Surf's Special Situation Journal

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

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  1. At this point in time my schedule makes me not well suited, but I wouldn't say I personally am not well suited for the business. Just because I work full time, go to school, and have a wife and child does not mean I am not well suited to trade. Just a lack of spare time.

    I might have taken the "well suited" part wrong on that though idk...
     
    #901     Oct 3, 2012
  2. C'mon, so the trade you use as some sort of proof of concept is now abandoned? wtf. NONE of those price points are mentioned until now.
     
    #902     Oct 3, 2012
  3. NoDoji

    NoDoji

    You are right, he is not in a position to be a full time trader and that's why he's a student of the markets at this time.

    Intellectually, he appears well suited to trading, IMHO. He picked up both basic and advanced technical price action concepts very quickly.

    Real time trading is a whole different world. That's where the ability to follow a plan protects you from big losses and tallies up consistent profits over time. Only time will tell with regard to that.
     
    #903     Oct 3, 2012
  4. NoDoji

    NoDoji

    Sorry, I assumed that since you follow me so closely, you've been following me closely for a while and would know by now that when trading with the trend I don't initiate a position during a pullback until price turns and breaks a previous bar's high/low back in the direction of the trend after coming close to, or testing, a key S/R level (trend line, previous S/R, or 20EMA).

    Some trend followers will average down during pullbacks. If I traded that way, then entering a short on the day I posted the target levels would be OK if willing to take heat all the way back to the 20EMA, maybe even a bit further.
     
    #904     Oct 3, 2012
  5. hey no fair surf on the clever language - as far as I can tell, his own issues with the platform / front-end. Was rooting for him. He will be back when they go NT.
     
    #905     Oct 3, 2012
  6. I only follow you when we share a thread. Sorry, I can't let it go when someone states something as off the wall as your alkalinity argument. All I know of your method is that you trade CL and stated in a thread that you earn 9-10x annual in CL. My guess is that you're pot-committed to the Brooks' Hale Bopp method of trading and divinity and now have to BS your way through.

    I suppose that it's a extremely remote possibility that I am wrong. Would be the first time, however.
     
    #906     Oct 3, 2012
  7. NoDoji

    NoDoji

    I don't even know what "9-10x annual" means.

    I did once make a point that an experienced CL price action trader can easily average 40 ticks a day ($400/contract less comm/slip), and since one need only have a $10K account to trade one contract, that someone with a $10K account could generate close to a $100K annually. If that's what you mean, then yes I said that, and I stand by that.

    Would you like me to share the magic secret holy grail with you, or do you prefer that I compete in the combine first and prove myself before you give me permission to do that?
     
    #907     Oct 3, 2012
  8. Do whatever you like. I am here for the entertainment. I sincerely doubt you are year-end profitable, let alone this 10-100k nonsense. You can keep the Grail, but thanks for the generous offer. You've already begged-off on the Combine, so I don't quite get the tease.
     
    #908     Oct 3, 2012
  9. NoDoji

    NoDoji

    Understood.
     
    #909     Oct 3, 2012

  10. prove these guys wrong..post a few trader p/l and really show these guys.

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=233960
     
    #910     Oct 3, 2012
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