Surf's Special Situation Journal

Definitely Surf is not interested in revealing the truth, but is interested in scandalous argument... how typical of journalists nowadays.

 

I almost never have a losing day.

 

Maybe that's the case for them, for me cutting losses short is one of key elements of profitability.

 

I think some days you can do this, other days you can not. I don't believe its "steady".

Do you truly believe you can make a consistent $400/day on a 10k account by reading price action?


Do you never lose? I think you forgot to consider inevitable losses.

surf

 

I'm done with this thread

you really don't get this game.

 

Surf,

Regardless of amount of money the trader has, you trash most other methods. That's the part I am talking about. Yes, the 2 lot guys who claim to have made millions are ridiculous...agreed. But my issue with your comments is that TA/Price action trading is useless. Especially since many HUGE traders have made a fortune using it.

Add in the fact that your trading on here has been below average at best....well.....makes your comments that much more ridiculous.

 

I think Austin did fantastic-- he certainly put me to shame in performance.

BUT my question is--

Why did he lose his shirt trading soybeans with TA, but did very well with oil? Ever think for that time period, runs after the entry were greater in CL than beans--- it could have easily been reversed therefore I believe his success can be attributed to the instrument and strong money management skills-- had it been TA, beans would not have been losers-- TA clearly failed here-- ask yourself why and you will find the answer that i already know. surf

 

I don't believe those who claim to make $400 per day consistently on a $10,000 account and almost never lose. Do you believe these kind of claims? surf

 

Stop losses/proper risk control is EXACTLY what seperates great traders from the ones who fail. Look at yourself....if you had any kind of risk mgmt those horrible losses you took (JCP) would have been much less and easily offset when you had a winning trade.

Your above comment belongs in the moron hall of fame.

 

Whoa, for you to say this makes me question whether you know anything at all or are just another ND type pushing product, PMA or trolling the surf report for followers ---

Why don't you argue with these morons:
academic
http://works.bepress.com/bruce_vanstone/15/

TA guru
http://www.thepatternsite.com/CanStopsHurt.html

http://snaptrader.blogspot.ca/2010/10/stops-can-hurt.html