Surf's Special Situation Journal

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

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  1. cornix

    cornix

    Master or not is very easy to tell: are you a consistently profitable trader? :)
     
    #1521     Oct 30, 2012
  2. cornix

    cornix

    Let me guess? And you wanted exact instruction to immediately start making millions without any efforts? :D
     
    #1522     Oct 30, 2012
  3. DblArrow

    DblArrow

    And the truth comes out....

    "You didn't give me a setup, and teach me how to do it."
     
    #1523     Oct 30, 2012
  4. Of course. You must have a huge sample size of trades...anything under 1000 trades may be inadequate. So for automated swing trading, you need a huge amount of daily bars to make this happen.
     
    #1524     Oct 30, 2012
  5. This quote here just shows how deluded you are... Making millions...??? Off of what...? Your retail account...? HAAAAAA!!!:D


    Instructions...? From you...? I'm having a hard time believing that you're in touch with reality...

    No buddy... Just wanted proof that your TA works... like I said... Take us through a trade in real time if you dare... I did... Off of TA and everyone could see the result... I honored and did exactly what I said I would do in real time with pictures and a live call...

    Let's not kid ourselves here... Nobody could predict the sell off in USDJPY as it happened off of TA... If anything TA was even more bullish showing several "bull flags" on lower time frames... Now we can add more of your indicators... and you still won't get the reason for the sell... There were relevant news released at that exact time...!!!

    If the news had been USDJPY bullish that pattern would have completed and worked out. BUT it wasn't...! So the pattern failed...

    Can you say... UNPREDICTABLE...!!!!?

    Check out another "bear flag" fail...
     
    #1525     Oct 30, 2012
  6. There's no such thing as a "set up"... in trading... The only "set up" here is having retail traders pay money to be taught how to "trade" and having them lose their money on the market. TA was invented by the brokers and the educators... DUH...! When are you guys going to wake up to that fact...?
     
    #1526     Oct 30, 2012
  7. I'm going to give you guys an example... Just remember... It's not my job to educate you and I make no claims as an educator. That's for the shills... No I'm going to give this away for free...


    EXAMPLE:

    TRADER VIEW

    XYZ stock trades to 49.90... with really bullish patterns...! At 49.99 a massive sell off takes place taking the stock down to 48.90... Traders everywhere are stunned. They say stuff like... But... "I thought it was bullish... etc..."... One guy with a smile on his face contradicts them... "No way... I knew 50.00 was an important psychological resistance level! I made a killing today."

    REALITY

    Mr. Goldstein a Swiss national and majority holder in XYZ died while skiing in the Alps... People noticed his death but the stock kept going up wiping out the shorts... Around the time of the sell off... Goldstein's inheritors walk to their fund manager's office demanding that the assets of XYZ be liquidated and the funds kept separately until they're divided amongst themselves... The inheritors had no intention of following in the business...



    So... You can see the difference between the reasons behind a real move and coincidence. 49.99 was not a real "psychological" level... It was just the price that the inheritors sold at... Anyone who had that informaton could have made a legitimate killing... The trader who sold 49.99 off of resistance was just guessing... He got lucky...!

    This is more or less how the market operates... Now the lucky trader will go on to make more money writing about how he made a ton off money off of TA and giving seminars... With one small problem... He will mostly fail at repeating his previous awesome feat... In fact... the rest of his trading career will show a downward slope but he will still have that story!
     
    #1527     Oct 30, 2012
  8. cornix

    cornix

    To not spend your time and efforts: what you hope for is not going to happen. If you politely asked then maybe... but you missed the chance. Oops. "Buddy". :D
     
    #1528     Oct 30, 2012
  9. I didn't miss any chance... There was no chance there to be had.

    THE SECRET TO TRADING: Duh... There is no secret to trading...!

    There are no set ups that work reliably... Gordon Gekko gave it all away in Wall Street... "The most valuable commodity I know off is information!"... You and I can't get to it... We're not inside and we don't do enough size to affect the outcome! Retailers have no chance except by gambling on a negative sum game.
     
    #1529     Oct 30, 2012
  10. cornix

    cornix

    Before you educate us: are you a consistently profitable trader? Last time I asked (about an hour ago) you didn't answer.
     
    #1530     Oct 30, 2012
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