The Surf Report

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Quote from marketsurfer:

system dictates that at the least, profitable trade should be closed prior to break even on the way back down. where you close is subjective up to that point.
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Lucky, I didn't know about this NEW rule. Closing out with 200 points gains. You are the KING!!! :)
 
Quote from marketsurfer:

oil top in or soon.... we will not make it past 125.

surf:D
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yes please tell how you conclude this? oil from $30 - 95 without any market inflation. Now 125 inflation is starting to take hold.
with my gold i can still buy the same amout of oil i could 40 years ago but cant say the same for the $.
care to have a wager that oil will go to $200? and gold $2500 by this time next year or 18 months.
 
Oil prices briefly spiked to a new record above $127 a barrel Monday but ended the day lower as investors cashed in profits and an earthquake in China raised the possibility of a drop in demand. Retail gas prices, meanwhile, rose to another record above $3.70 a gallon:confused:
 
the next big tradeable wave in oil is expected to be down, with the strengthening dollar. Surf is trying to catch that wave when it starts, but i suspect that its a bit farther away as he is usually weeks.months early on these types of trades

Correct on CROX, surf was, and i wish i had held the 40 puts all the way to March as i had bought them when surf mentioned CROX at 50

sportsguy
 
A few wrong calls will happen. Even if someone is 55% correct on his calls. I good trader can make money easily. Actually with less than 50% a good trader can make money.
 
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