What Marketsurfer Believes

[vanzandt]

In an effort to correct the general confusion about Marketsurfer's trading, market and life philosophy, I thought it a wise move to clarify on this thread. This is not a static list and it will be updated and even changed completely over time.


1. Successful trading takes far more than studying past price, price, volume or any derivative related to past price for the retail trader.

2. The past does not repeat but it can rhyme with the future but not in a predictive or consistently profitable manner.

3. Luck is a tremendously powerful force that can be used for both success and failure in the stock market

4. Embrace randomness in life. it is a sure way to find success

5. Price charts are extremely deceptive and should only be used for descriptive or illustrative purposes-- for this they are perfect.

6. Beware of Technical analysis. It is very seductive due to the way we are wired. It is only effective for describing what has happened or explaining concepts to investors who prefer pictures.

7. Look for causes, not effects when attempting to make trading decisions.

8. Price is the effect, not the cause of every move therefore "price action" and other price based methods are fatally flawed from the start.

9. Beware of anyone who says the same method has been profitable for a number of market cycles, who uses scientific words without support, who makes claims based on fatally flawed premises.

10. Trade what you think based on research into cause, not what you see as the market is designed to deceive.

To be continued.....

surf

Interesting. I never read this guy's posts before.
This should be good lol....

 

[vanzandt]

14. Trading is not a solo endeavor. Price reading profit making savants are pure fantasy. Cultivate relationships and socialize-- relationship arbitrage is key to stay on the cutting edge of the changing financial market. Add value to others so value is exchanged back to you. Everyone can help you and everyone needs help in one way or the other.

Exactly.

 

[vanzandt]

Here's a weird story about the markets. I have not shared this with very many others because it is just simply too bizarre. When it first happened I just wrote it off as the rantings of a mad man, which it may actually have been. However, the older I become, the more I think about this very, very strange encounter. if anyone reading this happens to know who I am talking about or hung out at the Olde Discount stock brokerage on City Line Avenue in Bala Cynwyd just outside of the Philly city limits, I would love to hear from you.

Back in 1991, I was just getting interested in the stock market. I worked at Cigna at the time in their legal department in Bala Cynwyd. Several buildings over there was a Saks Fifth Avenue building with an Olde Discount Stock Brokerage around back. Every day for my lunch break I would visit the office and watch the ticker, check quotes on the computer and converse with the mostly old dudes who hung out there during market hours.

There was one very peculiar gentleman who dressed with a long overcoat and three piece suit that looked like it was from the 1920's. He had a gold pocket watch and wore a very unusual hat that also appeared to be an antique. The guy was genuinely unusual and walked with a bad limp and a cane with a skull on the top. He wouldn't talk to anyone but after he left the the quotron machine, the other older men would run up to see what he was looking at. After seeing the stocks the peculiar old fashion guy was looking, several of the office regulars would yell over the counter to buy or sell the same stocks this very unusual looking guy would pull up on the machine. Intrigued by this, i asked why they would follow this person so closely? The regulars advised me that the guy was an eccentric multi -millionaire and they had made much money by following his lead.

Thirsty for knowledge, several days later I worked up the nerve to talk to the peculiar trader. asked him how he became so successful in the stock market. He looked right at me with this very weird, creepy look. He then said, I was you, I am you, I will be you and hobbled out of the lobby. At the time this didn't really bother me because I know Charles Manson and other crazies say similar things so I just wrote it off as him being a mental patient. But every so often, particularly since I have grown older, I think about what this weird dude said to me..... truthfully, it is really starting to bother me. surf

What the old man meant.... was that he had the gift of intuition. He understood the human condition and thru that he understood that humans are predictable. He applied it to the herd we call the markets.

When he said "he was you, he is you, he'll be you" he wasn't talking about YOU. That was a euphemism for the herd. He viewed you as part of that herd.

Great story. I'd like to meet that old dude. Him and I would get along well.

 

[Trading Education Buyer]

In an effort to correct the general confusion about Marketsurfer's trading, market and life philosophy, I thought it a wise move to clarify on this thread. This is not a static list and it will be updated and even changed completely over time.


1. Successful trading takes far more than studying past price, price, volume or any derivative related to past price for the retail trader.

2. The past does not repeat but it can rhyme with the future but not in a predictive or consistently profitable manner.

3. Luck is a tremendously powerful force that can be used for both success and failure in the stock market

4. Embrace randomness in life. it is a sure way to find success

5. Price charts are extremely deceptive and should only be used for descriptive or illustrative purposes-- for this they are perfect.

6. Beware of Technical analysis. It is very seductive due to the way we are wired. It is only effective for describing what has happened or explaining concepts to investors who prefer pictures.

