The Surf Report

of course, after.

surfer

 

i agree about the cashless society, but it is my thought that it will not be CREDIT, but rather debit based.

surfer

 

Surf,

Debt is what you voted for in the last election.
See the US position in 5-10 years.

 

Good call. Good luck.

 

thanks. holding here.

surfer

 

Marketsurfer,

Are you giving a tutorial on how to lose money in this journal? How long do you plan to hold on to this losing position? What are you like 300 pts in the hole now? And isn't this trade just a few days after you got smacked on another short trade? Why are you letting your short bias control your trades?

You said entering this last trade that you got stopped out twice before finally getting an entry. Well those stops must have been about 20 pts wide or so. But for some reason, you didn't get stopped out on this trade when it's gone over 200 pts against you? What gives? You need to have a firm set of rules that you follow. You say you have a system but it seems all to subjective to me. You seem to be calling the shots and they seemed to be 100% based on emotion. This is surely the quickest route to the poorhouse.

You know this market can run another 500 pts. Why aren't you long? And you said many posts back that your system is designed to catch really big moves. Well let me ask you an honest question here. Of this 900 pt move we had in the Dow, how much of it did you catch? Make sure you net out all your losers. I'm guessing you didn't get more then 20% of it. Which is ironic for a guy that claims he has a system to precisely catch these long extended moves.

Anyway, respond at your leisure.

 

I think he makes up the losses on T-shirt sales rofl

 

hello jack,

nice to see you here . the systems exits are somewhat discretionary once profits are reached. please see post on 12.7 when i entered short twice then entered again for the 3 rd time and caught a nice move down. yes, i gave back much of this move today, taking small profits before the DJIA went back into the channel. my goal is to catch one maybe 3 big big moves a year--- did i screw up when i held the last short into fat losses, did i circumvent my own system based on faulty "data" from some quants?? the answer is YES. am i proud of it, NO. am i perfect? NO(far from it). does the system work? YES. do i sell lots of Tshirts-- more than i thought i would LOL !

good night,

surfer

 

system fired shorts at channel break. see chart. we are short here.

surfer

 

back flat. will simply trade mechanically off the chanel line untill profits or systems parameters are reached. parameters allow 5 trys.