The Surf Report--part 2

uptik2000 · Apr 1, 2011

Quote from Jackie Treehorn:

The call wasn't that bad except he averaged down and picked the wrong entry.....

Thanks for the laugh.

1prometheus · Apr 1, 2011

Guyz he had a losing trade. Big F'ing deal?? Just part of the game, folks.

Rodney King · Apr 1, 2011

Quote from 1prometheus:

Guyz he had a losing trade. Big F'ing deal?? Just part of the game, folks.

The people flaming him have 100% winners, though -- didn't you know?

Neenisti · Apr 1, 2011

Quote from 1prometheus:

Guyz he had a losing trade. Big F'ing deal?? Just part of the game, folks.

Everybody has winners and losers . . .
and King never flames.
This is a truly educational thread.
Marketsurfer will return to trade again, as soon as the old ego heals. Since he started this thread he is still net positive, I think.

Jackie Treehorn · Apr 1, 2011

Quote from uptik2000:

Thanks for the laugh.

I knew he was going to get mowed down, but if he put 1 or 2 contracts in at 1330... the resistance from a couple of weeks ago, it would be justifiable...

He would have got 7 points and been done with it, knowing most wont go into the weekend that long (unless there fucking assholes)..

If you were looking for a small short profit that would have been the entry point...

Not at 1322 with 6 contracts going into a jobs number...

EPrado · Apr 1, 2011

Quote from Rodney King:

The people flaming him have 100% winners, though -- didn't you know?

Not at all. But if you look at his strategy it's beyond flawed. Continually adding to losers as they go against him is a blow up strategy. One where his biggest positions are well against him, and his smaller positions are in the money. Recipe to go broke trading.

Hell..he seems like a nice guy...hopefully these"trades" are fantasy ones. No reason to root against him. But I can see where he rubs people the wrong way with his bold proclamations and his ripping others strategies....kind of hilarious because the strategies he rips are the profitable ones.

He has had some good calls in the past. One in particular..CROCS. But again..he kept shorting into an uptrend, got taken out ....then the stock plummeted. Sound familiar ?

Surf needs to learn...THE TREND IS YOUR FRIEND.

jlancaster · Apr 1, 2011

Looks like you have a pretty good following. I look forward to reading your posts.

Mike Okistini · Apr 1, 2011

Quote from 1prometheus:

Guyz he had a losing trade. Big F'ing deal?? Just part of the game, folks.

Well you post on the boards like a frickin connected know it all who lectures to others ad nauseum then it proves what we all think about him.

Gabfly1 · Apr 1, 2011

Quote from Rodney King:

The people flaming him have 100% winners, though -- didn't you know?

No, just smaller losses. And possibly fewer of them.

So what are the choices, Rodney? Unless we're engaging in adulation we're necessarily flaming? How very dichotomous of you. If you do not wish for surf's trades to be critically evaluated, then maybe he shouldn't be posting them. Perhaps you two should have a discussion in this regard.

1prometheus · Apr 1, 2011

Quote from EPrado:

Not at all. But if you look at his strategy it's beyond flawed. Continually adding to losers as they go against him is a blow up strategy.

Surf needs to learn...THE TREND IS YOUR FRIEND.

Did surf ever tell us what is margin to equity was? What fraction of his wealth is at risk in this trade? Not at all. We have know way to know if a few emini's would put him at risk of "blowing up".

Also, so far as I can see he did not continually add to a loser. He reached a max position size, then at some point decided to exit with a loss.