Surf's Special Situation Journal

Discussion in 'Journals' started by marketsurfer, Aug 4, 2012.

Thread Status:
Not open for further replies.
  1. DblArrow

    DblArrow

    Looks good?

    Now I know you have not looked at the chart - so your price driver says this is a good place because "it looks like a good trade"?
     
    #1041     Oct 18, 2012
  2. No chart, brother, the big buyer on the way,,,,,,, indications that the selling here is light and without legs-- be patient expecting pop near close, holding

    surf
     
    #1042     Oct 18, 2012


  3. Short SAN @ 7.82, stop $8.00, target $6.50


    (not actually making this trade, but it's not going up)


    Also, short GOOG @ 690.00 breakout, add to short @ 720 (avg $705), stop $780, target $525

    $75 risk, $180 reward
     
    #1043     Oct 18, 2012
  4. I take it these are outside of your objective TA system trades and you are just fading me? surf:confused:
     
    #1044     Oct 18, 2012

  5. no I am not fading you
     
    #1045     Oct 18, 2012
  6. The stock has at least another leg short (resumption). Not saying 699 won't be reached before the resumption, as the day ended in a pennant (lateral). The least risky tactic would have been to enter short on a BO+FBO on the pennant above 701. If you get a gap up above the pennant tomorrow at the open, I would reverse short and play for a test of today's low. If it gaps down...well, that's the risk you take for trying to catch a falling knife. In any case, we all know this is either a paper trade or you bought maybe 1 share of this stock.

    Out of curiosity, do you pick up the entire tab for everyone at your Surf Fest? The money definitely doesn't come from your trading.
     
    #1046     Oct 18, 2012
  7. Thanks for the suggestion. I'm sticking with my trade. Re surf fest-- it depends on the year and how I have done---- generally I'll buy the first few rounds, cigars, cover charges, then when those funds are tapped, attendees are on their own.
     
    #1047     Oct 18, 2012
  8. 1. Good luck with the trade.

    2. That's fairly generous. Considering you open your event to strangers from this site, I give you credit for having a lot of class.

    Cheers.
     
    #1048     Oct 18, 2012
  9. Thanks, I enjoy it!

    surf
     
    #1049     Oct 18, 2012
  10. cornix

    cornix

    Surf, you're so consistent that after your recent confessions I come to conclusion you intentionally post certain calls to attract as much traffic as you can and in reality you probably trade... differently.

    Am I right? :)
     
    #1050     Oct 19, 2012
Thread Status:
Not open for further replies.