Surfer Alerts

Agreed. I see that Surf has admitted to an overly aggressive ego which has gotten in his way in the past but I've seen little evidence that he is actually trying to tame his demon. Until he makes a concerted effort to do so, I believe he will continue to experience the boom and bust vicious cycle that so many traders find themselves in.

 

You'd think so wouldn't ya.

 

Perhaps he has.

Perhaps this gold trade is a 1 lot.

He wont tell us the size??

 

I think Surf has a point - that lots of small trades capture less than just one long term move, and that allowing oneself to get shaken out will virtually guarantee losses.

If one goes with the long term trend & fundamentals, and fades the range for entry / exit, I think it can work. One thing that I have found to NOT work is buying breakouts, as we see in gold. The latest bounce is a "classic" spike fade setup..... (TA)

 

He won't even tell us his exit point of his last YM loser. I guess it's not that kind of journal.

 

Exactly! some of these guys are like video gamers or something-- trading takes paitence and sure you are going to have losses--- risk is a requirement for rewards-- cut your risk and you also cut your rewards. surf

 

This is probably the funniest statement you've made to date

 

Sounds like a license to gamble!

If you had better timing, you'll still have losses but they will be smaller and you can still enjoy the same upside. I know this is much harder when you hold overnights and this is precisely why I daytrade.

 

you also "cut" your blowups. which is the whole point of controlling risk.

 

This is a great link, thanks.