Surf's Special Situation Journal

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Quote from marketsurfer:

Don't know yet, I let the market tell me what to do. I rarely set targets ( profit stoppers) as no one knows the future. I am still expecting a huge win on this one, eventually. I'm in no rush.

surf
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Nice exit strategy. "I don't know".

You sound like a guy who started trading 2 days ago.

25.00 ?

30.00 ?

At what point do you get out? Or will you just ride this wave into oblivion. VN taught you well.
 
Quote from traderchi128:

Nice exit strategy. "I don't know".

You sound like a guy who started trading 2 days ago.

25.00 ?

30.00 ?

At what point do you get out? Or will you just ride this wave into oblivion. VN taught you well.
More...

this price drivers system is so subjective. just seems like random guessing and then praying the trade works.
 
Quote from Fah Q:

this price drivers system is so subjective. just seems like random guessing and then praying the trade works.
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Exits are subjective. Price driver remains short JCP.

surf
 
Quote from Wide Tailz:

Nice action on the weekly but could be construed as a rising wedge ~ instant poof, with the right trigger
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Thanks for the chart.

Good thing I don't follow TA.

:D
 
Quote from Fah Q:

this price drivers system is so subjective. just seems like random guessing and then praying the trade works.
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Basically that's what he's doing. Very random trades as he both buys things into free fall (KCG), then in this case, shorts them.

It's rather laughable to have someone come on here , give out a trade, then have no idea when to get out. Rookie stuff.

At least those gurus/clowns who sell their trade signals in chat rooms have an exit strategy.
 
Quote from marketsurfer:

Thanks for the chart.

Good thing I don't follow TA.

:D
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JCP spent the first half of 2012 in freefall, then spent the past month exploding to the upside.

Based on the chart, if a trend persisted more than a couple months, it remained in effect for half a year.

The reaction of price to the latest news was very bullish.....
 
Quote from traderchi128:

Basically that's what he's doing. Very random trades as he both buys things into free fall (KCG), then in this case, shorts them.

It's rather laughable to have someone come on here , give out a trade, then have no idea when to get out. Rookie stuff.

At least those gurus/clowns who sell their trade signals in chat rooms have an exit strategy.
More...

i gather he admits to holding trades too long in the past. a logical person would put a system in place to make sure that this vice is taken care of. sounds like surf is trading something called price drivers that still allows him to hold as long as he'd like.
 
Quote from Wide Tailz:

JCP spent the first half of 2012 in freefall, then spent the past month exploding to the upside.

Based on the chart, if a trend persisted more than a couple months, it remained in effect for half a year.

The reaction of price to the latest news was very bullish.....
More...

good thing I don't follow charts.
 
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