The Surf Report--part 2

[marketsurfer]

Quote from OldTrader:

Speaking of "forthcoming", did you post a trade anywhere?

OldTrader

Good point, OT. These guys come onto the surf report all high and mighty when they get lucky or are blinded by hindsight bias.

As I said many times previously, the market has the greatest attraction for those least suited for it.

The trade wasn't posted anywhere before the fact--- it just was bragged about on the surf report. ridiculous!

surf

 

[OldTrader]

Quote from Spooz Top:

making a call & trading real capital are two completely different actions.....you may want to read my past post calls & daily P&L for close to 2 yrs....i`ve earned the right to speak my mind as i`ve walked the walk.....have you?

My post was in response to an assuming,presumptuos,contradictary statement from the wizard of oz...........no need to kiss rectum,Old Trader....you are one of the few that don`t seem to see thru the transparent curtain & decipher babble in that the wizard is not big,bold & courageous.......but quite the contrary.

It's pretty clear that all you did was talk about a "successful" trade that you allegedly made, without posting it anywhere. If you're gonna talk about your latest great trade, post it somewhere or show your statement. Without that....you're just another guy talking as far as I'm concerned.

Have I earned the right to say that? Since when do you have to "earn" the right to point out a fact? That said, I've been trading the index futures since the beginning, both on and off the floor. I've been trading for 40+ years. What does that give me?

As far as surf is concerned, I don't have a clue if his trades are real. But I know he posted his trades in real time...that alone is not the easiest thing in the world. When I see your trade, I'm be suitably impressed.

OldTrader

 

[marketsurfer]

Riding a monster move downward-- this is turning into the biggest trade of my career-- we nailed the top and are holding as things unravel.

just wait untill funds start panicking, we will see acceleration of the downside like never before as funds stuggle to unwind prior to massive redemptions--- its going to be UGLY.

surf

 

[EPrado]

Quote from Spooz Top:

making a call & trading real capital are two completely different actions.....you may want to read my past post calls & daily P&L for close to 2 yrs....i`ve earned the right to speak my mind as i`ve walked the walk.....have you?

My post was in response to an assuming,presumptuos,contradictary statement from the wizard of oz...........no need to kiss rectum,Old Trader....you are one of the few that don`t seem to see thru the transparent curtain & decipher babble in that the wizard is not big,bold & courageous.......but quite the contrary.

"making a call & trading real capital are two completely different actions."


Finally.....a voice of reason on here.


Surf knows me outside of here and at this point I hope would trust me. He can put an end to all of the debating on here by emailing me a copy of a statement with all the personal stuff whited out, showing these trades. Will get him a TON of credibility.

If he really did this trade then my hat goes off to him as it would have been a hell of a trade. I'll be the first to congratulate the guy.

Otherwise making calls without anything at risk, in my humble opinion, is really not worth a thing. Anyone who trades real money knows the HUGE difference when there is real money on the line. Some seem to think that it takes stones to post mkt calls. If they are backed by real money, yes.....but if not.....nothing at risk....how can that be considered tough?

 

[EPrado]

Quote from marketsurfer:

<b>Quote from Rodney King:

He posts the day after. 100% winners. </b>

Yeah, just like the other TA gurus on this thread/site. They just don't understand what a before the fact trade call is--- hindsight is 20/20. the chest beating is ridiculous and absurd .

I am still waiting for the king of all fixed system TA 'rs to submit his program for testing.....

surf

"the chest beating is ridiculous and absurd "

Oh really.......

 

[Rodney King]

Quote from EPrado:

Surf knows me outside of here and at this point I hope would trust me. He can put an end to all of the debating on here by emailing me a copy of a statement

And of course you trust him also, and would reciprocate with <i>your</i> financial statements, right?

 

[EPrado]

Quote from Rodney King:

And of course you trust him also, and would reciprocate with <i>your</i> financial statements, right?

You don't seem to understand...shocking. I am not the one talking about nailing a big trade with real money. If I was and Surf wanted to get my run from the firm I am with, then I would have zero problem whiting out my name and account number and sending it to Surf. But I am not the one who is being questioned. I trust him. What the hell is he gonna do with a statement of my trades with all the personal info whited out?

