The Surf Report

Status
Not open for further replies.
What is tuff at the moment for Surf is that the market may make a turn in here this week or next but at what price level?

Having the line in the sand, is a must and Surf may have to take it. Yet, there is NO problem with the trade because he is sticking to his trading plan and rules.

All the best,
Patrick
 
Here is a quote from surf on the previous page:

"on the 7th the stops are going on the dow short posiiton and back to the system i go--not to EVER deviate from again.

Sticking to his trading plan and rules? Don't you get it, this trade didn't stick to the plan or rules, it deviated from it.



Quote from harmonicpatrick:

What is tuff at the moment for Surf is that the market may make a turn in here this week or next but at what price level?

Having the line in the sand, is a must and Surf may have to take it. Yet, there is NO problem with the trade because he is sticking to his trading plan and rules.

All the best,
Patrick
More...
 
My fault with repsect to the initial breaking of the rules. I missed that on the thread. Obviously that is a mental mistake, and needs to be addressed on Surf's behalf.

All the best,
Patrick
 
thanks everyone for the replies and points. your suggestions are well taken. just want to clarify that the 10403 in the DJIA as final stop is exactly that--we may close the position prior to this point depending on market action. wait and see....

yes, this may be a big hit on the trade--- our trade sizing, although pushed to the limit here, kept it from being disasterous on the account and enabled a ride to the potential bitter end.


i know i posted this earlier, but would like re-invite all surf report readers to vic's talk in NYC on thursday.


www.nycjunto.com


i'll see everyone who has RSVP'd
there !

best,

surfer
 
Quote from marketsurfer:


i know i posted this earlier, but would like re-invite all surf report readers to vic's talk in NYC on thursday.

www.nycjunto.com

i'll see everyone who has RSVP'd
there !

best,

surfer
More...



Looks entertaining - though I fear Vic wouldn't have much interest in opposing points of view. Think he'll be wearing shoes? Think he'll mention LoBagola?

Interesting to think about the market in terms of deception... says something about Vic's conceptual framework to embrace such a topic.

Maybe you can ask him for me: is the weather on Mt. Everest deceptive, or is it just the nature of nature to surprise us? I wonder if he recognizes there are alternative (and profitable) viewpoints that render his teachings unintelligible...
 
good luck surf. i must say though that if you are going to take people down the wrong road like this last trade and refuse to explain your thinking behind the trades i would not recommend to my clients that they invest any money in your fund.
 
Quote from vhehn:

good luck surf. i must say though that if you are going to take people down the wrong road like this last trade and refuse to explain your thinking behind the trades i would not recommend to my clients that they invest any money in your fund.
More...



Vhehn,

thank you for the post. the trade you are referencing was made with the utmost consideration for account risk management. at no time is the total account in danger of severe drawdown. yes, i was wrong in the trade--- it was cyclically based and my projections of a meltdown by 9.7 was simply not accurate. stops have been installed where i give up on the position. i look forward to seeing you on the new site !

surfer :)
 
Status
Not open for further replies.
Back
Top