thanks. lights. we'll see.
surf
The Surf Report
- Thread starter marketsurfer
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thanks. lights. we'll see.
surf
once again, holding short thru the morning run up.
short DJIA.
regards,
surf
short DJIA.
regards,
surf
Surf, you might want to keep an eye on MY journal. I just went long at the very bottom on Friday and sold 19 ES points later just now. So my journal was making money while you were giving it back. YTD it is up 85 ES points which is about 3-4 times as much as your journal made.
And I disagree that you need to be a daytrader. Trading 3-5 times a WEEK doesn't make you a daytrader, but a swing/position trader. If the market fluctuates, you keep taking profits and reposition yourself. But anyway, good luck with your short and see you sometimes on the long side...
And I disagree that you need to be a daytrader. Trading 3-5 times a WEEK doesn't make you a daytrader, but a swing/position trader. If the market fluctuates, you keep taking profits and reposition yourself. But anyway, good luck with your short and see you sometimes on the long side...
returned from beach, but continuing to ride the waves in the DJIA awaiting slide to continue. holding shorts at this time.
best wishes,
surf
best wishes,
surf
there is no telling how long the chop suey action will continue at these levels. however, we remain completely confident of a substantial breakdown occuring within 90 days of present trade entry as stated earlier. no change, holding shorts.
regards, surf
regards, surf
For the record, let's state that from the low the current position gave BACK about 340 YM points.(must be a new record too). Even if the market goes down in the next 90 days or whenever that is just BAD trading.
Let's discuss this Gann level methods. Here are my 2 problems with it:
1. You can pick any channel (let's say YM 650-700) and the market will eventually move out of it, so you don't need any scientific method to calculate the Gann channels.
2. As it has been shown by your trade, there is no exit point/strategy, once you are in the money.
So it can be a good device to enter a trade, but you need to use other things to exit the position.
Again Surf, I wish you the best, but it looks like you want to be correct instead of making money...
Let's discuss this Gann level methods. Here are my 2 problems with it:
1. You can pick any channel (let's say YM 650-700) and the market will eventually move out of it, so you don't need any scientific method to calculate the Gann channels.
2. As it has been shown by your trade, there is no exit point/strategy, once you are in the money.
So it can be a good device to enter a trade, but you need to use other things to exit the position.
Again Surf, I wish you the best, but it looks like you want to be correct instead of making money...
340 points? that's got to be a record drawdown.
that's a drawdown of $1750 per contract.What kind of margin is he using?
this can't be a real trade. A real trader would have bailed a long time ago.Either bailed out or reversed.
blackguard
in an attempt to clarify any disinformation.....this trade was entered at an average of 13731 YM. I understand the previous comment.... however it may be unclear to others. this trade is not a massive loser from entry.... have some profits been temporarily returned? YES.
regards from the pool
surf
regards from the pool
surf
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