The Surf Report--part 2

attention seekers go into journalism and politics

Quote from Gabfly1:

I do not care how you trade. I only take issue with your various and sundry mischaracterizations based on half-truths and strawmen. And your pathological unwillingness to declare whether or not you are net positive despite describing your timing as "uncannily accurate." Is this a journal thread or is it not? The jury is still out. However, there is little doubt that it is a cry for uncritical attention, and general adoration and devotion. Good luck with that.



http://www.elitetrader.com/vb/showthread.php?s=&postid=3212613&highlight=accurate#post3212613
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How come you took a small position? If this is a big setup, why not take more risk? :confused:

Quote from marketsurfer:

Folks,

There may be, how should I put it, a unique event occuring over the weekend, well, between now and Tuesday----for lack of a better term or tighter time parameters.

While the magnitude of the event is uncertain, if our data is correct it will most certainly be bearish in the financial markets. Therefore, entered 10 contracts SHORT the ES @ 1264.75

be safe everyone!

trade well.


surf
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Quote from marketsurfer:

Thanks, fireplace. Every study I have seen clearly indicates that going flat overnight greatly reduces returns annually. Although, individual adverse situations can and do occur, as just did, overall closing at the EOD is far from the optimal tactic.

Although, i do understand that saying this in seminars makes the attendees feel good and makes sense to those who really don't do any testing.

surf
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Confirmed. Over ten years of my own research has proven the same. Daytrading is not the optimal way to trade. Much of it has to do with regression from the mean. Day traders make the most money try to catch big price deviations from the mean. I found that on daily charts these big trend days get signaled one or more days before the event. Get in on the daily and manage the trade in real time.
 
Quote from RCG Trader:

Confirmed. Over ten years of my own research has proven the same. Daytrading is not the optimal way to trade. Much of it has to do with regression from the mean. Day traders make the most money try to catch big price deviations from the mean. I found that on daily charts these big trend days get signaled one or more days before the event. Get in on the daily and manage the trade in real time.
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Confirmed! Daily chart trader here. Weekly chart can also show you where the daily chart may be going. For example I spy a pullback (regardless if its temporary or permanent) on the SP500 to sub 1250 on the weekly chart which could form on the daily chart as a trade.
 
I remind all that you are welcome to discuss trading methodologies etc. but please restrain your impulse to switch to personal attack mode. Seriously, I know many are bored and prefer stirring it up with a little character assassination rather than the nuts 'n bolts of strategies and financial vehicles etc. But I want the Surf Report to remain on topic and everyone to stay civil. So if you feel the need to have this be about personalities instead of trading... best that you go elsewhere. Thanks.

Quote from marketsurfer:

If you don't like the SURF REPORT don't read it.
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Quote from Magna:

I remind all that you are welcome to discuss trading methodologies etc. but please restrain your impulse to switch to personal attack mode. Seriously, I know many are bored and prefer stirring it up with a little character assassination rather than the nuts 'n bolts of strategies and financial vehicles etc. But I want the Surf Report to remain on topic and everyone to stay civil. So if you feel the need to have this be about personalities instead of trading... best that you go elsewhere. Thanks.
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That's right surf keep it coming.

Reality gold did go to Sub 700 and if you had your stop above 1025 more or less when you entered that trade you would have road it all the way down to the October 2008 low

Reality you were screaming short more than once on the ES SP500 and have been right. (only response was you were to chicken to hold it after picking up almost 20 points) You went on the sidelines and now your back in short.... That is not chicken behavior.

Reality I look forward to more of your post win or lose it keeps me on my toes. Yet I walk with such calm.
 
Yep Surf, keep it up and good luck, although I would also find it easier to read the journal if you regulary added your year to date results.
 
Ok, gotcha. Wasn't sure what kind of position sizes you normally dealt in.

Quote from marketsurfer:

I'm a small timer, this is a large position for me.

Best,

Surf
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Quote from Magna:

I remind all that you are welcome to discuss trading methodologies etc. but please restrain your impulse to switch to personal attack mode. Seriously, I know many are bored and prefer stirring it up with a little character assassination rather than the nuts 'n bolts of strategies and financial vehicles etc. But I want the Surf Report to remain on topic and everyone to stay civil. So if you feel the need to have this be about personalities instead of trading... best that you go elsewhere. Thanks.
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I would agree that this should be the standard of conduct, if it weren't for the fact that surf continues to create aliases in order to engage in questionable activity, including personal insults, himself.

ET user Dalmation is one of the most recent.

Do the mods here have any stance on this kind of activity?
 
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