surfers $$ journal
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Quote from Exodus:
Surf,
Good Job !
GLD (Gold Tracking Index) SHORT (short term trade) this is a return favor for the heads up on GOOG top.
thanks, exodus! yeah, GLD---- thanks for the heads up.
surf
looked very closely at exodus's suggestion of short gold. i really like this idea. GLG partners closed out 140k plus sharts, and sage mgt increased holdings. vwap is 71.59, 200 day MA is at an amazing 51.32 with 50 dma 58.41, 20dma 61.39---this is screaming short.
stay tuned,
surfer
stay tuned,
surfer
entering first short entry in GLD here @ 71.82
surfer
surfer
2nd entry same size 72.02 GLD short.
holding YM shorts into open.
surfer
holding YM shorts into open.
surfer
Yeah, I know, part of Surf's methodology seems to be to move in anticipation of the charts' price action, based on an indicator(s) (which may be proprietary or not, or may just be experience and knowledge) of determining overbought/oversold status, managing risk by scaling in based on ... I don't know.
That's why the traders look who look at trends, require confirmation (breaking resistance-for longs/support-for shorts) as part of their process, etc. look at'em and say "what are you talking about?", because they don't know either.
His method is hard to figure out (and this by definition gives him the edge he needs to win in the marketplace), but it must have positive expectancy, and his wins should far outweigh his losses, or else he wouldn't do it.
But hey, that's just my $0.02, I took my scalp yesterday, took one today, and I'm a happy camper.
So anyway, here's where the DOW trade stands
Best,
Jimmy
holding all positions here. GLD nicely profitable--thank you exodus for the heads up!!!
YM short nicely profitable, holding here.
turning this thing around....
best,
surfer
YM short nicely profitable, holding here.
turning this thing around....
best,
surfer
I can hear much gnashing of teeth goiing on in the background. I always think of that Seinfeld episode where every time Jerrys stock goes down Kramer comes in grinning. There are a lot of people that take pleasure in anothers pain and we get more than our share of Kramers here. I luvs them bearflags.
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