7. Look for causes, not effects when attempting to make trading decisions.

8. Price is the effect, not the cause of every move therefore "price action" and other price based methods are fatally flawed from the start.

9. Beware of anyone who says the same method has been profitable for a number of market cycles, who uses scientific words without support, who makes claims based on fatally flawed premises.

10. Trade what you think based on research into cause, not what you see as the market is designed to deceive.

To be continued.....

surf

11. Markets are always evolving. Fixed systems are doomed to fail over time. One must change with the market to make consistent profits. Change is the only constant in markets and life.

12. In 25 years of active trading from small personal accounts to a hedge fund as well as meeting and socializing with countless retail traders, I have never run across a successful retail trader who only uses charts to make decisions. Some successful traders use charts as a part of a profitable method-- but I maintain that their success is despite of the chart, not because of it due to the inherent logical flaws.

13. Learn from proven success. Do not believe any claims on the Internet or books. Success in the market and life shows itself. This business has a tremendous number of pretenders and phony educators who hide behind anonymity to fulfill psychological needs. There are real educators but they are very rare due to the nature of the market.

Great posts from a realist .No wonder he was unpopular.The forums don't like his kind.

He missed all the important points made by Marketsurfer II , the psycho analyst of traders and trading.

 

[dartmus]

Interesting. I never read this guy's posts before.
This should be good lol....

the prhase "eyes glazing over" comes to mind as I read the same material. dunno what that means but can sure feel something that leaves me speechless thinking back of all the time I spent caught up inside this huge prank.

 

[dartmus]

1. Successful trading takes far more than

just setting a new std, dbl posting,

tis not necessary to hit all the approved notes, scales and rythums when speaking truth.

I recommend the guy who posted this consider if it's worthwhile impressing anyone who would listen to him talk about successful trading.

 

[Trading Education Buyer]

1. Successful trading takes far more than studying past price, price, volume or any derivative related to past price for the retail trader.

Hang on buddy , I am selling the holy grail

2. The past does not repeat but it can rhyme with the future but not in a predictive or consistently profitable manner.

I am telling my customer the opposite

3. Luck is a tremendously powerful force that can be used for both success and failure in the stock market

You are a dumb trade TEB

4. Embrace randomness in life. it is a sure way to find success

Go cuckoo in the head ,yee traders

5. Price charts are extremely deceptive and should only be used for descriptive or illustrative purposes-- for this they are perfect.

You bought this T/A P /A course you dumb monkey!

6. Beware of Technical analysis. It is very seductive due to the way we are wired. It is only effective for describing what has happened or explaining concepts to investors who prefer pictures.

You bought this T/A P /A course you dumb monkey!

7. Look for causes, not effects when attempting to make trading decisions.

Dumb t/a p/a trader , trade fundamental drivers


8. Price is the effect, not the cause of every move therefore "price action" and other price based methods are fatally flawed from the start.


You bought this T/A P /A course you dumb monkey!

9. Beware of anyone who says the same method has been profitable for a number of market cycles, who uses scientific words without support, who makes claims based on fatally flawed premises.
You bought this T/A P /A course you dumb monkey!


10. Trade what you think based on research into cause, not what you see as the market is designed to deceive.

Tosspott is sitting with 6 screens or 8 screens

To be continued.....

surf II

 

[Mtrader]

Great posts from a realist .No wonder he was unpopular.The forums don't like his kind.

For your information: he once wiped out a fund and all his clients lost all their money. That's how good he was. I read that even a client commited suicide from all this, but I don't have any confirmation so not sure if it is true.

Strange, is that not exactly the type of people you are fighting against?

He looks a bit like you.

 

[fordewind]

For your information: he once wiped out a fund and all his clients lost all their money. That's how good he was. I read that even a client commited suicide from all this, but I don't have any confirmation so not sure if it is true.

Strange, is that not exactly the type of people you are fighting against?

He looks a bit like you.

The clients should have set a protective stop.

 

[Trading Education Buyer]

For your information: he once wiped out a fund and all his clients lost all their money. That's how good he was. I read that even a client commited suicide from all this, but I don't have any confirmation so not sure if it is true.

Strange, is that not exactly the type of people you are fighting against?

He looks a bit like you.

At least my knowledge is far superior and real stuff , I can back it all up by scientific or subjective debate.At least I say it with my beliefs and balls.

I can see why he was winding up and creating doubts /uncertainty in traders/posters and vendors with his statements .I am open to all posters , but not people who give fake promotions , misinformation , views , threads and advice based on their agendas.

Most traders come here to get certainty , help and sound debate about their trading .They don't want market surfer creating doubts and spreading doubts .