The Surf Report

[marketsurfer]

maintaining short bias in YM, holding here.

on a side note, lulu hit 46.50 today, too bad i closed too early.


stirred not shaken in YM,

surf

 

[balda]

Quote from JimmyJam:

Well Vol, considering this was the dominant trend of the whole day ...

Well too bad you quit early, didn't you?

 

[Pekelo]

Quote from marketsurfer:

holding YM shorts here with 13174 being break even. sticking with analysis and short bias.

History repeats itself for the 3rd time, although at this time it was only an AH Bernanke interview not a Feds meeting. Nevertheless futures rallied like crazy...

YM is at 13415, position is nicely -240, and YTD you are just up a 100 or so points....

I think one big problem is that you failed to realize the increased volatility since about February. A year ago you really had to hold a position for a week or more to get a 2-300 points move, nowadays a few hours do just that.
So you should adjust your game and play accordingly. I know you like to say : "I am not a daytrader", but so what? if the market swings back and forth 2-3 times a day, why not take advantage of it, instead of holding a position for days like an idiot???(specially when it goes against you)

 

[rcanfiel]

Quote from ProfLogic:

That is a riot seeing that you are the master of the "I can't make it" excuse.

While you are the master of the "I will take you on mano a mano... Whoops - pay me first" excuse

On top of all that you ridicule me for not making a real time call and I throw a late nighter in with a tight stop that crapped out and you would have thought you were at Yuk Yuks. You do the identical thing, except 3 times in a row in broad daylight after a good nights sleep and you poo poo it like it's a stray cloud on a Summer day.

It is easy to poo poo someone who makes large claims but will not back them up in public, on a verifiable manner.

You are amazing . . . and that is not a compliment.

Well said, but you were looking in the mirror at the time.

 

[uptik2000]

 

[ProfLogic]

Quote from uptik2000:

That's gonna hurt.

 

[overtooled]

trade isn't over till the print.. right surf?

 

[JimmyJam]

Pan on Market Surfer’s trading room, with super sophisticated computer setup and great view of the water through the storm protected windows.

Bring, bring, bring, bring, bring

Click

“You have reached the residence of Market Surfer, please leave a message at the tone”

Beep!

Hello, Market Surfer?

This is your broker at Fast Money Futures, we’re going to need another $20,000 from you to hold your Short Position in the YM e-mini indicie. Your position has moved against you by over 300 pts, and we are increasing our margin requirements as per our instructions because of the increased volatility.

Please call us when you get this message at 1-800-FAS-MONY"

Click

Cut to Market Surfer, sweating bullets over the speaker as he listens to the message.

(thought bubble forms above his head) “Damn, I should’ve listened to Prof Logic and JJ when I had the chance, now what am I going to do!#!!??? YIKES" :eek:

 

[overtooled]

lots here will soon be eating crow.. SQUAWK !!

let your rationalizations begin

 

[Pekelo]

Quote from overtooled:

let your rationalizations begin

Here is my rationalization:

Since Surf is very good at holding (both winners and losers) had he actually followed the original channel, he would be long from 13030 or so and up 430 points, instead of down 300 after averaging in 2 more times...

How is that for rationalization??

As I mentioned earlier:

1. Never break your rules!
2. Don't go against my predictions.

Quote from Pekelo:

Year end rally will bite you in the ass....