Why Is The Obvious Not So Obvious?

[trader198]

trade what you see, not what you think.

I am not a fan about that.

I just trade about what I think, if it is dropping, I feel it is hitting support, I buy.

if it goes up, I sense resistance, I sell.

chase a market is a fool's game. or a loser's game.

I need know what the market is thinking, then I bet. human mind often fools you, what you see lots of time are just your illusions. your mind may filter out those you do not want to see, just those you want to see.

the same chart, that is why different people have different views.
becuase people just see those they want to see, or those they know.

that is why you should not trade what you see. you always need think: what the market is truely trying to do.

Quote from davroz:

Quite a long thread, it took a while reading it and the other related thread 'If you want to fail as a trader, study TA'.

So to summarise what seems to being said:

1. A daytrader requires an instrument with adequate daily range.

2. TA is not needed.

3. Volume is not needed.

4. Trend lines are not needed.

5. Note horizontal S/R levels where the major players react.

6. Enter trades close to those levels for high RR.

7. Set a price target based on measured moves.

8. Set a stop loss based on volatility of bars on the TF being traded.

9. Trading is gambling, so play the odds.

10. Trade what you see, not what you think.

11. There are no experts, except The Expert.

 

[RedTankEra]

In response to the question on the topic...

Because it is not intuitive.

 

[Mysteron]

 

[bogan22]

Quote from Mysteron:

“Learned we may be with another man's learning: we can only be wise with wisdom of our own.”

¯ Michel de Montaigne, The Complete Essays

good questions don't die.

Regards

 

[achilles28]

Quote from The Oracle:

it does not matter what the market does..what does matter..is what the trader does

How about you post some live calls? Intra-day? Off a 5 minute chart? A 1 minute would be better.

 

[The Oracle]

Quote from trader198:

first in trading there is no obvious things. it is just full of uncertainity.

first in trading is limiting your risk on each and every trade

if you know it is a winning trade, why not all in? since it is not obvious, you have no idea about your position whether it will win or not

only under-capitalized fools try to make a fortune in a very short time

if you know it is a losing trade, why bother to enter? if I know beforehand, I will avoid it totally even no single share.

if you do not trade you will never make any money trading

money management or position size, just some academaic guys talk. it is non-sense. since they suppose

suppose means ideal considerations. or daydream situations.

supposin..supposin..two men were frozen..one of them died..how many are left?

just like an engineer, try to model some reality to some mathematically descriptive fucntions.no matter what they try to fit, always there lots of exceptions.

problem with trading is that you can lose much more than you have..if you are stupid enough to put yourself in such a position..of course

warren buffet do not use position size, if he thinks it is a winner, he all in. why not?

forget about WB and the likes..only concern yourself about things that can directly affect U..far too many daydreamers in the world today

TO

 

[The Oracle]

Quote from achilles28:

How about you post some live calls? Intra-day? Off a 5 minute chart? A 1 minute would be better.

it is obvious that U do not know TO..always think before U post..for the practice will help U greatly with your trading results

 

[The Oracle]

Quote from bogan22:

“Learned we may be with another man's learning: we can only be wise with wisdom of our own.”

¯ Michel de Montaigne, The Complete Essays

good questions don't die.

Regards

I am afraid that our eyes are bigger than our stomachs, and that we have more curiosity than understanding. We grasp at everything, but catch nothing except wind

TO

 

[The Oracle]

Quote from Mysteron:

TO

 

[achilles28]

Quote from The Oracle:

it is obvious that U do not know TO..always think before U post..for the practice will help U greatly with your trading results

I gave it some good thought. It'd be nice if we could see The Oracle post some live calls, for a change? Easier than 500 pages of windy meandering? Or would that be "too easy"?