Why Is The Obvious Not So Obvious?

Quote from DrEvil:

This kind of opportunity is very rare, it's like buying corn at 30 year lows around $1.50, there is around a 99.999% chance that it will not go to zero.

YES, exactly, and one must be prepared to act when the opportunity presents itself!
 
Quote from NERVESASTEEL:

... and your chart looks like a vertical OHLC. Potential double bottom, similar to what we saw on the S&P MID OCT. – MID. NOV ‘08 .:cool:

But how did you know that BOB was going to throw a $T into the pot!!!!
 
Quote from AllOrNothing:

Chart two closely resembles the ES on 3/13/2009. I'd guess the P&F chart is of an index or an equity.

I like your AON choice:D

You Sir, had the brains to Look Do and Act - I doubt if you need any assistance with taking money from other traders:D
 
Quote from Bear Paws:

Could the obvious be to do the opposite of everyone else? I am a new trader just barely hanging on and would love to find an edge.
This thread is quite fascinating.

BP, do not be disillusioned by what you see and read!

The hard and real facts about trading are that the majority lose, and will always lose!

What you must ask yourself, if you want to look after yourself of course, is, what the hell am I doing!
 
Quote from NERVESASTEEL:

“Why is the obvious, not so obvious?”

… because most look outside themselves for the answers!

As a trader, it is important to learn all you can from various sources, (i.e. ‘Experts’, ‘Systems’, ‘Rules’ etc.), but in the end, it is YOUR skills, YOUR discipline, YOUR strategy that will make or break you.

None of us trade exactly the same. We KNOW many of the same things. But we each have different strong and weak points which are refined into a personalized trading method that makes the most of our natural tendencies. Personally, I day trade to pay the bills, but counter trend swings over longer time frames to make the big money. I know when I begin to build a counter trend position for a swing, I’ll probably be feeling some pain. Other traders like NYSESTOCKS might say I was being “stupid” for staying in a loosing trade. Others might try it themselves only to loose a lot of sleep resulting in eventual capitulation. Others might also enjoy the same success and suddenly find themselves with a 2nd Mercedes. Finding a system that truly works for you and all your individual, special traits is what will allow you to take money from other traders on a consistent basis. They are always looking outside themselves for an edge like NYSESTOCK’s ‘holy grail’. Each of us only need look to ourselves!

“All of what we are is the result of what WE have thought”
- Buddha

:cool:

Hmm, NOS, you touch upon a very delicate topic!

Once upon a time, in a not so far away land, I was very interested in Mr Bud, and his like!!

But, I can now tell you, in a world of reality, and with the utmost truth, that Mr Bud, and his aliases’, are nothing but a load of crap!!

Why is that you may ask - well, it is so, so, simple!

What the hell does someone know, who has never experienced the reality of the situation, know about it!!!!!!!!!!!!!

It is like saying that a new born baby knows to look after itself!

There has been some reference to history and wise "men" - and I myself did mention that we can learn from what has happened in the past - but if we are to be "real", then let us mention a very famous common sense saying:

"The only thing I know is that I know nothing"

If I know nothing, then there is one thing I better do!!!!!!!!!
 
Quote from Redneck trader:

Sir.

What do you think a chart really is

You also say the market is schizophrenic (ever hear common sense is not so common)

90% lose, 10% win - consistently


I wonder if these are related in any way - Yes Sir - I just wonder


Redneck

RN, one mans' gain is another mans' loss!

This will always be so for those who want it to be so!

It can easily be one mans' loss is my gain!

You and I, and some others, know different!

The reason why we know different is simple - we think differently:D
 
Quote from TraderD:

nyse,

Where the charts posted vertically on purpose?

Is 90/10 ratio between BLASH and BHASH dictated by the market? How, if ever, situations are handled where ratio is different?

Does BLASH always lead to BHASH?

Do you use PNF charts to estimate risk/reward or manage risk?

Thank you.

YES.

You always do what you have to do, not what you think, or what you like, to do!

I rarely use PNF charts - but that is irrelevant!!

NO - you BLASH when you must BLASH.

You BHASH when you must BHASH.

No one ever said it was easy - if it was then everyone would be making money, which just does not happen!

But, I can tell you now, if you have a fraction of a brain in your head, and are willing to use it, you can stop losing money, and when you stop losing money, you will be amazed to see that sometimes you will make money, and when you start making money, you will like it, and you will like it so much, you will forget about all the times you lost money, so much so, that you will make more money than you lose!!
 
Quote from JScott:

Why Is The Obvious Not So Obvious?

Is this a trick question?

How clearly can this be stated . . . It's all obvious !

Why are there overweight people who don't want to be overweight?

All that is need to be known is known. Only after many trial and errors (some people call it "experience") will you know what you need to know and know what you don't need to know to accomplish certain things - lose weight, trade successfully, whatever . . .

If this is not obvious to you, then you only have one thing to do . . . keep forging ahead until it is. It's all obvious ! Trust me.

Keep trading.

YES and NO!

Always remember one thing!!!!

"There is ALWAYS someone out there that knows that little bit more than me"

It is "that little bit more" that can make all of the difference!

I know, I have walked the wrong path many times, and it was only when the "correct" path was shown to me did I actually "see" it!

I kicked myself up the "ass" for being such a fool for so long!!
 
How many of you know what C.O.N.T.R.O.L really means?

I will start off with what I think "C." really means:

C. = Caution

O. =

N. =

T. =

R. =

O. =

L. =
 
Quote from nysestocks:

How many of you know what C.O.N.T.R.O.L really means?

I will start off with what I think "C." really means:

C. = Caution

O. =

N. =

T. =

R. =

O. =

L. =

Often
Never
Tempt
Risky
Outright
Losers
 
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