Surf's Special Situation Journal

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Quote from marketsurfer:

I didn't meet LC till 2004 and never read the book.
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And I read Street Smarts. Even liked it actually. It's purely about TA with exact approaches described.
 
Quote from cornix:

And I read Street Smarts. Even liked it actually. It's purely about TA with exact approaches described.
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As I said, anyone who survives in this game, evolves. We all start out as babies, following the herd like simpletons with crude tools and ideas. I was a huge proponent of TA pre 2003 believing the same old myths and old wives tales. It took 13 years for me to see the light. Educate yourself by my journey and experience or pay the price in time/money. It's entirely up to the individual.
 
Quote from marketsurfer:

As I said, anyone who survives in this game, evolves. We all start out as babies, following the herd like simpletons with crude tools and ideas. I was a huge proponent of TA pre 2003 believing the same old myths and old wives tales. It took 13 years for me to see the light. Educate yourself by my journey and experience or pay the price in time/money. It's entirely up to the individual.
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I agree 100%.

And trading OPM.......I've done it a few times.

once for a joker overseas and he was super aggressive with wondering why i'm not up 30% a month. lol. that lasted 4 months, and I didn't lose him any money. didn't make him much at all, but he thought I was retarded. lol. if it is so easy, why did you have me trade your money? I met him through a friend of mine, luckily no damage there. if I lost $1, probably problems.

nothing formal, no contract. just trust. it was fine.

don't ever trade family or friend's money.....that will end badly. but maybe try to get money from the in-laws. then they may never want to visit again.

:)
 
Quote from marketsurfer:

As I said, anyone who survives in this game, evolves. We all start out as babies, following the herd like simpletons with crude tools and ideas. I was a huge proponent of TA pre 2003 believing the same old myths and old wives tales. It took 13 years for me to see the light. Educate yourself by my journey and experience or pay the price in time/money. It's entirely up to the individual.
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But Larry Connors was profitable with his TA as well as LBR. Wouldn't you say they wrote a book about what doesn't work after all?
 
Quote from TheMagican:

Why don`t you get the licenses and trade OPM?
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I do OPM recently, no license needed to have up to 15 clients and so far not interested in more. In future - yes, likely if I find it interesting, will get license and manage more funds.

Also I demonstrate what I do in real time to quite a few people who are really constructive and willing to educate themselves.
 
Quote from BlueTurtle:

I agree 100%.

And trading OPM.......I've done it a few times.

once for a joker overseas and he was super aggressive with wondering why i'm not up 30% a month. lol. that lasted 4 months, and I didn't lose him any money. didn't make him much at all, but he thought I was retarded. lol. if it is so easy, why did you have me trade your money? I met him through a friend of mine, luckily no damage there. if I lost $1, probably problems.

nothing formal, no contract. just trust. it was fine.

don't ever trade family or friend's money.....that will end badly. but maybe try to get money from the in-laws. then they may never want to visit again.

:)
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That's why just a few friends as OPM for me so far, who understand quite well what I do and what expectations are.
 
Quote from cornix:

But Larry Connors was profitable with his TA as well as LBR. Wouldn't you say they wrote a book about what doesn't work after all?
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Sure. I was profitable overall, also. It's called survivorship bias and shouldn't change anyone's views from the result of objective testing. Like I said, we all start out as babies, and out of the large group of babies, a few will make it past that stage. Luck-- Money management combination makes this possible. not to mention a few years of cooperating and easy markets.
 
Quote from marketsurfer:

Sure. I was profitable overall, also. It's called survivorship bias and shouldn't change anyone's views from the result of objective testing. Like I said, we all start out as babies, and out of the large group of babies, a few will make it past that stage. Luck-- Money management combination makes this possible. not to mention a few years of cooperating and easy markets.
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This thesis I agree with. Markets change, we change and maybe I trade much differently in 5 years vs. how I do it now.

But if you were profitable, why didn't you make a career as a trader?
 
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