The Surf Report--part 2

market will go down a bit due to uncertainty in the next couple of days, some deal will be announced and debt ceiling raised, market will rally, marketsurfer will get stoped out, right after that rating agencies will say the new plans are not good enough and downgrade US, market will drop huge...
 
Quote from marketsurfer:
I have decided to step outside of the traditional risk parameters here. In other words, I am going ALL IN on the short. add

Adding 24 ES sept contracts SHORT at 1332.75-- creating a total short position of 30 ES contracts 6@1312 and 24@1332.75.

Convinced beyond a shadow of a doubt there will a meltdown---hence the large position. Do or die commitment.

Either victory, or I'll be gone from futures trading.

There is not going to be a rally regardless of what happens.

there is a margin stop in place, otherwise nothing from me.

A meltdown is 100% guaranteed to happen--- no question about it.

sMurf
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This is some of the most amateurish death wish bravado I've seen on ET in awhile. And while occasionally the perpetrator does get lucky in most cases they disappear into obscurity. Or come back as a new alias and start all over.
 
Quote from antaram:

market will go down a bit due to uncertainty in the next couple of days, some deal will be announced and debt ceiling raised, market will rally, marketsurfer will get stoped out, right after that rating agencies will say the new plans are not good enough and downgrade US, market will drop huge...
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It's possible that I get caught in some kind of a gap higher and am unable to bail--- however, I believe this is highly unlikely as the market has already traded higher than economic reality dictates. If it happens and I can't get out, I am ready to throw in the towel as my analysis had been proven wrong.

I have considered all possibilities and am prepared to take a huge hit if I am wrong.

However, based on everything I know, heard and developed--- the highs are in and we will not see my margin point again for a long time.

Surf
 
The FORCE is with you in this trade. I suggest you retire from trading after it. Make sure you cover on or before August 2. Good luck Major Tom.
 
Quote from marketsurfer:

I can absorb up to 1337.75 in the account, no further. That's simply not going to happen, so I am not worried about it.
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that's only ~10 pts away. i did not get the impression that your methods routinely produce the perfect entry points. with VIX>20, you can easily get knocked out of your trade.

were you as reckless before you got married?
 
Quote from marketsurfer:

I act instead of waiting.
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So why didn't you add more contracts when we were making the double top? You would be in nice profits already....
 
Quote from marketsurfer:

there is a margin stop in place, otherwise nothing from me.

A meltdown is 100% guaranteed to happen--- no question about it.


surf
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Well that is better than your "97% Sure Thing"... :D
 
NEWSFLASH: Secret Debt Deal Revealed Overnight!

Washington, AP

By W G News Feed - Speaker Boehner and President Obama were able to hammer out an agreement in secret talks...


NEWSFLASH: World Markets Rally!

NewYork, AP

By W G News Feed - US Futures Rally almost 400 points and world markets rose an average of 3.2%...



Yeah bogus stories, but much like a revolver with 100 chambers and one bullet, even if you have a pretty fair chance of winning can you afford to hold the gun to your head and pull the trigger? Like others have said, you are just plain gambling, Surfy. Even if you win this time, you are headed for destruction...


Good luck.
 
Quote from marketsurfer:

Hindsight is always 20/20---
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Hey, I didn't know you had more gunpowder. The original story was 6 cars max. and now suddenly you are adding 24 (!!!!) additional. If you knew you can go up to 30 contracts, it just made sense to keep adding, in a Rob Hoffman kind of way... :)
 
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