Why Is The Obvious Not So Obvious?

Quote from nysestocks:

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?
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Yes, fair enough to use it as an analogy. Though perhaps when you specify 'expensive' paintings you are missing something 'obvious'.:)

- palinuro
 
Quote from 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? :)
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Yes - and that is where the greed and fear associated with trading comes in.

It can be a two edge sword - in order to learn you must first act, but if you act foolishly, as with anything, you will more then likely end up regretting it.

In order to learn - gain experience - it should be "obvious" by now what one HAS to do, just in order to be able to gain "some" experiences.

The amount of experiences that each trader will go thru, will depend on many things, but, the approach that every trader, who wants to succeed, should be more or less the same, so that they at least have a good chance of learning.

Common sense is not that common!
 
Quote from palinuro:

Yes, fair enough to use it as an analogy. Though perhaps when you specify 'expensive' paintings you are missing something 'obvious'.:)

- palinuro
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Now you have me thinking:D
 
"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"?
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A good Hat?
 
Quote from 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.
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Second last post.

You know my take on our Education system;

"dint of the lash >> so many asses layden with books"

The key word is "espouse" - like all the books written by the wise, the purpose, for me at least, is that you have to "actually" have a "real interest" in what you are doing.

Maybe this is more familiar to some;

"Half the job is liking what you do"

To "show" someone is to do them an injustice - to arouse interest in someone is to help them help themselves!
 
Quote from 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.
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Jim,

You can call me RN, you can call me asshole, or a mindless nitwit… you can call me anything you like – but teacher – please Sir


You and the mkt are your best teacher



Now to answer your question

Some answers are right for you – and wrong for me

Some answers are right for me – and wrong for you

It can be no other way


But does that make them any more right or wrong – Sir

You will know when the answer is correct




I dare say my mind is open as I write this

Gotta go
RN
 
Quote from jim2000:



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.
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There is a way to know. Your trading account balance will tell you if you have the correct answer.

If you are not achieving the goals you set for yourself then you have to take a long hard look at your trading and determine why.

Step back and evaluate your trading. Don’t ask why the market is doing this or that. Ask why am I doing this or that.

If what you are doing isn’t working then stop doing it (how obvious is that?) and do something different. Keep eliminating the things that don’t work.
 
Just a quick question for the birds here...

Do you ever bother trying to catch the worm as it wriggles its way out the hole or only take a pop at it as it wriggles back in?

Personally I'm now tempted to have a pop at it both times. After all, worms don't show themselves above ground all that often. Previously I've only ever considered trying to grab hold of them as they bolt back down the hole since it can sometimes be a very nasty meal. Wonder if I'm just getting a little greedy though...?
 
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