that's the weird thing. you get married and your car insurance premium goes down because you are considered more "stable". with Surf it's all upside down. imagine the trades he is gonna attempt once he gets a few kids running around the house.
Just a quick accounting here. Assuming Surf manages to close the position around 1300, the Journal would be up app., let's see: 15 + 13 + 12 + (32.75 x 4) = 170 points per unit Where a unit is 6 cars....
There have been several accounts of people taking all their money, something like $200,000 or $300,000, to Binion's Horseshoe casino in Vegas. And putting it all on "Black". One spin of the wheel...win or lose... Sometimes they won, but is it a good idea? I really hope Surfuer never tricks anybody into letting him "invest", or "trade" their money. But ya gotta say Congrats for now. WTG Surfy.
His prediction method started to sell early and (I think) got additional signals of a "sure thing" later. He decided to pile in right there at the "sure thing" and hope for the best, and he got it right. 1-His prediction method can be improved. 2-His tactical implementation of the strategy can be improved. 3-His trade management can certainly be improved. 4-His risk control is nonexistent or very poor. If he keeps this up, he will likely blow the account. Luck is more important than skill over the short term. Just observations Surf, it is what it is. I hope you make a bundle, write a book of your comical stint as a trader and sell a million copies of the book. Nothing personal. Let's keep it between us, as Doctor-Client confidentiality thing.
Could you update us on what you're doing with the short from 1305? We're trading about 1312 as I type. What is price action telling you? OldTrader
After it traded down to 1295.75 at 6:30 this morning I put out a 1300 Buy stop. Got filled at 1300 at 6:47 a.m. Sold half the position at 1308, and still have the rest going to trail it up.....worst case scenario I will take the other half off for 8 handles. I don't usually post what I do, but since you are so concerned with my trading account I felt obligated. Also long some Crude at 97.40, but it's not really doin much. If it cracks 97.30 I'll take a tiny hit.
Holding, there has been no change in the price driver calculations. Expect bounces as the naive' continue to buy the price dips. Surf