Why Is The Obvious Not So Obvious?

[nysestocks]

Quote from RainMann:

NYSE,

Can the "Obvious" be possibly learned, or must it be bestowed.

Also, in my trading, I make heavy use of wave expansion. Should I investigate the 2-8-1 reference or will it take me places I need not go. (ie more rubbish)

It is actually very easy RM, as you prob know

If something works, then it is of value, if not, then stop wasting time and move on to find the thing that does work.

It is hard to get water from a stone, and many think it is actually impossible, but I once saw an article on surviving in the desert, and, here is another question based on same;

"What unlikely thing would you bring with you in case you got stranded in a desert - that would help you survive a lot longer than you would otherwise do"?

 

[palinuro]

Quote from nysestocks:

I suppose every one will look at it differently.

When I looked at it, I said to myself, why the fuck would someone pay a large amount of money for such a weird looking fucking painting?

Why the fuck would they do that?

Is it an investment, as the painter is famous?

Is it for show, just because the person that can afford it has tons of money?

Does the person really have an interest in life and existence - and maybe gets great joy and peace by just knowing that those who will see it "can" appreciate what the painter is conveying on canvas, and it brings some sense to the silly world we live in.

What the fuck is going on!

Well, just maybe, it is all of the above – what is, is!

Well, since this seems to be the thread for reflections...

The first thing I thought was, how can anyone make a reasonable assessment of the original on the basis of such a tiny, poor reproduction?

My second thought was that it was done during the war, hence the violence and sense of menace that pervade it, thematically and formally. Then I looked around on the page to see if there was a date to confirm my idea.

If the first thing you ask is 'why would someone buy it,' then I think you're approaching it with the wrong type of 'art appreciation' in mind.

The aesthetic is a distinct mode of knowing the world - one that can encompass a more complex and nuanced understanding of the world than habitual practices, however hard that understanding may be to articulate in 'ordinary' language, i.e., other modes of knowing.

The world isn't silly, and doesn't need sense brought to it - people's ideas about the world are silly, and they (we) are more or less desperately in need of improving their ideas.

That painting embodies an understanding of the world that would significantly improve those ideas.

- palinuro

 

[nysestocks]

Quote from duhmentor:

NYSE

Could you please give me your opinion on how one might acquire these "Skills” a person needs to succeed in the trading profession?

If all the "books" and "courses" are of limited value, what other options does one have?

PS. Nice Pics.

RN has posted some very worthwhile reading - but very few will actually read it and see value - just the way it is.

Any skill is required only by doing - error observation - adjustment - doing - error observation - adjustment - doing > cycle.

The day you stop "error observation" is the day you stop acquiring the required skill set.

To be fair, not ALL the books are of limited value, but in all the ones that I have looked at over the years, and that is a lot:eek: the total is less than the number of fingers on one hand.

I will give you a hint, to what I think is one of the best books written about trading, and if you get to work it out, and read it, it will give another clue as to what the "required obvious" really is - although the "ultimate obvious" will never be revealed, for obvious reasons.

You may think I jest, but rest assured I do not - but one should be happy to even know what the "required obvious" is, as that alone will allow a trader to take more money from some traders, than he loses to other traders.

The hint is;

let me give a good one, I will update post shortly.

" RN smiles after a very interesting one"

 

[nysestocks]

Quote from Redneck trader:

No Sir

For a few reasons

1.) I respect what NY is doing here too much

2.) I consider NY a friend although – I’ve never met him and we fought like cats and dog the first few times we talked

3.) You want the reward – do the work – a few of us have (blunt but true) Sir

This thread is not about "how to trade" – never has been – It is a very clear and concise (at least to me) guide to being a trader, and how a trader thinks..

It is invaluable to those who do the work – it’s a piece of trash to those who don’t – but I already knew this – dare I say possibly even before my mentor / guru did

Respectfully
RN

That thought entered my mind recently, but I could not remember; a good trait to have

 

[nysestocks]

Quote from WaveStrider:

A strange thread...

No bad - just different.

I watched the bird video and as for a "reason" the bird stays - it looks like he is staking territory -that he has an advantage there and is standing his ground, watching for challengers. If there is another bird nearby who is chirping away, he has likely been displaced by the bird in the vid who has some advantage (size perhaps). I don't see a broken/hurt foot that was mentioned as a possible reason he stays perched.

As for Picasso's Night Fishing at Antibes, there is the most "obvious" image of the one fisherman about to make a killing, seeing the fish clearly (bigger) in his sight, while the other sees where he thinks the fish to be (smaller) and will come up empty - looking where the fish WAS - the way water refracts light and displaces an image from it's true location.

Some of us like to be different - to the crowd

The bird's foot - I agree as I saw him jumping from branch to branch, so I reckon he was just showing of to a female bird

He had a job to do, that was for sure, and he, like all non empathy organisms, do their job very well - no if's or buts’, no wondering what if this happens, or that happens - they just do what they do - but they still must run the "cycles", as everything must have a start and a finish point relative to something else.

 

[nysestocks]

Quote from palinuro:

Well, since this seems to be the thread for reflections...

The first thing I thought was, how can anyone make a reasonable assessment of the original on the basis of such a tiny, poor reproduction?

My second thought was that it was done during the war, hence the violence and sense of menace that pervade it, thematically and formally. Then I looked around on the page to see if there was a date to confirm my idea.

If the first thing you ask is 'why would someone buy it,' then I think you're approaching it with the wrong type of 'art appreciation' in mind.

The aesthetic is a distinct mode of knowing the world - one that can encompass a more complex and nuanced understanding of the world than habitual practices, however hard that understanding may be to articulate in 'ordinary' language, i.e., other modes of knowing.

The world isn't silly, and doesn't need sense brought to it - people's ideas about the world are silly, and they (we) are more or less desperately in need of improving their ideas.

That painting embodies an understanding of the world that would significantly improve those ideas.

- palinuro

Makes sense to me - and I know absolutely nothing about expensive paintings.

Trading point - many look and see nothing of value, fewer look and see some value, and even fewer look and see immense value.

Kind of ties up with what you say, I think?

 

[jim2000]

Quote from Redneck trader:

Jim2000,

Instead of me stopping - how about you joining Sir - Please

RN

I will RN

 

[jim2000]

NYSE or RN,

You indicated that all the indicators, all the risk mgmt, all the position sizing etc. are useless unless you know the obvious.

Would you agree that until you know the obvious that all those things will at least keep you in the game, until you learn the obvious??

Is that at least a correct premise?

In addition, all of the puzzles and clues are of no value to me or anyone else if we don't know the correct answer. A teacher is not a teacher unless he/she gives the correct answer to a problem which then allows a student to learn from his/her mistakes. If a student is ignorant of a mistake how is a student to learn anything.

We can assume (ass u & me) we have the correct answer when in fact we don't and there is no way to know unless we are told the correct answer. Without knowing the correct answer we will be building our house with no foundation which will eventually collapse upon itself.

Thank you.

 

[WaveStrider]

Quote from nysestocks:


He had a job to do, that was for sure, and he, like all non empathy organisms, do their job very well - no if's or buts’, no wondering what if this happens, or that happens - they just do what they do - but they still must run the "cycles", as everything must have a start and a finish point relative to something else.

Interesting thought - kind of analogous to the market. It does what it does - and the search is for the method (reason) under the madness (movement) - though more often the animals used to describe the process is sharks to minnows.

 

[steven21]

If most pple who try to make money from the market fail, for whatever obvious or non-obvious reasons, isn't then an obvious fact that most pple should not be trading for their own good?