marketsurfer
Registered: Apr 2002
Posts: 5444 |
08-04-12 08:10 PM
This journal is meant to continue our work from the surf report and surf report part 2.
As you know, traders were recently presented a special situation with Knight Capital--- we saw the situation set up, posted the trade prior to the fact and have profited handsomely in a strongly positive odds entry with limited downside. You can see the record here
http://www.elitetrader.com/vb/showt...156#post3589156
As demonstrated, We wait for special situations before entering trades therefore trading recorded here will be not on a regular timeline. We wait patently, then ponce on special situations. Obviously not every entry will be a winner but every entry will have strong odds of success and a huge positive expectancy, otherwise we stand aside. We trade stocks futures and currencies in an agnostic fashion driven purely by opportunistic special situations. I'm not here to argue with you or debate the facts. If your system works, demonstrate it before the fact in your on journal. Otherwise it's just woulda coulda shoulda
With charts of the past. It has no value.
We don't believe in TA other than to describe what happened and to pinpoint entries-- after the price drivers/ book( stocks) special situation has determined directional odds therefore our bias for the entry. What we are presenting is entirely new to publication--- enjoy the journey! From iPad on boat, so forgive spelling and missing letters. Thanks! Now back to the fish,,,,,,
Surf
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