Surf's Special Situation Journal

[cornix]

Quote from R. Raskolnikov:

I think the central limit theorem states that 30 or more constitutes a large enough sample size so, yes, 50+ works! That's evidence enough for me, not that I need any evidence. I already know that TA, properly applied, can work

Ya, but brother Surf persuades me that I don't trade TA, just don't know about it yet.

 

[Lucrum]

So...where exactly are all of these "special situations"?

 

[R. Raskolnikov]

Clearly your trading is just luck. I'm currently on a 12+ year lucky streak myself....hopefully I continue to be lucky for another 12

Quote from cornixforex:

Ya, but brother Surf persuades me that I don't trade TA, just don't know about it yet.

 

[cornix]

Quote from R. Raskolnikov:

Clearly your trading is just luck. I'm currently on a 12+ year lucky streak myself....hopefully I continue to be lucky for another 12

Yea, some people are just lucky!

P. S. I like the saying "the more I practice the luckier I get".

 

[euclid]

Quote from marketsurfer:

In the stock market, at least, testing has proven that the trend is not your friend.

Quote from tobbe:

Interesting. How do you define "trend"?

He defines it as a channel breakout. See surfer's new trend following rules:

Quote from marketsurfer:

SURF ALERT

Our Price Driver Channel System has identified its first potential trade in Apple.

The upper channel line is 633 and the lower channel line is 609 ---in between is the death channel--- stay flat. If the upper line is broken by 3 minutes, go long with the line as the original stop level. Should the lower line be broken by the same parameters go short with the lower line as the original stop level. How you manage the trade, after entry, is dependent on your goals and risk tolerance. The machine is set to execute these parameters 3 times with losses prior to shutting off due to levels proving themselves not correct. We use to use 5 but discovered 3 is the optimal number of tries.

Lets go do what happens. surf

 

[marketsurfer]

Quote from R. Raskolnikov:

Didn't the trader who uses TA, AustinP, do well in that combine? I do not follow the thread closely but did catch a post or two concerning this.

Yes, I was quite impressed with his performance. He really does seem to being doing something right, but time will tell.

Wonder why none of the other TA true believers wanted to take a shot at a nearly free call option for OPM? Why would anyone risk their own money, when given a choice to risk someone elses with no downside. I don't get it??

 

[marketsurfer]

Quote from euclid:

He defines it as a channel breakout. See surfer's new trend following rules:

6 points away from the possible BIG SHORT.

stay tuned,

surf

 

[cornix]

Quote from marketsurfer:


Wonder why none of the other TA true believers wanted to take a shot at a nearly free call option for OPM? Why would anyone risk their own money, when given a choice to risk someone elses with no downside. I don't get it??

One can also ask why do OPM under someone else's conditions when you can do OPM under your own conditions and with only those people you personally want to deal with.

 

[marketsurfer]

Quote from cornixforex:

A

Me and my wife (she's a shrink too) both agree years in the university were a treasure of interaction with bright people as much as they were an education itself.

Whoa, married shrinks-- in my previous life, two married shinks lived directly across the street from me-- they were very nice folks but always seemed to be "observing" me from a far-- that and their poodle dyed bright pink--- painted a unique picture.
surf

 

[marketsurfer]

Quote from cornixforex:

One can also ask why do OPM under someone else's conditions when you can do OPM under your own conditions and with only those people you personally want to deal with.

You have a point. You know, back in 1999, I was hired to teach TA to a fundamentalist fund manager and his traders. Then I was allocated capital to trade on behalf of the fund. I was down 3% at one point, while the anchor investor pulled his money due to an outside reason. I then launched my own operation but found it was smarter and made more sense to allocate the money to other folks who were smarter, more experienced and had better infrastructure than I did. Not to mention, it fit my personality better to be a deal connector middleman than to directly trade for a living, although I still love trading as a hobby. As you grow, you find that no real hedge fund investor is going to allocate to someone with no infrastrcuture regardless of returns. EEking out a living by trading small OPM or your own account is only one way to make a livign in the market.
surf