Quote from Bob Rowshan:
Ok, don't mean to rub it in, but please tell us on the surf report exactly when you are stopped out.
Once you are stopped out, i'm going to cash out of my entire long position in CROX. Many thanks!!
if it hits 63.10, im done.
The Surf Report
- Thread starter marketsurfer
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if it hits 63.10, im done.
Quote from marketsurfer:
if it hits 63.10, im done.
Many thank you's marketsurfer! You were stopped out @ $63.10 and coincidentally that's exactly where I sold my entire long position. You were a buyer, and I was a seller, all at the same price!!
Looking forward to the next surf alert in the "stocks" section!!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=98710
Quote from Bob Rowshan:
Many thank you's marketsurfer! You were stopped out @ $63.10 and coincidentally that's exactly where I sold my entire long position. You were a buyer, and I was a seller, all at the same price!!
Looking forward to the next surf alert in the "stocks" section!!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=98710
What a jerk.
Amazing, you got a beef with surfer too!!
He might be so, but he did make money on that one.
Now let's go back to OUR (I love majestic plural too!) objective analysis of the Report. I think I asked this already: At this point, what is the point of continuing the journal when every sensitive reader is ready to cut their wrists watching Surf trade???
Seriously, after the FOMC, this thread was the most depressing thing on ET. Surf pretty much did/does everything what a newbie trader can commit:
-- no stop losses
-- trading on disliking a product (CROX)
-- no money management
-- no clear exit signals/strategy
-- trading on rumors/insider(??) info
--etc.
Now I think the original Gann method is actually profitable, although it has a problem of not giving an exit signal, but unless Surf goes back and trades that method STRICTLY, this journal is nothing else but a learning ground for newbies What NOT to do! (I guess that is a positive, teaching newbies to avoid common mistakes.)
Quote from Pekelo:
He might be so, but he did make money on that one.
Now let's go back to OUR (I love majestic plural too!) objective analysis of the Report. I think I asked this already: At this point, what is the point of continuing the journal when every sensitive reader is ready to cut their wrists watching Surf trade???
Seriously, after the FOMC, this thread was the most depressing thing on ET. Surf pretty much did/does everything what a newbie trader can commit:
-- no stop losses
-- trading on disliking a product (CROX)
-- no money management
-- no clear exit signals/strategy
-- trading on rumors/insider(??) info
--etc.
Now I think the original Gann method is actually profitable, although it has a problem of not giving an exit signal, but unless Surf goes back and trades that method STRICTLY, this journal is nothing else but a learning ground for newbies What NOT to do! (I guess that is a positive, teaching newbies to avoid common mistakes.)
You have to give some credit to surf....when things got there worst, he was still here, suffering through some bad losers. If I were in his shoes, the last thing I'd want to read is Monday morning quarterbacking from a bunch of wanna be's...and let's face it, that's what 90% of ET'rs really are. Yet, he is still here, working through the drawdown, and defending his trades and strategy...and one important note....he's down.....not out!
Good luck surf!
Not exactly. Both in his recent YM trade and his CROX trade, surf was able to see in real time that his scenarios in each of those trades were not playing out. He could have taken corrective action in real time and prevented a loss, but he chose not to. And that's based on his own stated scenario, not mine or anyone else's. I agree with Lamont. I don't think it is in surf's interest to be encouraged to continue down this path. You're not doing him any favors by giving him credit here.
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