All it shows is the trades I have done.

Honestly..if he really nailed this trade, he should be itching to send me the statement. Because he knows I will come on here and tell everyone what a great trade he nailed...with REAL MONEY.

 

[OldTrader]

Quote from EPrado:


Otherwise making calls without anything at risk, in my humble opinion, is really not worth a thing. Anyone who trades real money knows the HUGE difference when there is real money on the line. Some seem to think that it takes stones to post mkt calls. If they are backed by real money, yes.....but if not.....nothing at risk....how can that be considered tough?

Very true, there's a huge difference between a trade with real money on the line, versus posting a market call with no money. And, there is no way to know (by me at least) whether surf actually has the money up.

But at the same time, posting a real time trade does take something. Obviously, if you're wrong, you're subject to ridicule, etc. So, there is in fact something at risk, even to simply post a call. And people are posting calls in other threads as well, as you know.

But, if you think it is not tough, post a call. Let's see how you do. Until then, surf DID post a call, and so far, has been absolutely correct, with all you guys nipping at his heels, all the way down, while not having even taken the risk to post any type of call.

Frankly, I think it's been one helluva call on surfs part.

OldTrader

 

[Spooz Top]

Quote from OldTrader:

Very true, there's a huge difference between a trade with real money on the line, versus posting a market call with no money. And, there is no way to know (by me at least) whether surf actually has the money up.

But at the same time, posting a real time trade does take something. Obviously, if you're wrong, you're subject to ridicule, etc. So, there is in fact something at risk, even to simply post a call. And people are posting calls in other threads as well, as you know.

But, if you think it is not tough, post a call. Let's see how you do. Until then, surf DID post a call, and so far, has been absolutely correct, with all you guys nipping at his heels, all the way down, while not having even taken the risk to post any type of call.

Frankly, I think it's been one helluva call on surfs part.

OldTrader

You missed the entire point...i would expect a deeper level of understanding from a 40 yr veteran.

I wish i had more time to devote to this but i don`t....let me leave it at this.....if my 30-37 buy zone was after the fact & open to scrutiny....then so is surf wth his random order size that has no apparent pattern of consistency.....calls are great,just meaningless with nothing behind them.

proof is in the pudding,

surf throw out you real-time blotter/P&L with size/times included & i`ll throw out my blotter/P&Lwith the same?

 

[EPrado]

Quote from OldTrader:

Very true, there's a huge difference between a trade with real money on the line, versus posting a market call with no money. And, there is no way to know (by me at least) whether surf actually has the money up.

But at the same time, posting a real time trade does take something. Obviously, if you're wrong, you're subject to ridicule, etc. So, there is in fact something at risk, even to simply post a call. And people are posting calls in other threads as well, as you know.

But, if you think it is not tough, post a call. Let's see how you do. Until then, surf DID post a call, and so far, has been absolutely correct, with all you guys nipping at his heels, all the way down, while not having even taken the risk to post any type of call.

Frankly, I think it's been one helluva call on surfs part.

OldTrader

Personally I don't care about being ridiculed on here or any other site if I am wrong. I'm a trader..I am wrong at times. I have been very wrong at times. If you can't deal with being wrong then ya shouldn't be a trader. So when I am wrong if someone wants to say "great call moron"...that's fine. I won't lose sleep. That's why my stance on making "calls" is what it is. What's at risk......me being trashed by others? No biggie.

As far as me posting calls.....when I am trading I don't have the time to come on here. Plus there is money at risk, I am not going to jeopardize that by taking my eye off the mkt to post here.

I guess I could post trades after the fact....but win or lose, what does that accomplish? I have been trading for 18 yrs....not as long as you...but I have never traded for recognition from others...I have worked with others who go around tooting their own horn...I am sure as a floor guy with a ton of experience you have too (and probably wanted to punt them out of the pit). Most of the loudmouths eventually flame out and exit trading.

As far as the call....yes , it's a great CALL......but to me a call and $4.00 will get you an ice cold pitcher of Old Milwaukee at Cactus. It's like Cramer on CNBC.....the guy makes 20 calls a day....but it's worthless unless he backs it up. What's he risking? His reputation? Anyone in the trading world knows how he made his money and what a joke he is.