real money.

marketsurfer · Jul 9, 2013

We have closed the short term YM short at 15212. Flat. surf

marketsurfer · Jul 9, 2013

Calculations are indicating to short here-- shorting at 15223 once again.

Short YM 15223

surf

marketsurfer · Jul 9, 2013

Quote from Optional:

Yes. Real trading is when you can convince yourself of anything and to ignore your rules and plan.
That's the ticket!!
Everyone - feel fortunate that you get to watch someone rip their own face off! LIVE! And in person! And probably not with real money.

FIxed plans and rules get decimated in the ever changing market--- one needs to be able to change as the market changes and never get hung up on ego things like "my plans" surf

cornix · Jul 9, 2013

Could you please remind your entry into the short just closed, Surf?

marketsurfer · Jul 9, 2013

Quote from cornix:

Could you please remind your entry into the short just closed, Surf?

14973 YM entry

surf

cornix · Jul 9, 2013

Quote from marketsurfer:

14973 YM entry

surf

Thanks.

jamespond · Jul 9, 2013

Quote from marketsurfer:

We have closed the short term YM short at 15212. Flat. surf

Quote from marketsurfer:

Calculations are indicating to short here-- shorting at 15223 once again.

Short YM 15223

surf

If I understand it correctly, you just locked in a 240 point loss. That's rather unusual as most people like to lock in a profit and not a loss. But maybe this is part of your money management that I don't quite get. Perhaps you could enlighten us on this ?

JP

marketsurfer · Jul 9, 2013

Quote from jamespond:

If I understand it correctly, you just locked in a 240 point loss. That's rather unusual as most people like to lock in a profit and not a loss. But maybe this is part of your money management that I don't quite get. Perhaps you could enlighten us on this ?

JP

Yes, I closed the trade, then recieved/deciphed some information that I should get back short, therefore jumped back in short at 15223. surf

sellindexvol66 · Jul 9, 2013

Quote from jamespond:

If I understand it correctly, you just locked in a 240 point loss. That's rather unusual as most people like to lock in a profit and not a loss. But maybe this is part of your money management that I don't quite get. Perhaps you could enlighten us on this ?

JP

not to defend a paper trade...but if you are any kind of trader you know stopping out is part of the game.

trying to humiliate him further is like beating a dead horse.