Why Is The Obvious Not So Obvious?

[odlareg]

TE mentioned about playing with CFD.
From my understanding CFD is like visiting a casino but you place your bets with a street bookie?

It is not LIKE VISITING a casino, start considering IT IS a casino........

Isn't that risky.

It depends on what you call risky. Some people consider crossing the street risky and in fact it is.

Just start with buying a small quantity, where risk is small. Get experience. TO was very kind to post something very worthwile at
10-03-11 12:50 AM about this matter.

regards & many thanks. [/B][/QUOTE]

 

[The Oracle]

Quote from macattack:

Use the box to save your sox.

 

[The Oracle]

Quote from poland:

Dear TO,

I am now reading TE's thread on TA.
Probably you can answer my question.
TE mentioned he only play US stocks intra-day.
Why only US stocks? why not index futures? ES?
index can give you lots of volatility....need not screen for stocks??

2nd Q, what do you think of only playing the 1st 3 hours for US stocks.


regards and many thanks.

pl..if u have been reading what is written..u will know that everyone is different..it depends on ur circumstances..family..available cash..girlfriend..or boyfriend maybe!!

US stocks..if played correctly..can be the least risky to trade

Ftrs..can make u lots of money..but flipside..can also lose u lots of money..very fast..imagine if u were short recently with no stop:eek:

as we keep saying..u must learn to quickly distinguish between those who know what they are talking about..and those who do not..like potato head

never be afraid to question everything that is said..and the ultimate guidance tool is ur trading account..for if is not going in the right direction..then STOP immediately..and work out what YOU are doing wrong..make the required changes..and know why u are getting what u get

there is no rocket science to trading..most of it is just pure bullshit..and pay no heed to the many fools who think they are experts..for..there is no need to be an expert when trading..just a level headed common sense thinking individual..if u can do that then u can make any amount of money u so desire..when u desire

never forget the baby..and how he must first crawl before he can walk

cfd's have their advantage and limitations..brilliant for learning if u have small money to start..but terrible for commissions and fast moving markets..as some will even freeze the quotes and u will not be able to trade..which is not on..and which is why YOU must get a good broker..no matter what way u decide to trade

another viable option is prop trading house..but again..they are very risky..and u want to make sure they are covered under government scheme..so if they go bust u will get ur money back..if u can not get a guarantee..then stay 100 miles clear of any prop trading firm without guarantee..why risk losing ur money before u even start making money:eek:

no matter what way u decide..if u never really start..u will never really get anywhere..too many spend way too long talking and looking..and forget that they need the live experiences to advance

TO

 

[The Oracle]

Quote from Postao:

I never stated HOW successful to is.
nor do I disagree with most of what is said.
But have you ever stopped and look at how pretty a lake or body of water is when no one has touched it?

and now he's here..ye all can cheer
for surely he..is bizzy bee
he says it's right..but yet it's shite
a fool can see..no trader he

 

[The Oracle]

Quote from macattack:

Use the box to save your sox.

MK..is there anything obvious in the chart now?

do not be fooled..as we never know what will happen next..but when events do unfold..we should know what to LOOK for!

 

[The Oracle]

UTB..T..SYS

well then again..why don't we just predict where the market will go next..can u imagine anyone..who knows anything about trading..making such a comment

 

[macattack]

Quote from The Oracle:

MK..is there anything obvious in the chart now?

do not be fooled..as we never know what will happen next..but when events do unfold..we should know what to LOOK for!

It's obvious that price stopped going down & started going up.

 

[macattack]

Quote from The Oracle:

UTB..T..SYS

well then again..why don't we just predict where the market will go next..can u imagine anyone..who knows anything about trading..making such a comment

Predicting what the market will do is a good idea in my opinion...........much easier to make short-term predictions though.........which is really all a daytrader needs.

 

[trader198]

those charts illustrates something.

actually there is no obvious thing in the market. most time, obvious trend, obvious range band occur... when you try to ride the obvious, you get wrong. I never bet on the obvious.

as for risk control and position sizing. no obvious thing either. why?

flip it in another side, if you are right, why need risk control? if I know today it shoots 4.+% all the index, I will buy all my life saving on SPY/QQQ calls. the good thing is just bought 55 dec02 call at 0.35 yesterday with 50 lots. in the opening added 50lots at 1.0, sold 80 lots at 1.5. hope tomorrow it bull runs again another 3.0% all the index. Es to 1300, NQ to 2400.


in trading, there is no obvious. do not focus on risk, focus on profit, or trade itself.

the more uncertain it is, the better results you will get.

 

[The Oracle]

Quote from macattack:

Predicting what the market will do is a good idea in my opinion...........much easier to make short-term predictions though.........which is really all a daytrader needs.

it is how u react to what happens..that matters most..not what actually happens