The Surf Report

[JimmyJam]

Quote from overtooled:

for god's sake will you annoying little sh*ts let go of surf's pant leg

give em a good kick surf

... and as far as giving anyone a kick, that's hard to do when you're almost $1000 in the hole per car of a multi-car scale-in ... (really, really bad)

JJ

 

[marketsurfer]

Quote from Thunderdog:

Pabst, I agree with Vienna. (Although "tight" is a relative term.)

Further, I was not suggested that surfer resort to scalping (grinding). As I had written in an earlier post in this thread, the solution to one extreme is not necessarily the other extreme. Surfer apparently doesn't see a middle ground between swinging for the fences with virtually no stops and scalping with miniscule stops.

Surfer lets his trades go against him in a fairly big way. As you implicitly described him (and as he has described himself), the "less skilled/edgeless trader " should probably not be absorbing large risk per trade. Poor timing + big risk = ?

Of course, surfer talks about "proper trade sizing," and that's all well and good. I'm just looking at the size of his losses in relation to the size of his gains. That tells me what I need to know. Picture a blindfolded guy running with wild abandon in a room full of sharp-edged furniture.

i don't believe there is ANYONE in this game who has made it who hasn't taken HUGE risks at one point. Reward is proportional to Risk.

if you continually mitigate your risk, and are afraid of risk--- you are by default damaging the potential REWARD side of the equation.

think about this---traders are taught to trade, to churn by the market machinery--its the way the market is fed. tight stops totally feeds the market and is supported by the very infrastructure that pushes these ideas like TA, tight stops, etc. you gotta think outside the chart and study those who have traveled this path with great success.

in my opinion, the idea that retail traders can have an actual edge other than embracing risk and position sizing, is not supported by the evidence.

regards,

surf

 

[Magna]

Quote from marketsurfer:

if you don't like it, don't read it.

Gawd,

Some people have no life and must be dying to be part of Surf's 100 million (give or take one or two). May this little Surfer Family continue to keep it friendly. Attack the trading methodology if you must, but not the person. Thanks.

Quote from Thunderdog:

I think now would be a good time for tea and crumpets. Anyone?

 

[Thunderdog]

Quote from marketsurfer:

i don't believe there is ANYONE in this game who has made it who hasn't taken HUGE risks at one point. Reward is proportional to Risk.

if you continually mitigate your risk, and are afraid of risk--- you are by default damaging the potential REWARD side of the equation.

think about this---traders are taught to trade, to churn by the market machinery--its the way the market is fed. tight stops totally feeds the market and is supported by the very infrastructure that pushes these ideas like TA, tight stops, etc.

in my opinion, the idea that retail traders can have an actual edge other than embracing risk and position sizing, is not supported by the evidence.

regards,

surf

You continue to present nothing but an either/or scenario of one extreme or the other. There are stops along the way, so to speak. I think the devil is in the details between that either and that or.

 

[marketsurfer]

Quote from Thunderdog:

I think now would be a good time for tea and crumpets. Anyone?

you're buying.

http://www.pocketchangenyc.com/NewsLetter.asp

surf

 

[marketsurfer]

Quote from Thunderdog:

You continue to present nothing but an either/or scenario of one extreme or the other. There are stops along the way, so to speak. The devil is in the details between that either and that or.

if you wanna make less than a mcdonald burger flipper, as a retail trader, be my guest taking the middle road.

surf

 

[Thunderdog]

Quote from marketsurfer:

...if you continually mitigate your risk, and are afraid of risk--- you are by default damaging the potential REWARD side of the equation...

That goes without saying. But it ensures survival. Businesses that have been going concerns for any length of time are accurately characterized as taking careful risks rather than those of wild abandon. The few enterprises that have succeeded by throwing caution to the wind are the corporate equivalent of lottery winners. (The rest, that folded, you no longer hear about.) Is that what you're shooting for? The do-or-die lottery win? Didn't you say trading was a business? Broken down, is good business not a series of circumspect and mitigated risk taking?

Or are you a prima donna who feeds on the drama? Which reminds me, how's VN?

 

[overtooled]

do you trade, T-dog? if so, what's your time frame? your constant sniping here at another's trades demands an answer from you

edit: i am asking is this critcism of yours coming from another trader..

 

[Thunderdog]

Quote from overtooled:

do you trade, T-dog? if so, what's your time frame? your constant sniping here at another's trades demands an answer from you

edit: i am asking is this critcism of yours coming from another trader..

If you read carefully, you will discover that I do not "snipe" at surfer's trades. Rather, I observe his approach and I question his rationale with my admittedly simple grasp of logic. My comments are not trade-specific. You, on the other hand, repeatedly snipe at my posts for no reason other than because. You do not comment on the content of my posts, but only on the fact that I post. Quite peculiar. Do you trade? (I'll let you keep guessing about me.)

 

[marketsurfer]

Quote from Thunderdog:

That goes without saying. But it ensures survival. Businesses that have been going concerns for any length of time are accurately characterized as taking careful risks rather than those of wild abandon. The few enterprises that have succeeded by throwing caution to the wind are the corporate equivalent of lottery winners. (The rest, that folded, you no longer hear about.) Is that what you're shooting for? The do-or-die lottery win? Didn't you say trading was a business? Broken down, is good business not a series of circumspect and mitigated risk taking?

Or are you a prima donna who feeds on the drama? Which reminds me, how's VN?

if you are one of the very few retail traders with a substantial capital base, yeah, you can grind out a living by surviving--but why accept the insecurity when you can make much more in other businesses or a job--and just trade as a hobby?? however, for the vast majority, and for those who SEEK GREATNESS in all its forms, taking outsized risks is the ONLY way.

surf


ps. please note, im not talking about those with propshop or institutional edges in all their forms.