The Surf Report--part 2

Discussion in 'Chit Chat' started by marketsurfer, Mar 2, 2011.

  1. Double up? 92% odds is almost a sure thing.

     
    #1041     Jun 21, 2011

  2. Yes, down by the end of the day. I am not doubling up as ( unfortunately) I am max size right now.

    Surf
     
    #1042     Jun 21, 2011
  3. At least you have a sense of humour.:cool:
     
    #1043     Jun 21, 2011
  4. You ever try scaling in? Seems that, unless you're finding yourself timing the mkt perfectly more often than not, it might help to enter in pieces as opposed to one shot.

     
    #1044     Jun 21, 2011
  5. Yes, I agree. If you follow the surf report part 2, you will see that scaling in is my prefered method. However, at times the odds of a move and other factors make going all in the prefered method--- hindsight is 20/20 regardless. I am early on this entry, although still confident in my analysis.

    surf
     
    #1045     Jun 21, 2011
  6. Surf,

    Stop on this one?
     
    #1046     Jun 21, 2011
  7. Ok, I didn't know you also scale. I guess if odds are that great why wait to scale in...you might miss the move that way.

     
    #1047     Jun 21, 2011
  8. Exactly. However, in retrospect, the system called 92% down by EOD today, therefore scaling in initially made more sense even prior to the entry. My mistake. Still battling that greed thing, even after all these years....

    Surf
     
    #1048     Jun 21, 2011
  9. Just curious. Have you ever added to a winning position?
     
    #1049     Jun 21, 2011
  10. No.

    I believe that is a dubious move for the following reason:

    If you add to a winner, when it turns it will cut you twice as fast taking your gains, therefore in MOST cases its self destructive.

    However, as you know, those who live in the past such as pretty chart painters, would of could of should of folks and others who use pictures of the past to trade can show example after example of the advantages of adding to winners. In the present, things are far different.

    surf
     
    #1050     Jun 21, 2011