What Marketsurfer Believes

artemstreb · Apr 6, 2015

marketsurfer said:
Absolutely not. You are not understanding at all. The central tenant to all financial markets is that risk equals reward. One needs to take risk to get reward, there is no way around this.

ahhh,imissed that

Making income is for a job or your business, the market is to make money.

soooey

When the time is right, you need to take risk to earn outsized gains===It's not all in gambling as position sizing and using information to tilt the odds are used but you still can lose obviously. surf

obviously

lucysparabola · Apr 6, 2015

Surf, am curious - if you had what you define as a true edge, would you go 'all-in' on it? Or, not obviously entire net worth, but all-in from your designated account (for that edge's exploitation) standpoint?

marketsurfer · Apr 6, 2015

lucysparabola said:
Surf, am curious - if you had what you define as a true edge, would you go 'all-in' on it? Or, not obviously entire net worth, but all-in from your designated account (for that edge's exploitation) standpoint?

Yes---to the capacity of the strategy butat the same time, i would bail if things changed.

marketsurfer · Apr 6, 2015

lucysparabola said:
Surf, am curious - if you had what you define as a true edge, would you go 'all-in' on it? Or, not obviously entire net worth, but all-in from your designated account (for that edge's exploitation) standpoint?

Just to add to my response, i have experienced true edges personally several times. Once was in FX when the mini and micro contracts were introduced. They would lag or lead between dealers--- we killed that situation for a small fortune. An other time was with a prop firm arbing locked and inverted markets between exchanges. You could basically buy and immediately sell at a profit. You woyldnt take the trade unless the profit was guaranteed. It was sick but capacity constrained.

lucysparabola · Apr 6, 2015

Yes, I have nailed retail FX dealers in the past as well. A few months ago there was some idiot on NADEX running an algo on extremely short duration (5m) digitals that was only good for a one lot, but I think I got about a grand off of him before he shut it down over a couple of weeks. He would leave bids/offers that were ITM on the book right up through expiration.

So yeah, they are there still to be found... a fool and his money, lol.

marketsurfer · Apr 6, 2015

lucysparabola said:
Yes, I have nailed retail FX dealers in the past as well. A few months ago there was some idiot on NADEX running an algo on extremely short duration (5m) digitals that was only good for a one lot, but I think I got about a grand off of him before he shut it down over a couple of weeks. He would leave bids/offers that were ITM on the book right up through expiration.

So yeah, they are there still to be found... a fool and his money, lol.

Whoa, i never saw that Nadex edge, but i am not surprised. Very cool, thanks!

marketsurfer · Apr 6, 2015

# 18. Health is the number one asset without question. Freedom to do what you want, when you want, and how you want is the second greatest asset. It is better to just have enough money to be completely and totally free than to be really wealthy but chained down for any reason.

artemstreb · Apr 7, 2015

marketsurfer said:
# 18. Health is the number one asset without question. Freedom to do what you want, when you want, and how you want is the second greatest asset. It is better to just have enough money to be completely and totally free than to be really wealthy but chained down for any reason.

platitude. 'just enough money' is not enough to achieve your first tenet. a mark cuban or a bill gate get better healthcare than you or i by virtue of they outsized wealth. they have better survival curve vs 'just enough money' to pay for condo on beach

marketsurfer · Apr 7, 2015

artemstreb said:
platitude. 'just enough money' is not enough to achieve your first tenet. a mark cuban or a bill gate get better healthcare than you or i by virtue of they outsized wealth. they have better survival curve vs 'just enough money' to pay for condo on beach

I completely disagree--- gates and the other UHNW's can pay for bespoke and personalized medical care--this doesn't mean it's any better. Look at Mike Jackson as an example--- he would have been better off on Obama Care ( likely still alive ) than his high priced doctor.

Another example is Steven Jobs. All his money could not save him from the inevitable.

When I say just enough money, that is completely relative. For some its a $70 million house and jets, for others its a Ferrari, range rover and nice condo on the beach, and for still others its just being debt free----

surf

lucysparabola · Apr 7, 2015

wasn't Jobs under care of homeopaths? rofl.