Surf's Special Situation Journal

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Quote from Xspurt:

If the performance is low then the risk has to be sky high to achieve the return. I don't like that. If the performance is high then the risk is much lower because the position size is smaller. The actual stop is very tight as I said, about 5 pips or less on average.

We look for high performance so the position risk is lower. As time goes on the position size increases weekly but the risk profile get lower each week. Also the skill level increases. At the moment there are more warts trades than I would like but there has not been one losing day.

Today he stopped early with 101 pips net. Total risk per trade was around $600 with slippage, so about 2% but that as I said will decrease.
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Does he trade FX?
 
Quote from TheMagican:

Meant i was somewhat satisfied with your vague reply.Vague - means without any specifics in this sense.
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Hmm, yeah it's a no-win for me on that one. If I could give a one page reply that would kinda satisfy everyone I could walk on water for my next trick. Google "timing the trade" and you'll get 97,100,000 results.

If I have something to say on the matter it would take a book to put everything in place. Sorry this is not a quickie as it's much bigger than someone asking, Show me what TA is and how it works.

As I said, I have mentored a few guys and most have been very experienced (10yrs) traders. Without a doubt, the hardest thing to teach is timing because you need top rate keyhole reading and then be able to transpose the movement of a bigger chart context, first to the smaller time frame and then from the smaller to the bigger. And you have to do that with quite a few charts.
 
Quote from Xspurt:

Hmm, yeah it's a no-win for me on that one. If I could give a one page reply that would kinda satisfy everyone I could walk on water for my next trick. Google "timing the trade" and you'll get 97,100,000 results.

If I have something to say on the matter it would take a book to put everything in place. Sorry this is not a quickie as it's much bigger than someone asking, Show me what TA is and how it works.

As I said, I have mentored a few guys and most have been very experienced (10yrs) traders. Without a doubt, the hardest thing to teach is timing because you need top rate keyhole reading and then be able to transpose the movement of a bigger chart context, first to the smaller time frame and then from the smaller to the bigger. And you have to do that with quite a few charts.
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Why don't you tell us who you are? You speak as an authority but in 10 years of placing funds with real traders with real performance, I have never heard anyone speak in your language. You sound like a book author or super secret system marketer. Untill you reveal your actual identity, your words are nonsense.

surf
 
Quote from marketsurfer:

Why don't you tell us who you are? You speak as an authority but in 10 years of placing funds with real traders with real performance, I have never heard anyone speak in your language. You sound like a book author or super secret system marketer. Untill you reveal your actual identity, your words are nonsense.

surf
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No, no, no, no! Until you show your loses and make your PD's transparent and show that you have money down, then your words are nonsense. Until you take up the gauntlet you threw down and show your PD's against TA your words are nonsense.

Like I say, let's both do an audit and you can choose the auditor and see the statements. One broker, one account and every trade listed. You'll see lots of trades are done every day, every stop out. how close the stop are... everything. But then you publish your PD and my student's TA results and if what I say is true, you eat humble pie about TA.

Perhaps I am a super secret marketer that is so secret no one can Google it :D :D
 
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