Yes, I don't trade for a living. I am a small time hedge fund hack foraging on the scraps ignored by the whales and a journalist--- trading and market analysis is just part of the surfermarketbook. best, surf
The Surf Report--part 2
- Thread starter marketsurfer
- Start date
Yes, I don't trade for a living. I am a small time hedge fund hack foraging on the scraps ignored by the whales and a journalist--- trading and market analysis is just part of the surfermarketbook. best, surf
Correct--- speaking about this trade only. We will know in the fullness of time--- however, RCG is speaking historically and is correct--- RCG has followed my calls for quite a long time.
best,
surf
The flexions of the market are acting to attract the maximum number of bulls prior to smacking them down to obtain the needed monetary lubrication to keep the machinery running smoothly. Once the the final bull has been drawn in by the choppy topping action, the flexions will simply take all the money from those not nimble enough to exit resulting in the projected downward spiral. Smart paitence is a virtue during these times. stay tuned.
Surf, The biggest problem for any trader is when the desire to be right is greater than the desire to profit. All one has to do is read your posts to see that you very clearly suffer from this affliction. Any professional trader (those that earn their living from trading) will tell you this.
I trade as my sole source of income and I have no idea what the market is going to do. The market doesn't give a rat's ass about my opinions.
All very true. And well stated. However, you are overlooking the genius that is marketsurfer. Consider a couple of his recent posts:
So you see, he is expecting the market to go both down and up. Whatever may happen, his premonition will be correct. His timing may prove to be "slightly off," but he remains ET's resident visionary all the same. And that is all that matters.Quote from marketsurfer:
a mere classic dead cat bounce------another shock may create the drop to come..... Prepare folks, the shake out may be brutal---then the glorious bull market to end all bulls
If Surf is trading on a longer time horizon there might be no reason for him to assume he is wrong. He might be simply patiently sticking with a position till he is proved right or wrong. He has a plan.
Why do people love to shoot against surf? He has not done anything crazy.
That's true...but why do you care how surf trades or parts way with his money? After all his losses should be your gains, right?
It boggles my mind on how people care to comment or argue how flawed his style of trading is...but bottom line...it is his choice of how he spends or blows his money.
