Surf's Special Situation Journal

cdcaveman · Feb 6, 2013

Yea I met a kid that inherited 189 mil when he turned 19...

cornix · Feb 7, 2013

Quote from marketsurfer:

Price Driver followers try to avoid paying heavy commissions. You know commissions are the #1 destroyer of day traders. As you progress in your knowledge, you'll learn not to brag about making multiple trades. Keep reading the surf report, we are accepting of all knowledge levels here, as we were all noobs once. surf.

It's a dance of balance so to say. If making more trades yields fatter bottom line despite higher commissions, then more trades make sense.

hard kore · Feb 7, 2013

Quote from marketsurfer:

some serious coin here in W Palm Beach.

...........................................

the Italians do make the best stink boats.

marketsurfer · Feb 7, 2013

Quote from cdcaveman:

Yea I met a kid that inherited 189 mil when he turned 19...

Whoa, hats off to him if he survived his 20's.

surf

Option_Attack · Feb 7, 2013

Quote from jack hershey:

He has already proved the opposite to my satisfaction.... LOL.....

Shortest JH post in the history of ET?

marketsurfer · Feb 7, 2013

Price Drivers pushing negative. Shorting 2 YM at 13929

surf

marketsurfer · Feb 7, 2013

Quote from marketsurfer:

Price Drivers pushing negative. Shorting 2 YM at 13929

surf

Surfers,

The Price Drivers have shifted to neutral. We are taking profits at 13825-- booking another 104 YM points. best, surf

R. Raskolnikov · Feb 7, 2013

No doubt about it. Noobs should work on less trades rather than more until their skills improve with experience.

Great morning so far, easiest first 1 1/2 hrs we've had in a few weeks at least IMO

Quote from cornix:

It's a dance of balance so to say. If making more trades yields fatter bottom line despite higher commissions, then more trades make sense.

cornix · Feb 7, 2013

Quote from R. Raskolnikov:

No doubt about it. Noobs should work on less trades rather than more until their skills improve with experience.

Great morning so far, easiest first 1 1/2 hrs we've had in a few weeks at least IMO

I also forgot to add one more thing regarding higher vs. lower frequency trading before: leverage. Day trader can use it much more aggressively as smaller stops allow that without going insane with the risk per trade.

Agree, great morning (evening for me, but doesn't matter

), enjoyed NQ dump. Love those trendy days.

R. Raskolnikov · Feb 7, 2013

Ha, yes it's night time for some of us. Regardless, glad you caught the dump. Really nice setups today so far. Wish all days were at least this active.

Quote from cornix:

I also forgot to add one more thing regarding higher vs. lower frequency trading before: leverage. Day trader can use it much more aggressively as smaller stops allow that without going insane with the risk per trade.

Agree, great morning (evening for me, but doesn't matter ), enjoyed NQ dump. Love those trendy days.