The Surf Report

marketsurfer · Oct 8, 2007

greetings,

have entered short AUD/USD @ 89750 and short EUR/USD @1.4071.

surf

Wittgenstein · Oct 9, 2007

Quote from marketsurfer:

hi,

i wasn't filled on the "envelope" tactic. however, i was able to enter on the bounce and made nice profits.

thanks,

surf

Well done.

marketsurfer · Oct 10, 2007

surfer hard at work prior to the aussie figures:

spinoza · Oct 17, 2007

surf,

Would it be hard for you to write a book comparing/contrasting Vic Niederhoffer's 2 previous blow-ups, and providing analysis of how they could have been avoided?

Could be an interesting book; think it will happen?

syswizard · Oct 17, 2007

Quote from spinoza:

surf,
...and providing analysis of how they could have been avoided?

Answer : Use Put Credit Spreads vs. Naked Puts
Loss is automatically "capped"....like an automatic stoploss.
Perfect for traders like Vic who lack discipline.

syswizard · Oct 17, 2007

Surf - we're minus 180 (from highs) on YM intraday right now.
Ready to jump back in short at this point ?

spinoza · Oct 17, 2007

Quote from syswizard:

Answer : Use Put Credit Spreads vs. Naked Puts
Loss is automatically "capped"....like an automatic stoploss.
Perfect for traders like Vic who lack discipline.

Approximately how much less return per yr would Vic have made with Put Credit Spreads (instead of naked puts)?

Just your rough guess...less than half of annual return(excluding blow-up)?

Pekelo · Oct 17, 2007

Quote from syswizard:

Answer : Use Put Credit Spreads vs. Naked Puts

How about just plain long ES futures with 1:5 leverage?

Basicly that's what his portfolio was mimicking. Am I right that the margin req. is smaller for futures than for selling the naked puts? Also, when there is a selloff, it is easier to get out quickly or just scaling out....

spinoza · Oct 17, 2007

Quote from Pekelo:

How about just plain long ES futures with 1:5 leverage?

Basicly that's what his portfolio was mimicking. Am I right that the margin req. is smaller for futures than for selling the naked puts? Also, when there is a selloff, it is easier to get out quickly or just scaling out....

Interesting thing is that even if Vic averaged less than half his "typical annual return" by using safer methods; his investors would have still done very well since "blow-ups" could have been avoided...

marketsurfer · Oct 17, 2007

Quote from spinoza:

surf,

Would it be hard for you to write a book comparing/contrasting Vic Niederhoffer's 2 previous blow-ups, and providing analysis of how they could have been avoided?

Could be an interesting book; think it will happen?

hmmm. that's an interesting idea--- more like an article, however.

thanks!