The Surf Report--part 2

[EPrado]

Quote from marketsurfer:

I really don't understand why an anonymous alias without one shred of evidence that any thing uttered has any reality, continues to post unsubstantiated comments.

Regardless, the above quote is completely ignorant of the history of trading. Many of the greats in the field have gone on tilt at times. Some blowing out giant accounts during this time. I see you consider yourself, as an anonymous alias, better than the masters who have blown out. Absolutely the height of arrogance and fear of being found out. It's quite obvious.

Show evidence of your suggestions and claims or stop wasting our time on the surf report

Surf

I think one needs to define "tilt" a bit better. From what you posted, it wasn't a major tilt at all. You are taking a hit, but it doesn't seem like you are gonna blow your account out. So you are getting clipped (maybe a bit too much in your eyes), big deal. If you are "on tilt" hopefully you'll get out. Take the hit, hopefully learn, and move forwards.

I think what that Hoffman guy did (on other thread.....was trading 1 lots of russell futures...averaged down like a madman to 850 lots...lost 330k or so), is really TILT. That kind of tilt is ridiculous.


But Surf....lets be real. Bragging about "great traders" going on tilt is a bit much. I'm sure the ones who did go on tilt wouldn't speak highly of those times. ESPECIALLY the ones who blew out their whole account. That is nothing to brag about.

I think the problem is, and I have said this to you for a while, your bravado is a bit much to many. Even today when the position was getting away from you, the claims of "I expect to be at least break even by the close"..well...while that's what you hoped for, most likely wasn't gonna happen. Believing that can turn losing trades into disasters.

Personally, the trades I take that don't go my way within a reasonable time are not the ones I am "psyched about". The ones that go against me like the one you have, well, at that point I am looking to minimize losses and move on. At that point a scratch is a home run, hell....if you could turn a 12 handle loser into a 4 handle loser that's pretty good at that point. Over my trading career the trades that I have cleaned up on are the ones that right from the starting gate are going my way.

 

[EPrado]

Quote from Fireplace:

LOL, yeah I have no idea what the heck Surf is so mad about. He was the one saying he went on tilt, and now he's comparing himself to many of the 'greats'?

Surf, take your signals when they come and chill out (aka sit on hands) when they don't. Don't force trades, you've been doing this long enough to know at least that, hobby trader or not.

Taking signals as they come and not forcing trades is the name of the game amigo. It took me a long time to realize that. It's not the most exciting way to trade, but those who trade for the excitement/gamblers/action junkies....never make it. Is probably one of the top reasons that so many fail at trading.

Take whatever signals your strategy says, size up over time, and make your money.

To me, if you catch 4-6 really good days a month, and stay outta trouble the rest, you'll be fine.

 

[fly down]

Quote from EPrado:

Taking signals as they come and not forcing trades is the name of the game amigo. It took me a long time to realize that.

To me, if you catch 4-6 really good days a month, and stay outta trouble the rest, you'll be fine.

Exactly, well said. At this point, smurf just continues to contradict himself at every turn. It's plainly obvious he's out to contradict, irritate, aggravate in the hope of getting his prized "views". He says stuff like this:

Quote from marketsurfer:

I play this game for big wins-- nothing else.

Churning day in and day out is a waste of time.

and then turns around and churns a bunch of trades yesterday and today. It's as if he's begging for attention any way he can get it. That's totally contrary to the psychology of a real trader who is "semi famous in the business".

Smurf has no credibility at all based on all his contradictory statements. I'd be shocked if he has ever had any success as a trader from what i've seen here.

 

[logic_man]

Quote from EPrado:



I think the problem is, and I have said this to you for a while, your bravado is a bit much to many.

"Often wrong, never in doubt"

 

[EPrado]

Quote from fly down:

Exactly, well said. At this point, smurf just continues to contradict himself at every turn. It's plainly obvious he's out to contradict, irritate, aggravate in the hope of getting his prized "views". He says stuff like this:

and then turns around and churns a bunch of trades yesterday and today. It's as if he's begging for attention any way he can get it. That's totally contrary to the psychology of a real trader who is "semi famous in the business".

Smurf has no credibility at all based on all his contradictory statements. I'd be shocked if he has ever had any success as a trader from what i've seen here.

Surf likes to stir shit up, be in the spotlight. If his goal is to get people to post on here he's doing a great job. Not sure how that benefits him in the long run.

And you are right...Surf sure does contradict himself a lot.

As far as being semi-famous...on ET....sure.

 

[Fireplace]

Yup, it's not always sexy but it gets the job done

Quote from EPrado:

Taking signals as they come and not forcing trades is the name of the game amigo. It took me a long time to realize that. It's not the most exciting way to trade, but those who trade for the excitement/gamblers/action junkies....never make it.

 

[EPrado]

Quote from Fireplace:

Yup, it's not always sexy but it gets the job done

Believe it or not, a lot of traders I have run across over the years feel that this approach is way too boring for them. Call me crazy, but I am not in the trading biz for the action (for that I go to the racetrack or the casino). While sitting in front of screens some days and not doing one trade is rather boring, to me, it must be done.

It's like if you sit at a blackjack table, and had the choice of bypassing the hands every time the dealer gave you a 15 or 16, but could play the hands every time you got a 20 and the dealer had a 6 showing, and put up much more money on those hands, what would you do?

That's kind of the way I look at trading. I feel that I have an excellent strategy that doesn't set up every day, but when it does I get very aggressive. I also have the benefit of not having to trade everyday or putting on those trades which are questionable.

 

[denner]

Quote from fly down:

Exactly, well said. At this point, smurf just continues to contradict himself at every turn. It's plainly obvious he's out to contradict, irritate, aggravate in the hope of getting his prized "views". He says stuff like this:

and then turns around and churns a bunch of trades yesterday and today. It's as if he's begging for attention any way he can get it. That's totally contrary to the psychology of a real trader who is "semi famous in the business".

Smurf has no credibility at all based on all his contradictory statements. I'd be shocked if he has ever had any success as a trader from what i've seen here.

It was painfully obvious years ago that all he was after was attention and his prized "views". When he was banned from this site, it appears that he created dozens upon dozens of aliases just to get his daily fix of attention.

 

[Pekelo]

Quote from denner:

on his random wins and losses

This is the biggest criticism of this vanity journal. There is no consistency in the results of the trades.
Right now he is giving back the wins from the previous trade, and after almost 5 months of trades, I estimate the P/L around 10-15 pts in the green. That is still profitable, but gives less than 1 pt per week and no huge move captured, while the market has been in a 100+ pts range....

 

[marketsurfer]

Quote from Pekelo:

This is the biggest criticism of this vanity journal. There is no consistency in the results of the trades.
Right now he is giving back the wins from the previous trade, and after almost 5 months of trades, I estimate the P/L around 10-15 pts in the green. That is still profitable, but gives less than 1 pt per week and no huge move captured, while the market has been in a 100+ pts range....

Uncannily accurate, mr Pekelo. The book keepers award of the year is on it's way


This trade is not over yet, and the year isn't even 50% down--- let's have some paitence and see how the year plays out before trashing my method.

Surf