Why Is The Obvious Not So Obvious?

[Johno]

Quote from lolatmadoffinve:

what is obvious to me, and not obvious to everyone else posting, is the OP has no clue himself. He's pissing in the wind like everyone else.

There is no one so blind as a no-eyed deer! The OP has already given you the answer, do some thinking and make an effort to comprehend rather than expect someone to lay it in your lap.

The replies show very clearly who does and who does not make money speculating in the markets, I would suspect that NY's motive in posting is simply curiosity to see who's who in the zoo!

Best Regards

Johno

 

[theboxer]

Quote from lolatmadoffinve:

what is obvious to me, and not obvious to everyone else posting, is the OP has no clue himself. He's pissing in the wind like everyone else.

That's kind of what I was thinking.

 

[Redneck]

Quote from nysestocks:

It is very hard to detach from money, no matter how hard we try.

Maybe this will clear things up a bit?

Making money in the markets consists of a few simple actions on the part of the trader, as follows:

BLASH - Buy Low And Sell High

or

SHABL - Sell High And Buy Low

and for a lesser few we have:

BHASH - Buy High And Sell Higher

or

SLABL - Sell Low And Buy Lower

No matter how much you understand risk control, how smart you are with position sizing, and how quickly you exit losing trades, it is all no damn use unless you know what the obvious is, which of course is not obvious to the majority!

The reasons why it is not so obvious are many, but namely due to the idiots who think they are experts, and for some stupid reason (possibly human nature), the majority are like, if you pardon the phrase, sh*t to a blanket!

I am considering explaining clearly to new traders what they "must" do if they want to succeed, but as I know only 1 or 2 will actually benefit from it, I might not do it.

I am no expert, but I don’t have to be to make money trading, no one does!

But, if one wants to succeed, then you know what they must do, and I will not repeat it again as I don’t think I need to.

Well Nysestocks,

I’ll tell ya what won’t work SLABH, / BHASL

I did both today – then spent the rest of the day digging out of it (still ended the day down $186.38 including commissions)

Am I mad – no, / frustrated with myself – Yep



So (as I imagine you’re still lurking in the shadows) exact your pound of flesh – Lord knows I’ve taken you to task


But at least I’m keeping it real (not meant as slam at you Nysestocks - just me owning up to the truth)


Tomorrow's another day


Redneck

 

[Johno]

Quote from Redneck trader:

Well Nysestocks,

I’ll tell ya what won’t work SLABH, / BHASL

I did both today – then spent the rest of the day digging out of it (still ended the day down $186.38 including commissions)

Am I mad – no, / frustrated with myself – Yep



So (as I imagine you’re still lurking in the shadows) exact your pound of flesh – Lord knows I’ve taken you to task


But at least I’m keeping it real (not meant as slam at you Nysestocks - just me owning up to the truth)


Tomorrow's another day


Redneck

Good to see you can still keep your sense of humor Red!

Regards

Johno

 

[Redneck]

Quote from Johno:

Good to see you can still keep your sense of humor Red!

Regards

Johno

Thank You Sir

BTW I figured out why the obvious isn’t so obvious – to me today


Cranium up nether region


See ya
Redneck

 

[Johno]

Quote from Redneck trader:

Thank You Sir

BTW I figured out why the obvious isn’t so obvious – to me today


Cranium up nether region


See ya
Redneck

Hence the red neck?

Regards

Johno

 

[DrEvil]

Quote from nysestocks:

I got a little confused there for a minute, is it doji or nodoji

All the money in the world, along with all the risk management in the world, along with the best way to maximise leverage, along with low or no commissions, along with the best data feed, along with all the other rubbish things like indicator this and indicator that, will be of no use to you unless you are aware that you must know what the obvious is!

Ok so what you are saying is that other than a trader cutting their losers and letting winners run, using proper position sizing, being properly capitalized and having the right mindset there is another key ingredient missing (as you say, the obvious) that is required to be profitable?

As others have stated, you must have an edge. First and formost you need to be betting on the more probable direction. I.e the chart, as confirmed by higher time frames as well as your current timeframe must be indicating that a certain direction is more likely than the other. Then you trade in that direction.

Have I missed out the obvious?

 

[nysestocks]

Quote from lolatmadoffinve:

what is obvious to me, and not obvious to everyone else posting, is the OP has no clue himself. He's pissing in the wind like everyone else.

You are not correct, but that is normal!

 

[nysestocks]

Quote from Johno:

I also have no use for indicators, without a thorough understanding of business basics they are useless, and even then often absolutely disasterous!

To expand, throw away all the garbage you've been fed, stop being baffeled by the bullshit and study basic business principles, until you completely understand these you are simply doomed to a fruitless search. Think fishmongers, fruit and veg shop proprietors, coin and collectables dealers, used car dealers etc, these people don't try to predict anything yet they generally make money, "go figure." Buy low sell high, you've heard it a lot but do you really comprehend the requirements and implications inherent in achieving this? Consider their approaches carefully for these people ( the successful ones ) are truely traders in their chosen fields.

Regards

Johno

Agree 100% - but this is not the obvious that a trader needs to know in order to make money.

A trader who knows nothing about business strategies can still make good money, if he/she knows what the must know, and do what he/she must do.

 

[Love Trading]

What is obvious is that day trading/short term trading (For that matter, even long term 5 years in the equity market as it is now) is a negative sum game for the average. You have to find a way to turn this into positive for yourself.