The Surf Report

[JJ2]

Quote from Thunderdog:

So your "portfolio parameters" allow for the holding of terrible mistake trades? And what could possibly be the justification for continuing to hold on to a trade that you yourself described as a terrible mistake? Hope, perhaps?

Please answer.

Quote from JSSPMK:

Yes, I don't understand that either. Obviously MS refers to a bad entry, so does he mean to say that his method still indicates a decline and it being still within risk management he continues to hold through a substantial drawdown?

Your targets must be huge to sustain this sort of drawdown.

LOL, this thread is what happens when the sane have a conversation those who choose to be completely duplicitous, even to themselves.

Jimmy Jam

 

[marketsurfer]

Quote from Thunderdog:

So your "portfolio parameters" allow for the holding of terrible mistake trades? And what could possibly be the justification for continuing to hold on to a trade that you yourself described as a terrible mistake? Hope, perhaps?

Please answer.

yes, it's hope based on experience.

terrible and a mistake were my words. terrible mistake are yours. there is a difference.

surf

 

[marketsurfer]

Quote from JSSPMK:

Yes, I don't understand that either. Obviously MS refers to a bad entry, so does he mean to say that his method still indicates a decline and it being still within risk management he continues to hold through a substantial drawdown?

Your targets must be huge to sustain this sort of drawdown.

its all relative based on total portfolio performance. trades are viewed as a group. should have i closed the YM trade? YES! hindsite is the only 20/20 regardless of what the little yapping dogs and those who sell systems, want you to believe. however, the decision was made to hold and im sticking with it for now.


yes, my goals are huge. i dont have hard targets either way.
surf

 

[JSSPMK]

Quote from marketsurfer:

its all relative based on total portfolio performance. trades are viewed as a group. should have i closed the YM trade? YES! hindsite is 20/20 regardless of what the little yapping dogs want you to belive. however, the decision was made to hold and im sticking with it for now.

surf

That's OK, but you have just said it yourself that trade should have been closed, but you continue holding it, that's what is confusing.

 

[Thunderdog]

Quote from marketsurfer:

yes, it's hope based on experience...

On the experience of hoping?

 

[marketsurfer]

Quote from JSSPMK:

That's OK, but you have just said it yourself that trade should have been closed, but you continue holding it, that's what is confusing.

yeah, i understand your point.

im far from infallible and don't always do what i know i should.


regards,

surf

 

[Thunderdog]

Quote from marketsurfer:

...terrible and a mistake were my words. terrible mistake are yours. there is a difference.

 

[Vienna]

Quote from marketsurfer:

yes, it's hope based on experience.

terrible and a mistake were my words. terrible mistake are yours. there is a difference.

surf

I would rather say it is experience based on hope.

SO the plot thickens... the "portfolio parameters" allow for a trade that is "terrible" and a "mistake" but not for a trade that is a "terrible mistake"? You start sounding like a Jesuit 200 years ago.

 

[Vienna]

Quote from Thunderdog:

On the experience of hoping?

Beat me to it

 

[Thunderdog]

Quote from marketsurfer:

...should have i closed the YM trade? YES!...however, the decision was made to hold and im sticking with it for now.