Obviously the P/L on a handful of futures contracts isn't material to someone of Surf's station in life. Probably he's using the first few weeks after re-starting his journal as a small-size warmup to get back in the groove before scaling up. Not a bad plan.
The Surf Report--part 2
- Thread starter marketsurfer
- Start date
Obviously the P/L on a handful of futures contracts isn't material to someone of Surf's station in life. Probably he's using the first few weeks after re-starting his journal as a small-size warmup to get back in the groove before scaling up. Not a bad plan.
Not at all. Once he is warmed up with a few counter-trend trades, he pulls out his turtle-trader home study course and begins religiously taking 20 day breakouts. It shall rain money into surf's account!
This says what I was trying to say much much better...
+2
Quote from Wayne Gibbous:
I think he'll be okay. One thing about Surfy - He never gives up!
Good luck Surf!
It is just too easy to hit reset on the simulated account and start again.
http://patdollard.com/wp-content/uploads/sharksurfer.jpg
Isn't surf still net positive on his stated ES trades while probing for the big Kahuna waterfall? Not going to take the time to figure it out as market calls from ET are a lower priority to me than the brand of toilet paper we buy. Just asking.
Isn't surf still net positive on his stated ES trades while probing for the big Kahuna waterfall? Not going to take the time to figure it out as market calls from ET are a lower priority to me than the brand of toilet paper we buy. Just asking.
After a run of winners-- over confidence got the best of me, resulting in a horendously poorly timed, oversized trade--despite solid analysis. it's time to reevaluate the present state of the ES. Using TA as an illustrative, not predictive tool---1323 is clearly support with a triple bottom formation and 1332 is resistance creating a 9 point range. Sitting tight here, staying FLAT untill an entry is signaled.
stay tuned.
surf
stay tuned.
surf
I don't talk about exact details in public, sorry.
However, I am negative since restarting due to too much size on the last trade.
If you are stating both the size and timing of your entries and exits, then how exactly are you not providing exact details? This is a journal, is it not? And, if so, then shouldn't a journal regularly review the overall effect of your trading on your bottom line? How else do you propose to monitor and evaluate your overall trading performance over time? And if that is not the purpose of your journal thread, then what is its purpose?