Why Is The Obvious Not So Obvious?

Quote from ammo:

in one post you have stated that there are no experts and at the same time you tell most replies that they are wrong implying that you are a wiseman,(wisemen never imply),jj's deductive reasoning would find this self incriminating,i would agree,you are fooling yourself,the ego is at best a clever fool,you sir ,have proved yourself foolish and human at the same time,part of the problem with being a trader and seemingly self fulfilled by making a larger income than most of the working stiffs out there is that you have found a way to beat lifes pitfalls,this is quite a way's off from the truth,dream on and think you have found the answer,life will remind you as it does all of us,the obvious anwer is that there is no obvious answer and that in knowing this staying humble,,the ever changing horizon,will keep us young and ever searching,your pretending has made it obvious to most,and i hope to you,one of lifes secrets is to never assume you have it figured out,at this point,you have stopped learning and become stale and started descending,so keep your eyes open,look for ways to grow and fight to improve yourself and the world you live in,and remember trading is just a source of income,not a life
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No real logic if you read it thru!

I am a fool, that is so true, but I am a very happy fool :D

I was able to get the information that I set out to get, and the reason I got the information, is because, I done the exact opposite of everything you mentioned that I should do!

So, going on the basis that I don't lie, and I have no alternative motive like most, who is the real fool!
 
nyse,

if I may suggest, don't waste time on exchange of wits....

while you have not spilled your beans, I have not problem with general pattern of your thoughts...even if you look around in the world, you see majority of people eating, thinking and doing things mostly wrong (always claiming that they are right)...some of your statements remind me of Sufis
 
Quote from Rabbitone:

Reading the comments on these forums is fascinating to me. There are so many unique individual traders each successful in their own way spouting their trading religion (that is what they worship in trading…including yours truly). Halleluiah!

All traders (whether they admit to it or not) are running a unique trading business. What works for one trader does not fit the plan of another. Yet I continue to see traders get extremely frustrated and angry when they see others present different ideas (which may be a brilliant concept in their style of trading). The condescending trader will go so far as call the other trader an…. Well I will leave that to your imagination.

Many of you are day traders, that’s great, keep it up. However, some like my self swing and position trade in the daily time frame (it works I’m retired). When it comes to applying a concept that a day trader abhors it may produce excellent results for me. The reverse is also true. So I try to keep and open mind.

What I enjoy about ET are the new ideas that allow me to stretch my systems to new vistas. I have added many great additions to my new systems because of what I have read here. I have learned about C# which is tough on an old COBOL programmer (old IBM language I coded in).

But the crux of the problem for ‘newbies’ is to find a method that works and one that they can tolerate through the bumps and grinds that always happen. Yet traders continue to fail every day. This happens because we fail to describe to ourselves what we are trying to accomplish and learn how to make corrections.

When you finally understand your own trading objectives and methods then you can begin to make additions and subtractions to your plan from other ET’ers that can make you more successful. I believe trading is like the businesses I ran for 37 years. If you fail to look at “lessons learned” you are doomed to repeat the errors.

Then there’s all of these touted authors. Only YOU know if Jessie Livermore, Van Tharp or Larry Williams is relevant. Are they good or bad? That’s not relevant. What is relevant is do they provide you with what you need to run your trading business. If they don’t toss it out.

And yes I have my own platitudes.

Knowledge is not king. It’s what you do with the knowledge that makes you king.

Then there’s attitude. I love it when I’m wrong and realize it. Then I got a chance to succeed.

If you can’t change the facts then bend the attitudes.

Well enough of my religion for now. In the next note I will go through Exodus…Well back I go to looking at my systems and pray they work…
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You see Rabbitone, people are not to be blamed for what they do and do not know!

Think about it - they can only deduce from the information that is available to them.

Applying logic to this situation, it is apparent that for one to make rapid progress one needs to be able to differentiate between what is "normal", and what is "abnormal".

Which one would you pick - the normal or the abnormal?
 
Quote from TraderD:

nyse,

if I may suggest, don't waste time on exchange of wits....

while you have not spilled your beans, I have not problem with general pattern of your thoughts...even if you look around in the world, you see majority of people eating, thinking and doing things mostly wrong (always claiming that they are right)...some of your statements remind me of Sufis
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Have no fear TraderD, wits or twits, it makes no difference to me in the least bit :D

"There is method in my madness"

but it is not what most think it to be!

Any experienced trader (and I am not talking $K's here) knows a good deal about what I speak, but there are but a handful that know the real truth.

SAD
IM
 
1) Most traders do not have a clue about how to take money from other traders on a daily basis.

2) Volatility is nothing more than wide ranges on a chart - you do not need Mr Boloxinger or any of that rubbish to help you pick the money from the palms of other traders.

3) You do not need to know the intricate workings of order flow and how options, stocks and futures trades interact.

4) You do not need to look at Level II to try and see what MM's are doing, for most of the time they don't know what they are doing themselves.

5) S&P pit futures traders use 10 min engulfments to position and create fungible trades - no, I do not say fungus trades!
 
6) BLASH and SHABL about 90%

7) BHASH and SLABL about 10%

8) The only think you need to watch in relation to your trading activities, is your bank account.

9) Do no confuse Twits with Wits, for they are completely different - the Twit usually knows absolutely nothing and the Wit thinks he/she knows nothing, but unknown to himself/herself, the Wit knows a great deal about everything.

10) A widely used setup used by S&P pit traders is, and wait for it, as most traders will not have a clue about what it is, it is OTF
 
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