Why Is The Obvious Not So Obvious?

[The Expert]

Quote from exaltedangel09:

after reading 119 pages of this shit i have discovered nothing that I didn't know before.
thanks.. the obvious is really not that obvious.. nysestocks is a genius.

NY is the chap, to make you feel hap
TE is the lad, to make you feel sad
if you feel, got raw deal
tough shit, ur a git

MK's on the way, since yesterday
MN is no fool, as he has the tool
RN is the guy, with the extra eye
he now has the way, he calls is "IA"

you will do, what you do
what you do, is for you
when you do, what you do
like you do, not for you

so fuk off, u dumb toff
get ur brain, out of drain
for clear it do be, that u can not see
u are but a know all, who knows, "SWEET FUK ALL"

 

[yoramva]

I think this is the obvious:
Take all methods/system that are generated by the so called experts and novices alike.
Buy into these methods setups when they are signaling to sell
(buy to the point before they start sell and bail out(sell) when they start)
Sell into this methods setups when they are signaling to buy(sell at some point beforee they buy and bailout -buy back when they buy).
Alwasy now where orders are located on the charts and just trade your way to them.

 

[asynchronous]

Quote from The Expert:

NY is the chap, to make you feel hap
TE is the lad, to make you feel sad
if you feel, got raw deal
tough shit, ur a git

MK's on the way, since yesterday
MN is no fool, as he has the tool
RN is the guy, with the extra eye
he now has the way, he calls is "IA"

you will do, what you do
what you do, is for you
when you do, what you do
like you do, not for you

so fuk off, u dumb toff
get ur brain, out of drain
for clear it do be, that u can not see
u are but a know all, who knows, "SWEET FUK ALL"

Gee, your a poet and I didn't know it

Great Post!

 

[tradingtechnolo]

Quote from The Expert:

NY is the chap, to make you feel hap
TE is the lad, to make you feel sad
if you feel, got raw deal
tough shit, ur a git

MK's on the way, since yesterday
MN is no fool, as he has the tool
RN is the guy, with the extra eye
he now has the way, he calls is "IA"

you will do, what you do
what you do, is for you
when you do, what you do
like you do, not for you

so fuk off, u dumb toff
get ur brain, out of drain
for clear it do be, that u can not see
u are but a know all, who knows, "SWEET FUK ALL"

great poet, It's one of the most interesting poet about trading i've ever read

 

[OddTrader]

Quote from Mysteron:

Failing to discover or understand is typical, but to discover nothing, is truly an achievement.

When you come to the realisation that you know nothing, it is at that point that you start to learn.

The next step it to read the 240 pages of 'If you want to fail as a trader, study TA'.

Have fun

LOL. And enlightening!

 

[chartman]

Quote from NY0BScalper:

I can penny a market maker and be the best bid.

So have I. In fact I have sit all day with the best bid/ask and watch hundreds of trades go by on the tape worst than my price. Talk about screwing the poor public suckers. There is no such animal as the NBBO. I have documented trades several times and provided it to the SEC. No reply. The obvious is obvious. The game is stacked against the small retail trader.

 

[RedDuke]

Why Is The Obvious Not So Obvious?

Because it is the opposite.

 

[CoconutJelly]

for those who cannot firgure it out , please learn how to trade

 

[XEC10]

Quote from nysestocks:

Why Is The Obvious Not So Obvious?

I have read thru some of the recent and distant posts in this section, and have come to the conclusion that; the obvious is not so obvious to many!

There appears to be a lot of textbook information being thrown around, especially in relation to position sizing and risk management.

What every trader has to realise, is that all the risk management and position sizing techniques in the world are of no use what so ever, unless the trader is aware of the obvious pre-requisite to trading any market.

It will be very interesting to see what answers the many traders come up with for the obvious, those with little and lots of experience alike!

What is it that a trader should do when considering to take a trade? Answer that and the 'required OBVIOUS' should become clear.

We look at a price chart and within our timescale of interest, we decide where price may go to as a possible target, and where it may go to as a possible stop, or whether price may not move much at all. We use our experience of interpreting charts, observed S/R levels, market indices, futures, news and conclude the likely future direction and extent of a price move.

Some traders have more trading experience and access to information than others, which can be used to narrow down the uncertainty of price movement. The lack of precise information means that we consider a range of possible outcomes of a trade and we try to manage the uncertainty and risk:reward by thinking in terms of probabilities, of our target being hit before the stop:


Expected_gain = Expected_win x Probabilty_of_win - Expected_loss x Probability_of_loss


We try to choose the entry, target and stop so that the expected gain is positive and that the risk:reward is sufficient:

RR = Expected_win / Expected_loss.


Each trade is unique and won't be repeated, but we take the trade on the understanding that if the trade could be repeated with our choosen entry, target and stop under the same conditions, except for those aspects that are uncertain, then the odds are in our favor the we would gain in the long run for that particular trade.

This is what the 'required OBVIOUS' is to me as a gambler.

 

[smili]

I read about the first 55 pages of this thread.... No idea why.

Here's about all I can gather:

It seems it's obvious that the Price moves, but it's not obvious why the price moves.

You go to Wal-Mart and you can buy something all day long at the same price. Why is there a different price every 5 seconds on the exchange? This seems a very artificial or abnormal market. It should surprise us that day trading is even possible.

Why should the price of anything change so quickly? And I guess even more to the point - to whose advantage is it that prices often swing wildly? There's this casino that's been built, and we all come and play in it. per this thread 95% of day traders lose. Who is winning - and would they be winning without the volatility? Is the volatility artificial? Is it just noise arising from a complex system? Should most stocks daily charts be roughly flat? I don't know, just throwing things out, but the underlying theme I'm getting from the thread is there isn't a meaning behind most of the short term price movements. They just happen. Nobody really talks about the underlying value of anything in any of the posts - at least from what I can recall. Everybody is just talking about trading a chart - trying to guess where everybody else thinks the price should go before the other guy thinks it.

The other thing that strikes me from this thread: it's very possible to make a correct trade in all aspects and still lose. (like Picard points out to commander Data - it's possible to lose without making any mistakes.)

Anyhow, my $0.02