Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
well spotted. it is also obvious that you have recognized the difference between those that know what they are talking about and those who do not
you mentioned that you were trying to get some important information from another trader. it looks like you still need to overcome this obstacle that is holding you back
as the slippery one said, it's a load of bollox, but you must be able to distinguish what is actually a load of bollox and what actually works, for most of it is a load of bollox
there are several well known methods of trading that will yield very good results if the trader has the funding and experience to implement the required trading plan. you must have a plan otherwise you are not in control and will find yourself being attracted to those who post a load of bollox about nothing of any substance
for the purpose of this discussion we will only talk about a daytrading plan, as it can be the least risky if you know how to set up the plan correctly
so what does correctly mean?
i see you have been called MN in the past so I will refer to you as MN in the future. to be polite and civil i will also sign off as TO
TO
Quote from SnakeEYE:
A friend of mine made $900 yesterday,and he knows nothing about trading at all.It was his first trading xp,and he said, - ''when goes up - i buy it,when goes down - i sell it.''The end.
birds of a feather, flock together
it is time to state some facts in this thread and stop the silly posts:eek:
in all commercially run organizations there will be always be someone trying to come up with ideas on how to improve on performance and thus enhance the bottom line. most of what is tried is derived from what has already been "tried and tested" by others. one of the most famous ideas is the toyota lean manufacturing system, and this has been "copied" by thousands of companies worldwide
along comes the fukushima disaster and suddenly the weak spots are quickly identified in the process. why was such an event not allowed for in the plan, as toyota has plenty of money to implement such a plan if required?
there is a single word that comes to mind, and when this word is brought into the trading game the outcome can be disastrous for those who decide to participate
think before you type!
TO
what information does this picture show and what information does it not show?
TO
TO
we now insert the candle into the big picture and see if we can see what we are missing!
TO
TO
As of Jun 24, 2011
Down 69.78 points this week, or 0.58%, to 11934.58
Down seven of the last eight trading weeks.
Today: DJIA, down 115.42 points, or 0.96%.
Biggest point and percent drop since June 15, 2011
Down three consecutive trading days.
Down 255.43 points, or 2.10%, over the three-day trading session.
Lowest close since June 15, 2011.
An intraday high of 12057.19 occurred at 09:31:35 today, representing an increase of 7.19 points, or 0.06%.
An intraday low of 11925.42 occurred at 15:53:24 today, representing a decrease of 124.58 points, or 1.03%.
Three of the 30 component stocks rose, 27 fell.
Today's top contributors to The Dow's movement and their point contribution: DD (4.84), KFT (2.57), BA (0.08).
Today's laggards: XOM (-12.56), CVX (-11.05), MMM (-10.97), IBM (-7.95), WMT (-6.66).
Down 2229.95 points, or 15.74%, from its record close of 14164.53 on October 9, 2007.
Up 17.65% from 52 weeks ago.
Up 82.29% from its 12-year closing low of 6547.05 on March 9, 2009.
Up 2.77% from its lowest close this year of 11613.30 on March 16.
Month-to-date: down 5.05%.
Year-to-date: up 3.08%.
TO
Down 69.78 points this week, or 0.58%, to 11934.58
Down seven of the last eight trading weeks.
Today: DJIA, down 115.42 points, or 0.96%.
Biggest point and percent drop since June 15, 2011
Down three consecutive trading days.
Down 255.43 points, or 2.10%, over the three-day trading session.
Lowest close since June 15, 2011.
An intraday high of 12057.19 occurred at 09:31:35 today, representing an increase of 7.19 points, or 0.06%.
An intraday low of 11925.42 occurred at 15:53:24 today, representing a decrease of 124.58 points, or 1.03%.
Three of the 30 component stocks rose, 27 fell.
Today's top contributors to The Dow's movement and their point contribution: DD (4.84), KFT (2.57), BA (0.08).
Today's laggards: XOM (-12.56), CVX (-11.05), MMM (-10.97), IBM (-7.95), WMT (-6.66).
Down 2229.95 points, or 15.74%, from its record close of 14164.53 on October 9, 2007.
Up 17.65% from 52 weeks ago.
Up 82.29% from its 12-year closing low of 6547.05 on March 9, 2009.
Up 2.77% from its lowest close this year of 11613.30 on March 16.
Month-to-date: down 5.05%.
Year-to-date: up 3.08%.
TO