surfers $$ journal

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Quote from marketsurfer:

it appears that the topping has ( finally ) started. making final entry in YM @ 11610 short.

surfer
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surfer what happened to your neo gann system that used to try to catch breakouts from a channel up or down. did you give up on that because of too many whipsaws?
 
Quote from vhehn:

surfer what happened to your neo gann system that used to try to catch breakouts from a channel up or down. did you give up on that because of too many whipsaws?
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hey vhehn,

yes, it was getting whipsawed--however, its still part of the arsenal--too bad i was not using it on this run up!!

surfer
 
Quote from marketsurfer:

yes, it was getting whipsawed--however, its still part of the arsenal--too bad i was not using it on this run up!!

surfer
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Yes, too bad.
 
Quote from marketsurfer:

hey vhehn,

yes, it was getting whipsawed--however, its still part of the arsenal--too bad i was not using it on this run up!!

surfer
More...

this market sure looks like it has a date with all time highs.
 
Quote from Stardust:

Surf , at the moment you're pissing into the wind. Dly,wkly,mnthly trends are all UP. At what point are u wrong, cut n run or reverse?
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These blanket statements of "losers average losers" and the like really make me sit back and laugh. These statements take nothing about position sizing with relation to portfolio size etc. into account. The statements by themselves mean nothing, absolutely nothing. I average losers quite often, but I never overextend and that is the key. Now, if you commit a huge amount of portfolio size and then average in, then that would make you a loser. That is something that I don't do. I have been averaging losers for 25 and a half years and I am still here.
 
yeah, it goes higher and higher, and any indicator that measures divergence goes lower and lower ...

when it blows, it's gonna blow hard!

damn, wish i had the stones (and the loot, and the knowledge) to manage money like this

Later,

Jimmy
 
Quote from marketsurfer:

it appears that the topping has ( finally ) started. making final entry in YM @ 11610 short.

average entry price 11555


surfer
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New top again @ 11642.
Time to get the calculator out again.

Short @ 11508
Short @ 11532
Short @ 11572
Short @ 11610

How many contracts per execution?
Yes, this is the way "Professional Traders" do it!
I'm impressed.
 
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