The Surf Report

[Spooz Top]

Quote from marketsurfer:

the initial stop is defined by your risk tollerance, size, etc. it's strictly up to you. staying flat here.

surf

correct.............so what was "your" risk as defined by your stop for this particular trade?

this trade applies to only one individual......the individual that executed it.......where anyone else would place a stop is irrelevant.

 

[Thunderdog]

Quote from marketsurfer:

the initial stop is defined by your risk tollerance, size, etc. it's strictly up to you...

I disagree. The initial stop should be taken in the context of the entry, because the entry should be taken in the context of the surrounding price volatility. You can't irresponsibly just tell someone to go in now and choose their own stops. If you're going to give directions at all, then you should do so properly. When you give directions to someone, you don't tell them to go left, then right and then keep on going until they get tired. You either give them full and proper directions in the context of the destination or none at all. Unless, of course, you just like the sound of your own voice. Then anything goes.

 

[marketsurfer]

These are not directions, merely suggestions for entries and exits. take it as you will-----great week this week--thanks to the new system.

I personally use 20 point stops in the YM from entry level. watch out of end of month mutual fund games......

thanks again to the twitter followers


surf

www.twitter.com/marketsurfer

 

[marketsurfer]

Quote from Spooz Top:

correct.............so what was "your" risk as defined by your stop for this particular trade?

this trade applies to only one individual......the individual that executed it.......where anyone else would place a stop is irrelevant.

true. 20 points.

 

[marketsurfer]

Quote from Thunderdog:

I disagree. The initial stop should be taken in the context of the entry, because the entry should be taken in the context of the surrounding price volatility. You can't irresponsibly just tell someone to go in now and choose their own stops. If you're going to give directions at all, then you should do so properly. When you give directions to someone, you don't tell them to go left, then right and then keep on going until they get tired. You either give them full and proper directions in the context of the destination or none at all. Unless, of course, you just like the sound of your own voice. Then anything goes.

you have a point, tdog. however, these are suggestions not directions. plus, one's stops are personal, i don't know your goals, etc, other than not to lose money--which is hopefully what the new system does. so far, so good this week.......

are you following in real time on twitter? you can set it up so you can get instant alerts like the others.

 

[Thunderdog]

Quote from marketsurfer:

...are you following in real time on twitter? you can set it up so you can get instant alerts like the others.

Thanks, but I don't know anything about twitter and I have no interest in anyone else's signals aside from their entertainment value. Nothing personal, but that's just how I roll.

 

[Sushi]

Surfer. Is there acost for the twitter account? I tried to log into your calls didn't work. Help!

 

[marketsurfer]

wow, a monster carry thru spike in the YM in the preopen.

our BIAS is short today after the open.

best,

surf

www.twitter.com/marketsurfer

 

[Ivanovich]

I give you credit for balls, surf. To me, it looks a bit like standing in front of a train.

 

[marketsurfer]

Quote from Ivanovich:

I give you credit for balls, surf. To me, it looks a bit like standing in front of a train.

its initial bias for the day, may not trade it. following system--- thanks!!