The Surf Report

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Quote from 1Reason:

Wow, Lots of comments on CROX......

It would appear by the comments that the only person who DOESNT know how to handle this trade correctly is Surf. Perhaps people are too polite to say so but I didnt see anyone say "I went long or going long" So I have to wonder how much you really feel about holding a short.

I even read someone say that they should show this to every new trader starting out. I totally agree, but I think they should show ALL of Surfs trading so they can see how a WINNER makes it in this dog eat dog net zero game.

with every comment ESPECIALLY those that are negative should include "thanks for the posts". People should show a little respect for someone who is willing to walk naked down the street and let everyone see his trades. Surf is a true asset of this website.

The last thing I noticed is the dates. Surf has been around the block a few times and been here since 2002. a WHOLE LOT LONGER than the average poster on this journal. Surf has passed the test of time, have YOU ??

Best of luck Surf and thanks so much for allowing me to honor of watching your trades !!!

1R
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thanks 1reason. great to have you here. surf
 
Quote from Lights:

no pain, no gain. nice trade marketsurfer.
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thanks. the 2nd entry was close to nailing the top, 400 plus points of profit here, holding.

staying long the fx pairs and short CROX.

CROX is going down, just a matter of time....

surf
 
Well done surf, my 13700 couldn't have been more wrong and I lost about 80 YM points today trying to buy a little insurance here and there but I can't complain, after all that is the side of the trade you want to be a loser. Have some OTM QQQQ, Bidu and amzn calls I just bought as a hedge going in to the weekend. Have a great one, this has been a long time in coming (this after hours action is looking good for Monday!)
 
Quote from HolyGrail:

It's the old "hold until proven correct" trading theory.:D
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Surf has found the way to fix the problems of getting in too early and avoiding his stop getting hit. If you reduce your contract size then you can afford to wait until the market catches up with your analysis. And you don't need to put on stop instead you just keep on analyzing the current market. At the end of day if you are still of the same opinion then you hold otherwise you get out, imho.
 
Quote from nkhoi:

Surf has found the way to fix the problems of getting in too early and avoiding his stop getting hit. If you reduce your contract size then you can afford to wait until the market catches up with your analysis. And you don't need to put on stop instead you just keep on analyzing the current market. At the end of day if you are still of the same opinion then you hold otherwise you get out, imho.
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I guess we just disagree on strategy. No matter how much analysis one does, there must be a point where you say to yourself, MY ANALYSIS WAS INCORRECT at this time. That point should have some kind of stop IMO. You can always re-enter the trade when it looks like the market is making an attempt to agree with your analysis.

For a guy that doesn't believe that trends exist, he sure depends on trends to get him to his target.

To each his own, I guess, but trying to hit a home run with every trade doesn't sound like a great strategy to me. I probably will never understand the homerun philosophy. You can hit home runs when the market allows you to hit home runs, but if you swing for the fences when you only need a single you will probably strike out.
 
SURF ALERT SURF ALERT

TASE has closed down 4.21 %!!!!!

this may be very telling for US markets monday.

holding YM shorts here.

holding CROX short

holding USD/ CAD long

holding EUR/USD long


Awaiting monday,

surf\

http://www.tase.co.il/TASEEng/

ChartE_142_0.png
 
ImO Surf you've been squeezed out of your EUR trade royally, no offense. If you have opted out for a initial small long position, then the gain will be small (potential headfake to come) in comparison to near term decline, of course ImO. Weekly chart looks weak man.
 
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