The Surf Report--part 2

Surfy Surfy Surfy you had the world on a string... Against all odds (you are a terrible trader) you nailed a beaut short entry. Then you let it all get away. :(


Hubris:

Hubris ( /ˈhju¢°brɪs/), also hybris, means extreme haughtiness, pride or arrogance. Hubris often indicates a loss of contact with reality and an overestimation of one's own competence or capabilities....


Keep at it. Don't give up! Learn.

We all warned that the "going on tilt" thing would bust you out. We just didn't think it would be this fast...
 
Quote from Wittgenstein:

Where is Surf - now?
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Maybe he went full tilt long at 1100 no stop, with 100 lots and has made back his 100K losses from yesterday + 150K on top :D

He now out partying :cool:
 
Quote from bwolinsky:

Higher low cover at 2089.50.
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So do you short when the ppf's start to print knowing those will move as the market moves against that position? And do you use stops or just hang on knowing eventually that label will be correct?
 
Quote from icarus618:

6% move in 90 minutes. I feel for you, Surfy, if you couldn't participate. I know you saw this coming.
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surf has always been too early remind me of the Crocs trade.
 
Quote from nkhoi:

surf has always been too early remind me of the Crocs trade.
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I didn't follow his infamous Crocs short.

However, I do notice that he enters early, exits late, and never reverses. The profile is consistent with his obvious desire to be "right" in his market calls and look like a jeenyus.

Entering late and exiting early is the better approach. But this forgoes nailing the turning points and purposefully leaves money on the table, which is not exciting or likely to impress anyone except dullards who are interested in growing their accounts.
 
Quote from nkhoi:

surf has always been too early remind me of the Crocs trade.
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Early = Wrong

....when one trades short term,with real capital & significant size....no sugar coating here!
 
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