The Surf Report

As usual, no clue and ass backwards

You don't need to call the market to make money. You just need to be responsive to what you see. Unfortunately, YOU don't get it.

And back to the topic. You know MarketSurfer, if instead of trying to call tops and bottoms, you took a moment to;

1. Get oriented to market imbalance
2. Identify a specific trigger
3. WAIT for that trigger to get hit

Trading would be a much different experience for you.



Regards,
Steve

 

JimmyJam wrote:

Really? Wow are you dumb. (btw: it's spelled 'exactly')

Also -- there was a thread where Steve46 called live trades -- probably a year or two back -- and he did fine.

 

Yeah, yeah, yeah.

This guy is looking for a podium to pontificate from with a sign underneath it that says, "my way or the highway". Thing is, I don't know why he keeps directing his posts at me, I couldn't care less about what techniques he uses, I have my own and they're consistently working for me.

Jimmy's latest call

Once again, if he started a thread the nOObs would flock to it, then he could be extremely happy, well actually, we both could be happy ... he'd have people to listen to'em and he'd be so busy with the it that he wouldn't be able to bother anyone else!

JJ

 

Actually, I don't need to convince anyone of anything

I am suggesting that instead of continually losing, you might want to try something else.

I am just as happy to see both you and MS stay right where you are. If it works for you, go for it.

Good trading to you

Steve

 

Soooo, back to trading.

The method can work Suf, but it's going to have to be with:

1. very controlled leverage and;
2. using profit objectives to close your trades, not protective stops.
3. You also need a good position sizing algorithm which will give you plenty of room to work with as a trade moves against your original entry, which of course, it will, because you are counter-trend trading.

If the futs are too heavy, consider using any of the many ETF's in the market for the retail trader.

Jimmy J

 

Thanks, JJ. Yes, you are correct--- i became totally over confident in the analysis putting on too large a position. had i even followed my own system( top/bottom catcher) , i would still be in the trade. furthermore, the channel system---- i dont even want to talk about that, but suffice to say, this would have been my best year ever.

here it was, handed to me on a silver platter(on several occasions), and i blew it. still evaluating, be back to the game soon!

regards,

surf

 

Interesting report on IBKR valuation and the guy has chutzpah to insert his own ad in the middle of his dissertation. Nothing negative intended. Do you recommend this platform, btw?

 

thanks. yes, i use the platform. one thing i like is the direct access to platform designer, he's a very skilled programmer, and he is open to adding one's ideas if they make sense.

surf

 

Missed by 20 pts....

When countertrend trading I suggest waiting for the maximum possible entry so your risk is always way less then your reward. It also allows for you to know when your wrong right away rather then getting chopped up and then see it go your way once you cant take it anymore. Nothing hurts more then that. Even if you are still in the trade you will end up taking profits to early due to the pain you suffered. This is my experience trading tops and bottoms for awhile and I am sure you understand where I am coming from.

If you are ever thinking about going for the homerun it wouldnt hurt to get my input. I am not trying to say I am amazing or anything but I have called a lot of the major declines to within a point or 2 before the fact the past year on here. Other peoples insight could help with your strategy and keep you on the right side of the market at times.

Best Regards,
Apex