Why Is The Obvious Not So Obvious?

Quote from DrEvil:

I like it when traders take that POP rubbish and throw it in the bin. IMHO that is where it belongs :)
More...

You may have to dig it out of the rubbish bin a few years from now if you want to transform yourself from a "profitable trader" to a "great trader". :p
 
Quote from nysestocks:

To be fair, as A.Simpson might have genuinely put a lot of work into the book, and even though I did bin it myself - it is too far from reality for the "average" trader.

The” average" trader must get the "Hollywood" way of thinking out of his/her mind - as it is a total and utter farce, as we all know, and all it does is make big money for the"chosen" few.

The best thing, I think, that a trader can do to improve on results - as that is the only thing that matters - is to take a $10 and burn it!

"What" - I can hear people say, "but that is easy" - yet, if it is easy, then go and do it, right now, or a £10 note, or a €10 note - I have no more currency symbols, but you get the point:D

Watch it as burns, and then say to yourself, "what the fuck am I doing".

That is the reality of trading!

Who in their right mind would burn money - but most do it each and every day, and they never really stop to think why:eek:

If it makes you fell better, burn a $100, but don't go any further than that, just in case you get carried away:D

Come back and tell us all how it felt - I wonder how many will "actually" do it!

We might have a "launch" tonight,

T-13 and counting:)
More...

Eats like a bird, eats like a bird. “Trade for living” ET member.

Good points though, and your intention is well understood. Maybe we can reserve POP later for the true “gambler.
 
Everyone is searching for an approach that suits them.

It's always better to examine your alternatives and keep your mind, your eyes, and your interest wide open.

Some things may look as if they come out of left field, but sometimes you have to be thrown off balance in order to regain your balance.

And when you are in harmony again, you may find you are in a different place - or maybe not.
 
Quote from nysestocks:

Oddly enough RN, I saw something a while back that caught my attention - much like the bird video - but when I played it back on my HD TV, the video was not a state of the art HDMI signal, it was a plain old composite signal!


Food for the birds - opps - I meant "food for thought":D
More...

Look through the 3D glasses made of "SPY" may help to see the image. They don't call it "SPY" for nothing. :cool:
 
Quote from Love Trading:

Eats like a bird, eats like a bird. “Trade for living” ET member.

Good points though, and your intention is well understood. Maybe we can reserve POP later for the true “gambler.
More...
Did you actually mean "eats like a bird, defecates like a bird"? (That kinda sounds me of scalping pennies, nickels, dimes and maybe some quarters).

And...what does POP mean?
 
Quote from TapeFighter:

Did you actually mean "eats like a bird, defecates like a bird"? (That kinda sounds me of scalping pennies, nickels, dimes and maybe some quarters).

And...what does POP mean?
More...

TapeFighter: when you are fighting the tape, all you can do is to eat like a bird. You will be fine as long as you defecate like a bird. Just make sure you don't average down and dump like an elephant. There is another way to trade is to try to drink like a whale once in a while, hence trade/money/psychology management of "one of the the greatest traders":

POP: Phantom of the Pits

http://www.elitetrader.com/vb/showthread.php?s=&threadid=159075&highlight=phantom+of+the+pits

PDF File:

http://www.trading-naked.com/library/Phantom_of_the _Pits.pdf
 
I think it is time, for more riddle and rhyme

The test is now pail, and some did they fail

Those who held back, will stay on the track

For the ones who did toll, revealed no control

So continue we will, as I see we have few

With interest you see, in me not in you

The sprat and the love, think they are above

But little they know, that all see the show

The box not be here, it will stay over there

So post as you write, and please write no shite:D
 
Quote from Love Trading:

TapeFighter: when you are fighting the tape, all you can do is to eat like a bird. You will be fine as long as you defecate like a bird. Just make sure you don't average down and dump like an elephant. There is another way to trade is to try to drink like a whale once in a while, hence trade/money/psychology management of "one of the the greatest traders":

POP: Phantom of the Pits

http://www.elitetrader.com/vb/showthread.php?s=&threadid=159075&highlight=phantom+of+the+pits

PDF File:

http://www.trading-naked.com/library/Phantom_of_the _Pits.pdf
More...

The POP it is old, and much of it bold

If but read it you see, far it from reality

I have been there, where others not trod

So listen if be, if not take the nod

The reason is clear, to those with no fear

And the chalice you see, is found in reality

So read what you like, but get on your bike

And remember the poll, where gamble did toll:D
 
Quote from nysestocks:
And remember the poll, where gamble did toll:D
More...
When trading, you may be "placing bets" in the immediate direction of the stock price, but without an edge (eg: 50% odds @ 1:1 Risk/Reward) you'll end up losing money due to commissions.
One needs an indication that the odds are stacked in your favor (or against you) before you risk a dime. What is it? Do you look for imbalances in the buy/sell sides on the order book to see where may be temporary support or resistance levels?
 
You must log in or register to reply here.
Back
Top