The Surf Report

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Congrats surf, I'm taking my EEM puts home too (up $267 today on them at this time ) and since you asked for an example of a hedge I bought some RVBD calls today in case of a sharp retrace in the morrow. Read on sentiment trader that when we get the extremes in internals that we got today there are usually three consequences. 1) beginnig of a secular bear, 2) 1 day '87 type event, 3) sharp rally.
 
Quote from JSSPMK:

Surf, could you please explain "no stops" policy? How do you control risk?
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hi,

risk is controled by position sizing based on total portfolio size. its my experience that stops actually hurt when trading in my style, particullarly in a volatile stock like CROX. Thanks to well designed position sizes, i can endure larger adverse moves waiting for our projected scenerio to play out---- no one can time the market exactly, but one can catch tops/bottoms if sized correctly to withstand temporary adverse movement. hope this makes sense.

surf
 
Quote from marketsurfer:

hi,

risk is controled by position sizing based on total portfolio size. its my experience that stops actually hurt when trading in my style, particullarly in a volatile stock like CROX. Thanks to well designed position sizes, i can endure larger adverse moves waiting for our projected scenerio to play out---- no one can time the market exactly, but one can catch tops/bottoms if sized correctly to withstand temporary adverse movement. hope this makes sense.

surf
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TY! ImO it is still better to limit risk and re-enter at some future date.
 
Quote from JSSPMK:

TY! ImO it is still better to limit risk and re-enter at some future date.
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yeah makes sense too. . I choose to trade a little different since I maintain more of a macro view have an instinctual feel for the market and good information but I'm not a kreskin with exact timing.

regards
surf
 
Quote from ghostzapper:

After it blasts to $55+ thursday,
smurf will tell you its only a "small position" and "we're adding to it".
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Quote from marketsurfer:

Continuting to hold all positions. doubled up on CROX short @ 51
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Hmm, adding to it.. the problem here is that when it blast off after earnings, will smurf say "still holding" and "doubling up" as the position goes -10% against him w no stops ??

I don't think anyone would ever give this type of strategy money to invest.

ps 50% short interest, so not an original idea to short this stock. nuff said.
 
Quote from ghostzapper:

After it blasts to $55+ thursday,
smurf will tell you its only a "small position" and "we're adding to it".
More...

I guess i was alittle conservative on crox... just traded $60 in after hours.
 
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