Surf's Special Situation Journal

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Quote from marketsurfer:

good luck, but his sounds like the wrong business for you right now.

it doesn't have to be 10 in a row.

why are folks who are least suited for this business, the most attracted to it? no offense, but think this over first.

surf
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At this point in time my schedule makes me not well suited, but I wouldn't say I personally am not well suited for the business. Just because I work full time, go to school, and have a wife and child does not mean I am not well suited to trade. Just a lack of spare time.

I might have taken the "well suited" part wrong on that though idk...
 
Quote from NoDoji:

I don't take $3.30 heat. If swing trading I'd have been short from 95.41 back on 9/19 (trend line break, pullback and continuation trigger).

Someone who wasn't already short from there and looking to enter a new swing position short (not a day trade), would have had a short entry triggered on a break of a previous day's low during the pullback. That places a swing trader short at 91.39 if entries are acceptable during the Sunday session, or short at 91.61 during the yesterday evening's action. Protective stop would be placed above the last swing high (93.84).

This is really, really basic TA. I think you guys just like to post crap :p
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C'mon, so the trade you use as some sort of proof of concept is now abandoned? wtf. NONE of those price points are mentioned until now.
 
Quote from marketsurfer:

good luck, but his sounds like the wrong business for you right now.

it doesn't have to be 10 in a row.

why are folks who are least suited for this business, the most attracted to it? no offense, but think this over first.

surf
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You are right, he is not in a position to be a full time trader and that's why he's a student of the markets at this time.

Intellectually, he appears well suited to trading, IMHO. He picked up both basic and advanced technical price action concepts very quickly.

Real time trading is a whole different world. That's where the ability to follow a plan protects you from big losses and tallies up consistent profits over time. Only time will tell with regard to that.
 
Quote from atticus:

C'mon, so the trade you use as some sort of proof of concept is now abandoned? wtf. NONE of those price points are mentioned until now.
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Sorry, I assumed that since you follow me so closely, you've been following me closely for a while and would know by now that when trading with the trend I don't initiate a position during a pullback until price turns and breaks a previous bar's high/low back in the direction of the trend after coming close to, or testing, a key S/R level (trend line, previous S/R, or 20EMA).

Some trend followers will average down during pullbacks. If I traded that way, then entering a short on the day I posted the target levels would be OK if willing to take heat all the way back to the 20EMA, maybe even a bit further.
 
Quote from NoDoji:

Sorry, I assumed that since you follow me so closely, you've been following me closely for a while and would know by now that when trading with the trend I don't initiate a position during a pullback until price turns and breaks a previous bar's high/low back in the direction of the trend after coming close to, or testing, a key S/R level (trend line, previous S/R, or 20EMA).

Some trend followers will average down during pullbacks. If I traded that way, then entering a short on the day I posted the target levels would be OK if willing to take heat all the way back to the 20EMA, maybe even a bit further.
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I only follow you when we share a thread. Sorry, I can't let it go when someone states something as off the wall as your alkalinity argument. All I know of your method is that you trade CL and stated in a thread that you earn 9-10x annual in CL. My guess is that you're pot-committed to the Brooks' Hale Bopp method of trading and divinity and now have to BS your way through.

I suppose that it's a extremely remote possibility that I am wrong. Would be the first time, however.
 
Quote from atticus:

All I know of your method is that you trade CL and stated in a thread that you earn 9-10x annual in CL.
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I don't even know what "9-10x annual" means.

I did once make a point that an experienced CL price action trader can easily average 40 ticks a day ($400/contract less comm/slip), and since one need only have a $10K account to trade one contract, that someone with a $10K account could generate close to a $100K annually. If that's what you mean, then yes I said that, and I stand by that.

Would you like me to share the magic secret holy grail with you, or do you prefer that I compete in the combine first and prove myself before you give me permission to do that?
 
Quote from NoDoji:

I don't even know what "9-10x annual" means.

I did once make a point that an experienced CL price action trader can easily average 40 ticks a day ($400/contract less comm/slip), and since one need only have a $10K account to trade one contract, that someone with a $10K account could generate close to a $100K annually. If that's what you mean, then yes I said that, and I stand by that.

Would you like me to share the magic secret holy grail with you, or do you prefer that I compete in the combine first and prove myself before you give me permission to do that?
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Do whatever you like. I am here for the entertainment. I sincerely doubt you are year-end profitable, let alone this 10-100k nonsense. You can keep the Grail, but thanks for the generous offer. You've already begged-off on the Combine, so I don't quite get the tease.
 
Quote from NoDoji:

I don't even know what "9-10x annual" means.

I did once make a point that an experienced CL price action trader can easily average 40 ticks a day ($400/contract less comm/slip), and since one need only have a $10K account to trade one contract, that someone with a $10K account could generate close to a $100K annually. If that's what you mean, then yes I said that, and I stand by that.

Would you like me to share the magic secret holy grail with you, or do you prefer that I compete in the combine first and prove myself before you give me permission to do that?
More...


prove these guys wrong..post a few trader p/l and really show these guys.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=233960
 
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