The Surf Report

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once again, prolly as expected, nice turnaround...can u tell us your profit tgt since your pos went against u more than 150points...just to understand your r/r.

tia
 
Quote from Bitstream:

once again, prolly as expected, nice turnaround...can u tell us your profit tgt since your pos went against u more than 150points...just to understand your r/r.

tia
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thanks. i dont have profit target---

please see several pages earlier in journal. i doubled position making B/E 10968.50 in cash djia.

surf
 
ah, another thing; have u noticed that on all of your trades if u waited for a bounce/retracement instead than tryin' to catch the bottoms/tops u would have fared much better? look at today/yesterday if u got in there/here u would be still in much better shape...same can be said for many trades u made, like goog and all your futs ones.

things to keep into consideration, innit, since it does not make a good case for countertrend approach.


have a good tradin' session
 
Quote from Bitstream:

ah, another thing; have u noticed that on all of your trades if u waited for a bounce/retracement instead than tryin' to catch the bottoms/tops u would have fared much better? look at today/yesterday if u got in there/here u would be still in much better shape...same can be said for many trades u made, like goog and all your futs ones.

things to keep into consideration, innit, since it does not make a good case for countertrend approach.


have a good tradin' session
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yes. you are correct. i realize that my system is often early, i counteract this by scaling into the trade. the issue i would have with your approach, is i really don't know how early the system triggers are--hence i take them being sized properly to allow for 2 -4 additional entries to smooth out the average price across time waiting for the expected directional move.

surf
 
Quote from marketsurfer:

i dont have profit target---
i doubled position making B/E 10968.50 in cash djia.

surf
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I would take profits here, the Dow being up at 11091. Here is the reason:

This rally before the announcement was very strange. Chances for a selloff is much bigger than for further rallying, but of course I could be wrong.

At least put in a stop loss order. Otherwise nice trade!!!
 
Surf,

I have to agree with Peleko but of course I don't know your timeframes but for the record I've sold some 126 SPY Calls and bought some 127 SPY Calls as a credit spread.
 
i have been following the surfer for a number of years and he has been lucky for a long time. although i do question the timing of his new system. anyway, great trade marketsurfer. ride the wave.

ecas
 
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