How is this contest not fair? If they both trade intraday, why not? I don't know too much about how Marketsurfer trades (perhaps he doesn't trade intraday, then you would be right I guess), but one thing is for sure: if someone claims that you do not have a valid methodology, what better, no-BS way to answwer that than to say: "OK. Perhaps you are right. So why don't we both trade side by side and find out?". And, if I lose, I put a lot on the line: the ad in the Wallstreet journal, the money etc...quite high stakes, don't you think?
Well Ive been watching both for quite awhile. I have seen a lot of Surfs trades and he makes most of his money on large trades that often last for days. I havent seen too many of Profs trades but the ones I have seen were intraday and it is my impression that he is basically an intraday trader. Its apples and oranges, imo. p.s. In the ego contest it is a draw.
How about this: If they both make money, they should share the profits with us for our encouragement/ contributions. If they both lose money, they can keep contesting by starting again say every month.
Mr. Dow (Charlie) My comments were not directed toward you. They were aimed at the person writing the post directly above mine. The "name calling" (guilty as charged) and whatever else you object to were not aimed at you either. I don't have an opinion as to anything you have said. Sorry you took it personally. Steve
For sure we are very different!!! Why not quit this needless banter (ie. "moron"). You see our difference is noted by our orientation. It's that whole overlap thing I posted about earlier. You see that what I do and you do must overlap what you do when it is clear that we have ZERO overlap (ie. 3 possibilities, overlap, no overlap, partial overlap). You say, everytime I put on a trade I predict otherwise I am just reading what happened in the past... Perhaps you are not seeing the fine line I make between predicting and not predicting. AGAIN. The forecast analogy. So when is a prediction no longer a prediction. Well it is no longer a prediction when it is happening as we speak. We don't hear weather man say that the forecast is that it is raining right now. That is not a forecast/prediction. The dictionary defines prediction as a prophecy (ie. something that is going to come to pass). As you see things, as you have indicated in your post, you only see 2 perspectives, and I am presuming that you have not seen that there is in FACT THREE!!! The past, "THE PRESENT", and The Future... You mentioned past and then future in terms of prediction. So with the forecast analogy, you can see how I am always in THE PRESENT (ie. NOW). Well, how about some technicalities. Well, for one, we know that there is uncertainty in the future. The furthur you move out into the future, the greater the uncertainty. Then there is the past, there is no uncertainty about what happened in the past. But what of the present. Well, we know for a fact that there isn't any uncertainty about THE PRESENT either. It just takes a glance out the window (ie. what's the weather RIGHT NOW). The problem is largely that we all have different windows as dictated by your trading chart. There is a multitude of setup combinations and therein lies the issue regarding whether there is any accuracy in what your reading and subsequently, your trading. Someone posts that their charts show that we are in a long trend and someone else with a different chart setup says the trend is short. Which of the two statements is accurate??? This is where we wind up with the trading environment ordeal. However, if you are not interested in the present, then you get stuck in trying to identify the future (ie. predict). And since you post that their is just the past and future, how is it that you could understand that the continuation of the present is more certain than the future you are trying to predict especially since the uncertain future is continually scrolling into the present and then the past??? EEK... The problem with your second statement is how you understand traders approach the market (ie. another ZERO overlap between us). But again, as long as it is raining, I have my raincoat on. With regard to the thread, as long as the trend continues long, why would you want to predict when to go short. All you need to do is recognize that the trend has stopped continuing to be long... IN OTHER WORDS, LOOK OUT THE WINDOW... MAK!