The Surf Report--part 2
- Thread starter marketsurfer
- Start date
Quote from Fireplace:
Why do your 'drivers of price' give you such tough entries?
Market reality is that no can call exact entries with more than random accuracy in timing, however understanding the price drivers can provide a window of time. I didn't enter this trade correctly, it should have been in stages as exact timing is not possible consistently-- every so often one will nail it, but even with the best projection data it remains a window.
Therefore, position sizing is key to withstand the adverse move prior to profits.
Surf
Again, the use of 'no one' is very definitive. You should try to avoid this type of language when speaking of what is possible in the mkts.
The mkt generates highly accurate signals everyday, just have to find the right time frame and trade accordingly. Being able to find which frame(s) the mkt is operating on that day is, of course, key but if you can do that then your 'window of time' will shrink substantially.
Food for thought.
The mkt generates highly accurate signals everyday, just have to find the right time frame and trade accordingly. Being able to find which frame(s) the mkt is operating on that day is, of course, key but if you can do that then your 'window of time' will shrink substantially.
Food for thought.
Quote from Fireplace:
Again, the use of 'no one' is very definitive. You should try to avoid this type of language when speaking of what is possible in the mkts.
The mkt generates highly accurate signals everyday.
Food for thought.
This rhetoric is classic for system sellers, the deluded, paper traders and others who either have alternative motives or are simply brainwashed by the market mistress. One can get profitable, but it's far from ever being highly accurate. That's obvious based on the evidence
The evidence simply does not exist to back these claims up. Everything from the very poster above NEVER providing evidence of success-- even as small as a consistent journal-- to the complete dearth of "at home retail traders" ever being listed on the various wealthy or even substantial donor lists. Not to mention the obvious fact that if you had highly accurate signals everyday, why aren't these folks-- even just ONE-- known? There is a reason those who make it on a big scale go into " money management" and not trading.
Please keep the cheap salesman talk off of the surf report. Your doppelgänger still hasn't provided anything either.
Surf
Surf, let's say you look at this journal objectively, like it was someone else's.
After 5 months of trading (any style) wouldn't you expect to see some kind of CONSISTENT results? (good or bad)
Right now your position not just lost the previous win, but took most of the positive P/L for the whole previous 4 months. Bottomline is, after almost 5 months, the P/L is pretty much back to BREAKEVEN.
Longer time breakeven result is the definition of random results and random trading. You win some, you lose some, but no consistent positive expectancy. And even if you eventually manage to capture a big move, that will be more LUCK than skill on your behalf.
So shouldn't this tell you something about your strategy and trading???
Oh yeah, Simon was right. Posted here 2 days ago:
After 5 months of trading (any style) wouldn't you expect to see some kind of CONSISTENT results? (good or bad)
Right now your position not just lost the previous win, but took most of the positive P/L for the whole previous 4 months. Bottomline is, after almost 5 months, the P/L is pretty much back to BREAKEVEN.
Longer time breakeven result is the definition of random results and random trading. You win some, you lose some, but no consistent positive expectancy. And even if you eventually manage to capture a big move, that will be more LUCK than skill on your behalf.
So shouldn't this tell you something about your strategy and trading???
Oh yeah, Simon was right. Posted here 2 days ago:
Just trying to be helpful, maybe help you see the mkts from a different perspective. I've got nothing to sell, just a lowly trader
No reason to get all defensive and on the 'attack'. It will be hard for you to graduate from hobby trader to professional if you don't keep an open mind and a humble ego.
Food for thought.
No reason to get all defensive and on the 'attack'. It will be hard for you to graduate from hobby trader to professional if you don't keep an open mind and a humble ego.
Food for thought.
Quote from Fireplace:
Just trying to be helpful, maybe help you see the mkts from a different perspective. I've got nothing to sell, just a lowly trader
No reason to get all defensive and on the 'attack'. It will be hard for you to graduate from hobby trader to professional if you don't keep an open mind and a humble ego.
Food for thought.
It's funny that both you and your doppelgänger consider the questioning of claims to be attacks. The false humility and regurgitated book knowledge isn't helpful in the least while the actual motives are more than evident.
Show the evidence, your rhetoric is empty and worthlessOR
Are you afraid that you carefully crafted world of highly accurate calls will come crashing down if you demonstrate in a journal?
There is no other choice
Surf
When I set out to try my hand at trading in the late 1990's, I didn't ask or need anyone's 'evidence' that the mkt provided tradeable moves. That was very apparent from just looking at the mkt each day. Did I know anything about how to catch those moves back then.....hell no. But I dug deep into the data and tried to learn from each passing day. After a couple years, I had a very good system.
You should stop with the 'cheap salesman' remarks and try your hand at looking at things from different angles, you may surprise yourself.
Food for thought.
You should stop with the 'cheap salesman' remarks and try your hand at looking at things from different angles, you may surprise yourself.
Food for thought.