You must be mistaking me for someone who actually gives a shit. There is nothing I want to know about how you trade. I just want to know if all your self-aggrandizing chest-thumping has any basis in fact. That is where my curiosity begins and ends. As for your "commissions and fees," I imagine they are relatively quite minimal since you enter and hold for the most part, regardless of where price may actually be headed. "Courage of conviction" and all that.
He's afraid someone will figure out whether he throws the spaghetti over hand or underhand when he flings it against the wall to see what sticks.
That would be my guess until he shows otherwise. It is, after all, his journal to maintain and convey. I suspect that the overhand system is distinctly unique from the underhand system, with the choice being market-dependent. Our surf is nothing if not dynamic and in tune with each and every contributing market variable. I know this because he said so.
This is a Sisyphean endeavor. Surf has no interest in the common reasons for having a journal here: public feedback, bolstering self-discipline, accountability, or even to revel in the success of good trading. The fact that he holds court over a harem of sockpuppets to sling mud from the shadows while truckling to salesmen should make that clear. He's just an advertiser/shill ("journalist") with a self-esteem problem who fawns over the superficial trappings of money -- someone who identifies well with the gamblers and deluded that comprise the target audience for Covel's material, which entreats you to "Learn to Make Millions in Up or Down Markets". The three parties here, including Rodney, seem to recognize that more flies flock to excrement than value. Trolling is advertising at ET. The polar opposite -- what defines actual professional traders -- are people like Readen Metal, lescor, wrbtrader, etc. Just people with integrity who do what they do. Asking a shifty salesman to hold himself to a higher standard just feeds into his complex.
So ED THORP ED SEKOYTA Trend traders who use technical analysis (ADVANCED MATHEMATICS) on their trades over decades of winning is doing nothing more than guessing. Surf you just lost me on that one 2 + 2 = 4 when 4 stops being the answer I might stop using technical analysis and I might stop looking at trends.
Thank you for this post especially the part about asking a shifty salesman to hold himself to a higher standard..... and the main purpose for keeping a journal...... To not know how many trades you have taken and if your net positive or not is like a kid not knowing how many toys he has in his toy box and just playing around with them when he gets the urge to. I DO NOT TRUST KIDS WITH MY MONEY. Ego - Illusionary self worth to hide the fact that they don't really know.
Technical analysis is not advanced math, it's the visual interpretation of chart patterns and volume. I guess The Eds are simply examples of survivorship biases. Someone has to be at the top of every game. By the way, please keep in mind that there is much going on behind the scenes with the surfer haters and the reasons for their gonzo hate vibes and stalking type behaviors. Some are vendors with dubious products who are afraid they will be exposed, others owe me money, still others are simply jealous of whatever. Peace Surf
Technical Analysis can be as simple as open, high, low, close and as mathematically complex as the designer math ability. A quant (phd mathematician) that uses technical analysis is advanced math.