The Surf Report

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Quote from annaland:

That’s one wicked post! Don’t be surprised when karma bites you in the ass. This time the thunder will hit before the lightening..
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Wicked? Really? Are you sure? So "karma" only favors the devoted sycophant and punishes the observer who pretty much calls it as it is? Am I not doing marketsurfer a favor by drawing attention to his obvious foibles? As I noted, I do not wish marketsurfer any misfortune, but if someone is to lose money should it perhaps then be the trader who trades his method with integrity? If so, then what does that say about your "karma," Anna? After all, someone has to lose money. All I wrote is that if someone is to lose money, as there must be losers in the market, then it may as well be those who lack integrity, trading or otherwise. It was a clarion call for surf to shape up.

And I will thank you not to refer to my ass, Anna. You have not even taken me to dinner yet.
 
Quote from marketsurfer:

doubling up in Crox shorts here @59.30 bringing average entry to 54.15. this is a dog with fleas.

..
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I like this plain speaking format it's easier to follow than some mysterious 'neogann' channel.
 
Quote from ghostzapper:

I know, when crox goes to $70, you'll double up.
When it goes to $80, you'll double up again.
Of course, you're never losing b/c the position is not closed.
When it goes to $100, triple up !
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Quote from marketsurfer:

doubling up in Crox shorts here @59.30 bringing average entry to 54.15. this is a dog with fleas.
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:eek:
 
Quote from Thunderdog:

Wicked? Really? Are you sure? So "karma" only favors the devoted sycophant and punishes the observer who pretty much calls it as it is? Am I not doing marketsurfer a favor by drawing attention to his obvious foibles? As I noted, I do not wish marketsurfer any misfortune, but if someone is to lose money should it perhaps then be the trader who trades his method with integrity? If so, then what does that say about your "karma," Anna? After all, someone has to lose money. All I wrote is that if someone is to lose money, as there must be losers in the market, then it may as well be those who lack integrity, trading or otherwise. It was a clarion call for surf to shape up.

And I will thank you not to refer to my ass, Anna. You have not even taken me to dinner yet.
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Wicked, indeed. Integrity has little to do with trading. Surf’s here posting his trades and what are you doing, aside from sitting on your thrown, probably more of a porcelain goddess? Show me your thread, with your live calls and let the forum judge you of your so called integrity and well-meaning. Annanymously, I too, can make claims of perfection while belittling others and then claim to have integrity and only be looking out for the well being of others.

If you prove me wrong, dinner will be on me and only for you, Thunder, you can order ANYTHING...off the dollar menu. :)
 
Quote from marketsurfer:

yeah, trading books would agree with you.

however, i have found that being flexible is critical in the markets.

regards,

surf
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Good response, cheers.
 
Surf, if you have 4 positions on, does that mean that you have allocated 25% of total capital to each one of them, or do you allocate 50% of total capital. You keep mentioning money management, but ImO, strictly, aren't gains relatively small? I mean if you always start of with small size upon initial entry, then if your win/loss ratio is high then your losses might outstrip wins as you add more size during drawdown, on the other hand if position goes into black ASAP then gains are relatively small, unless you scale in on the way up also. If your win/loss is less than 50% then what?
 
Quote from annaland:

Wicked, indeed. Integrity has little to do with trading. Surf’s here posting his trades and what are you doing, aside from sitting on your thrown, probably more of a porcelain goddess? Show me your thread, with your live calls and let the forum judge you of your so called integrity and well-meaning. Annanymously, I too, can make claims of perfection while belittling others and then claim to have integrity and only be looking out for the well being of others.

If you prove me wrong, dinner will be on me and only for you, Thunder, you can order ANYTHING...off the dollar menu. :)
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Whoa, there, missy. Let's settle this as consenting adults, shall we?

First, integrity has everything to do with trading. Look it up:

http://www.answers.com/integrity?cat=biz-fin

Obviously, the first definition has no application. However, the second and third definitions are right on the money. Contrast these definitions to marketsurfer's regularly breaking his own rules soon after entering his trades. See the difference?

Marketsurfer chooses to post his trades. Posting his trades naturally subjects his trades and his trading to scrutiny. It only follows. If he does not wish his trades or his trading to be scrutinized, then he should not post his trades. See how that works? Further, my remarks are only pointed when he is either arrogant or when he breaks his own rules, not specifically when he loses money.

You make it sound heroic to post trades. Another poster referred to "guts" being required to do so. The only thing posting trades conveys is a desire for attention. It does not make the trade or his handling of it any more important or heroic. And since you brought it up, I would be curious to know what kind of size marketsurfer is trading so loosely and with such abandon. Before we can "admire" his ability to stand so much heat and double up at a point beyond his initial protective stop, it would add much needed perspective to know what percentage of his trading capital he is committing to these more than occasionally unfortunate trades.

As for me, I choose not to subject my trades to your scrutiny or anyone else's. I make no claims of perfection, as you have alluded. My trading is far from perfect, however, my laundry is my own, such as it is. Therefore, it is not subject to anyone's scratch-and-sniff analysis.

Sitting on my "thrown," Anna? It must be tough being from another country.:D

I think we should work on your table manners before we finalize our dinner plans.
 
Quote from JSSPMK:

Surf, if you have 4 positions on, does that mean that you have allocated 25% of total capital to each one of them, or do you allocate 50% of total capital. You keep mentioning money management, but ImO, strictly, aren't gains relatively small? I
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thanks for the post. NOOOO--less---, 4 trades live right now--- about 40% of total capital at risk at any one time, which is about my max. this is why my strategy is for large gains, while being able to endure heat since even a total blow out ( impossible, baring the extreme ) would still leave me in the game. hope this makes sense.

regards,
surf
 
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