The Surf Report

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Quote from marketsurfer:

thats it, stopped out of YM short, taking loss.

:( surf
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OK, I think it's time for an Intervention

Here's my 3 trade rule (I didn't make it up, got it from a guy at a bar I was talk'in trade'in with).
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I'm sure you've heard this before, but it bears repeating. If you have three losing trades in a row, take a break and reassess your system to see if you're doing anything wrong. Remember, markets change and systems have to change with them.

Learn from your mistakes.
***
JJ
 
Quote from JimmyJam:

OK, I think it's time for an Intervention

Here's my 3 trade rule (I didn't make it up, got it from a guy at a bar I was talk'in trade'in with).
***
I'm sure you've heard this before, but it bears repeating. If you have three losing trades in a row, take a break and reassess your system to see if you're doing anything wrong. Remember, markets change and systems have to change with them.

Learn from your mistakes.
***
JJ
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Nothing inspires confidence like hearing that a person is relying on trading "education" from a BARTENDER.

YEAH

This is by far, the best post ever at ET. You couldn't make this crap up.....I am loving it to death...

Could I get that bartender's name? I am involved in a lot of stat arb and I really need some advice.


Thanks
Steve
 
Quote from atticus:

The thai baht trade rings exotic, but he blew-up the old-fashioned way, short otm index puts at the cme. Simply ask Refco.
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Exactly.

You really can not defend a guy who lost more than one hundred million dollars blowing up. It is a throughly disgraceful feat. Is he even back to break even for his career? How many times did he blow up?


I respect his squash I disrespect his trading.
 
Amen, he's a icon in the game. He even beat this guy:

st_montalban_trek2.jpg
 
Quote from marketsurfer:

thats it, stopped out of YM short, taking loss.

:( surf
More...

Oh geez, hope you took that loss on your own volition and design and not due to some incessant prodding you took on this board. :(

On another note, it seems to be "Rolling-over" time.
 
Quote from steve46:

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Nothing inspires confidence like hearing that a person is relying on trading "education" from a BARTENDER.

YEAH

This is by far, the best post ever at ET. You couldn't make this crap up.....I am loving it to death...

Could I get that bartender's name? I am involved in a lot of stat arb and I really need some advice.


Thanks
Steve
More...

WTF? :confused:

I didn't say I got it from a bartender, I said I got it from a guy I was hanging out at a bar with, we strike up a conversation and it turns out he's in the business (in NYC far stranger things have happened no doubt ...).

He works here at ManMarketMonitor

You're just too cynical Stevie, too cynical.

JJ
 
Quote from atticus:

Wait! What are the odds on losing 4 in a row! :p You're COMPELLED to pick a random entry here... it CAN'T lose!
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Actually you could probably lose 7 or 8 times in a row

JJ
 
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