The Surf Report

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Quote from Wittgenstein:

If you want a bullish sector: Shipping stocks.
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That's true but I think all the easy money had been made in shipping stocks. Buying pullbacks would be the right thing to do but gold stocks are just starting to move up-- the trend is just starting.
 
Great, thanks for clarifying. The reason I originally inquired was I have noted a tendency by traders to refer to "we" or "us" when there really isn't anyone beside themselves. The reason many do can be best described as an unconscious separation between the trader and the trader's ego. Sort of an out-of-body mentality in an effort to keep one’s emotions at bay; in effect where, in the immortal words of the Grateful Dead (Hunter?), the music plays the band.

Happy Birthday and great trade on the Dow short!
 
Quote from LaSalle:

Great, thanks for clarifying. The reason I originally inquired was I have noted a tendency by traders to refer to "we" or "us" when there really isn't anyone beside themselves. The reason many do can be best described as an unconscious separation between the trader and the trader's ego. Sort of an out-of-body mentality in an effort to keep one’s emotions at bay; in effect where, in the immortal words of the Grateful Dead (Hunter?), the music plays the band.

Happy Birthday and great trade on the Dow short!
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i understand what you mean. thanks for the well wishes !!

surfer :)
 
Quote from doublea:

That's true but I think all the easy money had been made in shipping stocks. Buying pullbacks would be the right thing to do but gold stocks are just starting to move up-- the trend is just starting.
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No, the first profit is the most difficult profit. Just ask Marketsurfer... It's more easy to make money when you have a strong trend. Shipping stocks are still cheap, but they are making new highs every day.
 
Quote from marketsurfer:

closing shorts 10043

Flat
surfer
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Surf - I like to follow your journal but I'm going to say (again) - what you DO is seriously averse to your stated goal, namely to catch AND RIDE the big wave.

Revisit 'Reminiscences.' I believe Larry talks about putting on that big position and then going away on vacation to give it time to work. By gaming in and out, you are at risk of missing BIG pieces of this move as they will come in the blink of an eye.

I'm riding this same wave - short DAX at cash ~3990 and currently slightly red on the NQs. The hardest part of riding one like this is the need to be patient and let the position work, oftentimes over weeks and perferably months.

If you need to trade perhaps you could do so in another account or under another strategy. Otherwise, much of your trading is counterproductive to achieving your objective.

Othewise, have a nice day. :p
 
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