Surf Report

MrScalper · Apr 22, 2017

Mtrader said:
No, the biggest problem is giving back open P/L profits while waiting.

WRONG. Mathematically a daytrader has more potential for making profits then an investor. The daytrader can take every move within the big moves, while the investor skips a lot of non realized profits while waiting for the right moment.
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Your stupidity shows your ignorance..LOL

If you want to prove you are right, it is very easy, just post the results!

Watch the worm wiggle now

themickey · Apr 22, 2017

marketsurfer said:
Go back to being a salaryman. Pattern recognition and risk are not your forte'.
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LOL
Pot calling kettle black yet once again.

themickey · Apr 22, 2017

propwarrior said:
Surf - What is exactly your plan IF it does make new highs? Anything can happen (it's a market). I have seen and sat with people who talk in terms of absolutes and it always ends the same way badly. It's not fun to watch people implode, turn to drink, marital issues etc.

The 2 red flags in your behaviour that I have seen so many times in others are:

a) thinking in terms of absolutes - the high is in, it has to drop 1000 points, false, nothing has to happen ever. You seem to have no plan if your scenario doesn't work apart from shorting more. You are on a string of 7 losses. For god's sake do not short more when it makes new ATHs.

b) propensity to fade long term trends - it's futile and leads to busted accounts time and time again. Market Makers know this, I used to be one at a firm. Retail and other losers always get on the wrongside of trends, that's how the MM make their money alongside by managing their inventory and aside from rebates.

Even if this trade does work out for you and you bank 1000 points then you will continue to fade long term trends until you wipe out. If you want to fade moves why not fade a highly co-integrated instrument rather than something trending?

I can tell you why a long term high is very likely not to be in place. The reason is a lot of retail and weaker players have shorted in the last 6 weeks. Just supposing we are in for a big drop, the larger players collectively will not allow the price to drop until these short are liquidated. These larger players will push price to liquidate you before any drop. In the event that they get caught offside they will drive price up to liquidate their average price for a small profit.

If I were you I would just stick to the marketing business (if you are not already). Otherwise you are just throwing your money away and it could end up very badly.
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Wasted effort!

Mtrader · Apr 22, 2017

MrScalper said:
Your stupidity shows your ignorance..LOL

If you want to prove you are right, it is very easy, just post the results!

Watch the worm wiggle now
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Well I would say to you:

Your stupidity shows your ignorance..LOL

If you want to prove you are right, it is very easy, just post the results!

Watch the worm wiggle now

Spooz Top 2 · Apr 22, 2017

His deliberate ambiguity obfuscates`every trade scenario & helps him deflect every direct question.... narcissistic trait.. they believe that they are of superior intelligence.

themickey · Apr 22, 2017

marketsurfer said:
....You have never even come close to riding such a monster downwave......

Donald Trump
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Overnight · Apr 22, 2017

He is throwing away a monster profit.

I just wish he'd take some profits now, and continue his desire for the 1000 tick profit with 1-2 contracts, so if he is wrong, he'd still be in profit if the price retraces back to the entry point of 21087. Ug.

marketsurfer · Apr 22, 2017

The gonzo hate vibe jealousy is out of control. Why not just admit this is the best, or at least among the best market top calls/trades of all time?

The more of this scared bull banter posted, the greater my confidence that the public is afraid, very afraid of what's about to happen.

surf

marketsurfer · Apr 22, 2017

Mtrader said:
Surf,

why do you copy this chart from a Twitter account from somebody else? The least you could do is tell that it is not yours. Or is it the purpose to suggest that it is yours? Not really good for your reputation. But you are not the only one doing this, unless MrScalper is an alias from you too...

View attachment 173041
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The service / source is printed right on the chart, genius.

surf

marketsurfer · Apr 22, 2017

propwarrior said:
Surf - What is exactly your plan IF it does make new highs? Anything can happen (it's a market). I have seen and sat with people who talk in terms of absolutes and it always ends the same way badly. It's not fun to watch people implode, turn to drink, marital issues etc.

The 2 red flags in your behaviour that I have seen so many times in others are:

a) thinking in terms of absolutes - the high is in, it has to drop 1000 points, false, nothing has to happen ever. You seem to have no plan if your scenario doesn't work apart from shorting more. You are on a string of 7 losses. For god's sake do not short more when it makes new ATHs.

b) propensity to fade long term trends - it's futile and leads to busted accounts time and time again. Market Makers know this, I used to be one at a firm. Retail and other losers always get on the wrongside of trends, that's how the MM make their money alongside by managing their inventory and aside from rebates.

Even if this trade does work out for you and you bank 1000 points then you will continue to fade long term trends until you wipe out. If you want to fade moves why not fade a highly co-integrated instrument rather than something trending?

I can tell you why a long term high is very likely not to be in place. The reason is a lot of retail and weaker players have shorted in the last 6 weeks. Just supposing we are in for a big drop, the larger players collectively will not allow the price to drop until these short are liquidated. These larger players will push price to liquidate you before any drop. In the event that they get caught offside they will drive price up to liquidate their average price for a small profit.

If I were you I would just stick to the marketing business (if you are not already). Otherwise you are just throwing your money away and it could end up very badly.
More...

Thanks for a quality post.

Of course I will close the trade before i am at break even. I'll let the market tell me what to do and when.

Smart analysis on your part but My system says you are 100% wrong.

Time will tell!

Peace,

surf