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The Surf Report--part 2
- Thread starter marketsurfer
- Start date
Long contract 2 @ 1323.25 ES
Entering 3rd and final ES contract at 1311.50.
Holding QM short, one contract.
Break even is 1320.25-- taking heat but
remaining confident.
surf
Holding QM short, one contract.
Break even is 1320.25-- taking heat but
remaining confident.
surf
Since you place little emphasis on timing, would it not make more sense to add to winners? Would not adding to losers, especially so far away from your initial entry, be akin to driving faster in the wrong direction? For someone who freely admits to not being much of a timer, you are certainly throwing yourself into the wind with wild abandon.Quote from marketsurfer:
Sure, I position size relative to account size in an effort to withstand substantial heat. The position size is based upon averaging 3 times since, as you know, exact timing is impossible.
He's quick to point out to everyone else what doesn't work, and in no uncertain terms. By asking questions and seeking clarification, I'm trying to tap into that giant pulsating brain for answers to life's mysteries. Is a journal designed only for purposes of worship? Were you kneeling when you typed your post?Quote from Rodney King:
He trades the way he trades. If you have a better approach, start your own journal already, rather than flaming him 10 times a day...
Quote from Gabfly1:
Since you place little emphasis on timing, would it not make more sense to add to winners? Would not adding to losers, especially so far away from your initial entry, be akin to driving faster in the wrong direction? For someone who freely admits to not being much of a timer, you are certainly throwing yourself into the wind with wild abandon.
No, that doesn't make sense to me. anything can and does happen in the market--all we can do as "noise traders" is see reality, position size properly and have paitence.