The Surf Report

[marketsurfer]

Quote from overtooled:

surf,

every wolf has its fleas, tis easy enuf to scratch

i like the way you seek to capture the megatrend and avoid the noise.

JJ? she's busy right now buying bottom after bottom LOL

thanks, ot. yeah,agree, i take it as a compliment.

one of these days, they will understand charts are just a small, very small part of the speculative pursuit.

surf

 

[TRS]

Quote from JimmyJam:

... combined with overwhelmingly bullish signals from the other indicie (NQ, YM), the Internals (VXO, TRIN) and the Bankers, all I could do was sit and watch my Long positions make money, there really wasn't much else to do on the trading end of things.

But you're right.

These diatribes serve no positive purpose, at least not on my end, I have nothing to learn here.

So I'll desist from this nonsense, occasionally stopping in to say "Hi" and see how folks are doing.

Good trading to all of you.

Jimmy Jam

 

[TRS]

Quote from 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:

 

[TRS]

JimmyJam- hate to have you for a mother in law.

Surf- make sure you book some profits.

 

[ProfLogic]

Quote from marketsurfer:

it's funny, you only hear from these guys when they are right.

p;logic got DESTROYED on his oil prediction--- but wait, he doesn't predict, must have been someone else with the same avatar. Yeah, he nailed this upmove in the YM, need to give him credit for that--that's one correct call and one losing call. 50% thus far--please keep the EXACT non hedged, non liguistically can't lose calls coming. thank you.

surf report shows wins and losses--- some huge, others brutal---as we travel DOWN the speculative wave.....

surf

Look jerk, you asked to stop the attacks and now you want to start it up, I will. You will lose dearly.

 

[Thunderdog]

I'm just curious, surf. Since you admit that you can't time the markets perfectly (a condition that most of us suffer, some worse than others), then what prevents you from using smaller protective stops? Since you are principally looking to capture the larger moves, you would understandably avoid tiny stops so as not to get repeatedly whipsawed in your quest for the "big one.". However, I cannot quite understand the rationale for wide, yawning stops (essentially non-stops). For someone who readily admits to being timing impaired, you certainly do not act like it, by taking the protective measures that help ensure solvency. It does not necessarily have to be either extreme, does it: either tiny stops or none at all? Are not (reasonable) protective stops the practical and empirical admission of imperfect timing? And is not the absence of meaningful protective stops the implied belief in infallible judgment?

P.S. Admittedly, my use of the words "meaningful" and "reasonable" are relative to the potential move. However, historically, your stops have shown themselves to be relatively too large. Further, have you not recognized the numerous opportunities to re-enter your various positions had you used smaller stops? True, I speak in hindsight. But it keeps repeating itself over and over.

 

[marketsurfer]

Quote from ProfLogic:

Look jerk, you asked to stop the attacks and now you want to start it up, I will. You will lose dearly.

lovely.

i requested that you stop the personal attacks only. trading methods, calls, trades, ideas, etc are all fair game on the surf report.

surf

 

[marketsurfer]

Quote from Thunderdog:

I'm just curious, surf. Since you admit that you can't time the markets perfectly (a ......

very good points, tdog. on the way to gotham---i'll address this post later.

regards,

surf

 

[ProfLogic]

Quote from marketsurfer:

lovely.

i requested that you stop the personal attacks only. trading methods, calls, trades, ideas, etc are all fair game on the surf report.

surf

When you exaggerate what happened and attack. It's fair game as well. Either drop it now or take the results like a man this time.

 

[JimmyJam]

Quote from TRS:

JimmyJam- hate to have you for a mother in law.

Surf- make sure you book some profits.

LOL, LMAO ... no ROTFLMAO spitting my coffee on the keyboard.

Yeah surf, make sure you book some profits, jeez, you're only down ... oh 250+ points or so, with the markets finding support for the continued upmove (everyone but overtooled sees this).

So ... what exactly is your profit target on this one Surf? oh, right, you don't have them either.

No protective stops.

No profit targets.

Way to go champ ...

... and no problem TRS, I'd hate to have you as a sister-in-law.

JJ