The Surf Report

third

 

Actually, while they're certainly creative and different, it would be nice to see a running tally, whether it is with real cash or paper doesn't really matter.

This way any readers could see if you can actually make money trading in this fashion, or, if not, how could it be worked to make it more profitable.

Otherwise, it's good for a diversion and Surf seems to be a pretty genial guy, so we get a few chuckles.

JJ

 

All the believers, riddle me this. What happened to his "hedge fund"? An oil short from $75 is easy when it's a message board "call". I'd just love to see if there was even a trade placed at those levels.

 

Funny how you changed your tune. I thought you were part of the Marketsurfer "jock riding" club. Oh, let me guess, you finally figured out he was a paper warrior with a fantasy hedge fund.

You guys want to know the Marketsurfer "formula". Fade any strong trend (on paper of course). Average down on these trades until you get a small breath of life. Then come onto this journal and claim "Victory!". Of course, occasionaly there will be a large hypothetical victory and he will claim he is still short (aka oil). However, riddle me this. With the martingale on that EUR/USD debacle last summer, who in their right mind would believe that the oil trade had even 1/5th the size of that horrendous EUR/USD trade.

You guys just dont pay any attention to details whatsoever. It's clear as day to anyone with a clue.

 

My point exactly. Of course, I am sure MS would claim that he uses variable position sizing, and for some reason the YM shorts in the last six weeks were small size but that legendary oil short was done risking 25% of the account "since the retail trader only has a chance against the professionals if he is willing to risk much more"....

Doesnt mean anything if the 5th short in a rising market finally works out... by that time, your goose is cooked.

 

That is something that mystifies me- perhaps naive: why would one make up aliases unless banned

To argue with yourself?

 

He also bought F under 7 right before it ran to 9. But no one wants to mention that either.

 

He was short around 75, and had a stop at 81 from his words. So he risked 6 to make 20.

 

That is a 3 R win. Not bad, nothing earth-shaking. Especially if you take series of 1R losses in between... basic math?

 

What losses ? That was his trade, he was patient and damn near nailed the top while everyone was geting murdered shorting QM during that run up.