The Surf Report--part 2

I know BS goes a long way towards keeping a job. Look at Obama...

 

Fortunately, the trading hobby has been self funding for awhile.

Prior to making my financial market interests pay, I owned a small (non financial, non internet ) publishing company.

surf

 

I don't disagree.




RIP Ryan Dunn

 

Since there isn't a hope in hell to make you a trader, I thought I'd help you on the page views...

Believe it or not, there's an army of people hanging on to every word I print. Even the prepositions.

 

Saw the Ryan Dunn thing earlier on Tv. Too bad man. He was a hilarious dude. Unfortunately it looks like there was drinking involved.

 

We are going to try the SHORT shot again with 10 ES september @ 1274

surf

 

I started with 25k (to trade with) and had enough income saved up to live (very) frugally on for a few years at most. My wife (g-friend at the time) was making a nice living so that helped on the relationship front.

I started trading VERY SMALL and that was after spending months doing nothing but watching. I basically treaded water for 2 years; I could have EASILY blown up multiple times but I really didn't try and push it before I was ready. 10 lots back then would have scared the absolute piss out of me, back when I was, I guess, in hobby mode like you are now.

Like with most everything else, you spend enough quality time doing something, you gain a better fundamental understanding of it and, from that, comes the ability and confidence to trust that your developing skills are working. From there, the size of my trades increased as did the precision of my entry and exit points. All trial and error of course, but all the while sorting through trades that worked vs ones that didn't and finding correlations that I could separate out and quantify. Again, more precision and work and, eventually, I had a concrete and precise system that I trusted and could follow without hesitation.

Also, I've already had several other ET'ers read this story (when I posted to you last time on this subject) and comment that their experiences mirrored mine and so that should lend some credence to the fact that my story is not that unique, others out there have been able to have success by taking the slow and steady approach.

PS I have 2 other fellow trader friends that never come here to ET yet they are very good short term traders so you should know that others exist out there beyond the people you see posting here.

 

You'll puke before the gapup-n-go tomorrow... or during...

 

You are wrong.

I place the odds at 92% of a down close tuesday

 

<b> Who Made What </b>


International Paper (IP) made a $3.3 Billion hostile bid for Temple-Inland and Temple-Inland (TIN) went up 40%. Several hedge funds were betting on paper companies earlier this year after Rock-Tenn (RKT) announced to acquire Smurfit-Stone Container (SSCC). Here are the hedge funds that made a bundle on their Temple-Inland bets:

1. Doug Silverman – Senator Investment Group: Made $44 Million

2. Jeffrey Altman – Owl Creek Asset Management: Made $25 Million

3. Ron Gutfleish – Elm Ridge Capital: Made $23 Million

4. David Tepper – Appaloosa Management: Made $11 Million

5. William Michaelcheck – Mariner Investment Group: Made $8 Million

6. Mark Kingdon – Kingdon Capital Management: Made $6.4 Million

7. Chuck Royce – Royce & Associates: Made $6 Million

8. Clint Carlson – Carlson Capital: Made $5.6 Million