There's a difference between risk when assuming a trade and risk during trade. If you don't separate the two, you end up trading your pnl, which is abandoning trading rules, backtesting and sanity!
Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
There's a difference between risk when assuming a trade and risk during trade. If you don't separate the two, you end up trading your pnl, which is abandoning trading rules, backtesting and sanity!
Are you certain nobody's attained success using indicators in ways which haven't been published and you haven't thought of?
Yes, but perhaps I missed something as I didn't experience a revelation or maybe I was already aware of the gist of it.
Like all books..one has to try and understand the writer..after all..you are only getting someone else's opinion!
We all know the gist of it..but most still get sucked in..no matter what they read!
Some years ago..when interest rates were high..a very popular investment was the "with profits" bond..which had..and was.. doubling the amount invested for a 10 year period.
After that..came the lower returns..but as markets had seen a major downturn..a new bond..with your capital sum guaranteed..was introduced.. which also gave you potential for some gains if stock markets went up.
You know in detail how this new bond was achieved.
So what.. you may say!
It is all relative..I will say
When you find something of real value..you will only recognize it if it concerns you.. otherwise it really means nothing to the reader!
The book..there is one thing that definitely stands out..by a mile..and..to the right person..it is the key to making money..but as always..one has to be..in the right place..at the right time
No..but if anyone wants to prove me wrong..then they are very welcome to do so
Paper never refuses ink..or nowadays..the internet has been taken over by Walter Mitty's..most of whom are in the 20 to 45 age bracket
Risk management is..of course..not the same as market risks!
To ignore market risks..well..is foolish..and to think..that just because you have an approach..that puts you in the right place..at the right time..you are somehow going to avoid some market risks..well..is really bordering on stupidity!
Covered in last post!
The main thing to understand about financial trading or investing is "value"..for..we all want to get a bargain..even when shopping..right!
Price is not value!
Value is relative.. remember the pre dot com PE valuations!
Every financial instrument has 3 main things that you must fully understand..that is..if you want to know what you are doing of course
Some readers know..as like myself..they have received a book from someone..a book..which will not show you how to make money..but will definitely explain to you why you were such a fool for getting sucked into the hype and bull surrounding financial trading!
If you are of the correct mindset..this book can change the way you look at trading and investing forever..and I know this as..even though I had already changed myself by the time I received this book..it was like the cat scene in The Matrix film..De Ja Vue
I will PM you if you want a copy of the book..but you must promise to not give it to anyone else..as the author really deserves the price of the book..which I purchased myself after getting the PDF for free.
I have spent over $10k on books..courses..etc..since I started trading years ago..and this one book..is by far the best book I have ever come across in relation to understanding the financial markets..and why..most who try..fail dismally!
It will not help you with chart reading skills..as..the good stuff for that will never be published.. for "obvious" reasons..if it got out..it would be rendered useless in no time at all..as soon as the big money gang automated it..and yes..of course they could.. anything can be automated these days.. especially when it comes to something so simple as price movements !
Let me know..maybe you already got the book also?
Is it possible to tell us the book title so that we may buy it too?