Why Is The Obvious Not So Obvious?

[barcadia]

you need to do what must be done to make money. That's the obvious

 

[Vindago]

you need to do what must be done to make money. That's the obvious

Hi BC, problem is that what must be done is not so obvious for the most...time is the key, no short cuts no holy grails, no miracle indicator etc. only time

 

[The Obvious]

What every trader has to realise, is that all the risk management and position sizing techniques in the world are of no use what so ever, unless the trader is aware of the obvious pre-requisite to trading any market.

3 words or 4 words.

What is the obvious pre-requisite to trading any market (be it stocks, commodities, currencies or widgets)?
https://en.wikipedia.org/wiki/Widget_(economics)

 

[J_Smith]

3 words or 4 words.

What is the obvious pre-requisite to trading any market (be it stocks, commodities, currencies or widgets)?
https://en.wikipedia.org/wiki/Widget_(economics)

Know you are a fool BEFORE you start?

J_S

 

[The Obvious]

Know you are a fool BEFORE you start?

To quote the OP:

This is not the answer that I would give!

 

[The Obvious]

having reviewed some of the posts in this thread i have spotted 3 words in the opening post (or 4 depending on how good your english is) that seems to have been overlooked by the majority. if i tell you the words then i will be doing you a grave injustice.

2,3,10 (or 2,3,4,6)

 

[Vindago]

3 words or 4 words.

What is the obvious pre-requisite to trading any market (be it stocks, commodities, currencies or widgets)?
https://en.wikipedia.org/wiki/Widget_(economics)

Experience (to be gained before you loose all your money, unfortunately for most traders, this does not happen) which may eventually lead to understanding the Milk and being able to place trades in low risk areas, IMHO

 

[barcadia]

I can SEE

 

[The Obvious]

loose all your money

 

[J_Smith]

3 or 4 words?

Is it something we need to be aware of?

J_S