The Surf Report--part 2

This is an excellent primer on several ways the world has changed from the "one secret pattern" rhetoric and psych nonsense of the vendors. Provides a bit of insight on what we are trying to do here with the "physics of culture" once it's reflected in price it's too late as a tool.


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Quote from marketsurfer:

Pekelo seems to doing. A good job as surf report book keeper.
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Is this the time to bitch about my salary?

Anyhow, until these last 2 trades the Journal's P/L was about 15 pts in the green with a full position. The previous trade was a 13 pts winner, so that took us up to [getting the calculator] yeah, up to 28 pts profit.

This short entry was at 1312, so if my calculator doesn't lie, at 1344 the Journal's mark to market P/L has just officially dipped into red. It took 4 months and about 20 days....

Hey, why am I working at 6 pm? I need a raise!!!!
 
Quote from Pekelo:

Is this the time to bitch about my salary?

Anyhow, until these last 2 trades the Journal's P/L was about 15 pts in the green with a full position. The previous trade was a 13 pts winner, so that took us up to [getting the calculator] yeah, up to 28 pts profit.

This short entry was at 1312, so if my calculator doesn't lie, at 1344 the Journal's mark to market P/L has just officially dipped into red. It took 4 months and about 20 days....

Hey, why am I working at 6 pm? I need a raise!!!!
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Correct. But we will celebrate or mourn at the end of the year .....at the surf fest:D
 
Quote from OldTrader:

Certainly talking about YOUR approach or YOUR pschology might be helpful and beneficial. But based on what I've read, that's not what you're doing. You're basically criticizing surf and his technique. Personally I find your posts tiring and unhelpful.

I agree with Surf. If you're going to critique someone, let's see your credentials, let's see a real time trade, let's see something that qualifies you. Until then, you're just another loser on this site critiquing the guy who takes a measure of risk by posting real time trades (whether they're successful or not).

OldTrader
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Tend to agree with you here.

I don't think this journal is terrible because of the losing trades it contains, I think it's terrible because the journalist does not seem to know how to lose.
 
Quote from marketsurfer:


A quick glance at the 15 min chart shows a platuing potential topping some technicians would say. One of my closest friends, a diehard TA guy says daily high iN at 1343.50.
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Maybe he meant RTH high?

You said earlier that you are only looking for "home runs". When I'm looking for "home runs" I look at the Weekly set-up, not some 15-minute job. I don't even look for "home runs", I look to catch 6-7 points out of every 15-20 point move and I don't look at anything less than on an Hourly basis.

You may have a lot of experience in the money management industry, but you sound like the guy who is perpetually re-living his first year of trading year after year. That's not good.
 
Quote from logic_man:

Maybe he meant RTH high?

You said earlier that you are only looking for "home runs". When I'm looking for "home runs" I look at the Weekly set-up, not some 15-minute job. I don't even look for "home runs", I look to catch 6-7 points out of every 15-20 point move and I don't look at anything less than on an Hourly basis.

You may have a lot of experience in the money management industry, but you sound like the guy who is perpetually re-living his first year of trading year after year. That's not good.
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What's an RTH?
 
Quote from marketsurfer:

I have never heard this acronym. Regular table hours for the restaurant?
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Yeah. Only the CME-CBOT and others use it in their website and since the afterhours market was installed decades ago.
 
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