The Surf Report--part 2

Quote from Gabfly1:

Then why would you derive comfort about future prospects from a rearview glance? For someone who does not believe in TA, you certainly place more stock into it than I do.

As an aside, I note that your life is filled with drama, as you only seem to see, and operate in, extremes of one kind or another.
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Huh? I don't find comfort in the transition of charts. I am using them to illustrate the historic position of the SP 500. Charts had nothing to do with the trade entry.

I realize that you are likely fully vested on the long side via mutual funds and other tightly regulated long only instruments. These proclamations strike fear into your soul, if longs can hang on, they will be amply rewarded. Do not despair my friend
Surf:D :D
 
Quote from marketsurfer:

...I realize that you are likely fully vested on the long side via mutual funds and other tightly regulated long only instruments...
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Nice try. I don't trust anyone (else) with my money, especially when I consider the possibility that some of these "money managers" might be anything like you. Even remotely. You cannot seem to even recognize the internal inconsistency of your own attempt at logic.

Now that you are likely in net positive territory in this second chapter of your journal, will you commit to disclosing a running balance? There is no issue of confidentiality, since you have already disclosed the timing and size of your trades. It is only a matter of bookkeeping. So can you handle it? Will you do it? Yes or no?
 
Nobody gets rich with 1 trade unless extremely lucky. To get rich you need a sequence of trades, sometimes a very long sequence, and to compound your results. It's the compounding that makes you rich, not the "great unwinding" or the "super bull".

It gives me great pain to read so much concentrated BS and stupid beliefs/ approaches...

There is a lot of raw talent for all to see here in ET, I've got to think that somewhere in those brains this idea I just spelt rings true.

Off I go...into the oblivion...
 
Quote from Gabfly1:

already disclosed the timing and size of your trades. It is only a matter of bookkeeping.
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As you say, the entries and exits are published. Perhaps someone good with details -- an accountant or librarian -- could add value to the thread by counting the beans.
 
Quote from marketsurfer:

Surfers, there exists the distinct potential that this is the start of the great unwinding. Do not despair as the super bull will result after the selling is complete. A glance at the charts to gain historic perspective indicates that the SP 500 rests on the 50 day MA. The 200 day MA is all the way down at 1204 and minor support is in 1249 range. Remember, charts are illustrative not predictive and my use is simply for historic perspective.

Anything can happen but I have an inkling that this may be the birth pains of the coming great unwinding . Staying short.

Best,

Surf
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1400 before 1249




Trail that stop


:)
 
Quote from Rodney King:

As you say, the entries and exits are published. Perhaps someone good with details -- an accountant or librarian -- could add value to the thread by counting the beans.
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So what is the point of a journal, if not to provide context to one's trading? And how better to provide that context than to keep a running balance of the results of trading activity? What, exactly, is a journal without such inclusion?

As for the bean counting remark, if marketsurfer's trades are indeed live trades, wouldn't his monthly account statement show both his monthly and his year-to-date performance? Is it that difficult to periodically transcribe such a number from his monthly statement to his "journal?" They are live trades, after all, right? And he is disclosing his trade timing and size anyway, right? So then what's the big deal?
 
Quote from Gabfly1:

So what is the point of a journal, if not to provide context to one's trading? And how better to provide that context than to keep a running balance of the results of trading activity? What, exactly, is a journal without such inclusion?

As for the bean counting remark, if marketsurfer's trades are indeed live trades, wouldn't his monthly account statement show both his monthly and his year-to-date performance? Is it that difficult to periodically transcribe such a number from his monthly statement to his "journal?" They are live trades, after all, right? And he is disclosing his trade timing and size anyway, right? So then what's the big deal?
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Simple math will be able to tell you the result of each trade posted. Unless you have nefarious alternative motives regarding performance or account size-- I don't get the purpose of your request as performance is easily ascertained by simple math.

I don't sell market calls or directly traded money mgt services. When I do deal with opm it's placed with traders ( whom I access) with far greater edges, ability, infrastructure and pedigree than myself.
 
Gabfly1- I have many faces to the insanity my friend!

Surf- Shorts looking stronger. Jobs report was a bitch slap to the "Recovery" people.

FYI. When I was at my meeting in the Canary Islands, 90% of the Private Equity players there were looking to a Recession in the US by end of this quarter. To be followed by the EU.

Half were split on a deeper recession than 08.

All of our Shipping Lines that we raised money for, keep pointing to the Baltic Dry Index. In other words, Goods are not flowing around the world for the most part. There are spots, Brazil, China, Indonesia, Vietnam where Imports/Exports are more active.

Add Japan into the equation and it looks like the Baltic Dry Index could break historic lows.

In other words.....world recession part 2 is upon us as I write.


Of course this is more of a Global Perspective and longer term outlook. That is the name of the game I play. And do your homework of course, as I am only one man and one opinion.

Trade well my friend!

:cool:
 
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