Surf, what about the other stuff you traded using price drivers? I seem to recall CL and YG? I think it would be more appropriate if you included everything.
Thanks, Rod. I was surprised that ms rimes would call today's before the fact timing poor. Very odd, it's almost like they are controlled by TA or something. Hindsight bias got their brains.
noooo...I didn't say timing on this call was poor...just responding to YOUR statement that your timing isn't always on. Anywhoo not being a troll at all...just stereo Donna's all in good spirit.
Also, you seem to cut your winners short and let your losers run. So how many "winners" you have is irrelevant to making money. The lack of a trading plan is the reason. Go ahead, post your stop loss and exit strategy on your latest short. Surely you have them ? Its confusing when you post the reason you take a short is you expect a 30-50% crash in markets short term but then cover your short far short of those targets.
Short term experiments applying the PriceDrivers to individual commodities. It doesn't work as there is not enough inputs to create a compelling picture of future price. surf
Fixed stop losses are like giving money to the market. The picture shifts everyday--- I don't trade to eek out a living, I am only interested in big wins. I am not a video game playing day trader who is happy with $xx0 per day or whatever. The market is still going to fall substantially before it takes out the all time highs again. The way I trade this decline is irrelevant to my forecast. Holding shorts here. Surf surf
looks like he didnt mean any harm, but given your past run-ins with TAbrigade members can see why the radar is always on alert./ When one internet icon after another comes toppling down, the devoted followers have no one else to take out their frustrations on but the guy who tried to warn them in the first place--- you. Yet another example was seen in the case of your recently banned stalker. Under one alias he told you he was daytrading for a living from home since the 90's, and under one of the other ones he's on record here on elite as a failed Hersheyite. I used to believe those tales of at-home superstars, I still try to keep an open mind but am much more skeptical now. Good luck on your short!
Thanks, ol yella. Yes, most of these folks mean well-- they are just under a very strong delusion as its supported by wins and the losses are forgot about or they just simply stop posting. Like the thread that purports to prove TA here, the guy keeps saying he is up 4%, but when you add up the numbers, the account is negative. Remember, a 50% drawdown, takes 100% returns just to break even- surf
Surfer trades completely reactionary. There is no strategy here. Just reactionary guessing with no rhyme or reason. If you believe 10k Dow why are you closing positions? Why aren't you adding? Oh I know - so you can say you were 'right' on the forecast but not on the position. In all likelihood, You are not even trading. This thread is hilarious.