Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
I will also take a stab at TIME=MONEY. If time = money then the more time the more money it equals. I am not sure if this is relevant to looking over several time frames or just managing a trade.
For example
The longer I can stay in a trade the more money I can make per this saying. I am not sure how this would apply to a bad draw down in just holding on. Maybe I need a really tight stop because it would take me out in a short period of time and therefor cost you just a little money? Then timing an entry would be crucial.
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Also in regards to the rhyme about not looking back, maybe it has nothing to do with past TA and only with what price is doing once in the trade.
Example
- Place the bet and then see how price unfolds. If it is moving up in your time frame, then stay in and if it not then get out. How to manage the stop or profits I am not sure.
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Looking at the part about BOB and the BOX. Somehow price over a period of time is being put in a box and then traded within a set time frame. This could be the same box the generals look at and trade relative to what they care about. Maybe looking for the BOB in that larger time frame and trying to trade the following day near the open is good for a directional move.
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One final look at time but I am not sure how TIME=MONEY with this one. Is TO asking us to consider looking and learning the price actions at specific times of day? 10am, 11am? Reversals at those times? Volume?
Just some thoughts.
For example
The longer I can stay in a trade the more money I can make per this saying. I am not sure how this would apply to a bad draw down in just holding on. Maybe I need a really tight stop because it would take me out in a short period of time and therefor cost you just a little money? Then timing an entry would be crucial.
-----------------
Also in regards to the rhyme about not looking back, maybe it has nothing to do with past TA and only with what price is doing once in the trade.
Example
- Place the bet and then see how price unfolds. If it is moving up in your time frame, then stay in and if it not then get out. How to manage the stop or profits I am not sure.
-------------------
Looking at the part about BOB and the BOX. Somehow price over a period of time is being put in a box and then traded within a set time frame. This could be the same box the generals look at and trade relative to what they care about. Maybe looking for the BOB in that larger time frame and trying to trade the following day near the open is good for a directional move.
--------------------
One final look at time but I am not sure how TIME=MONEY with this one. Is TO asking us to consider looking and learning the price actions at specific times of day? 10am, 11am? Reversals at those times? Volume?
Just some thoughts.
The Obvious i think is to trade against the obvious.
I think the obvious is not so obvious because we are impatient some get a high from the adrenaline rush of trading. In other words, we like to pull the trigger, be in action and in the action.
Good trading is more like a sniper's waiting game.
Most days are not obvious, and on these days the rewards are low and the risks are high so we are better off not trading most days.
However, some unique days, are very obvious and ideal to rake in large amounts of cash with very little risk if we trade what we see.
In conclusion, to me the obvious, that's not so obvious, is to only trade the obvious days
FoN
Good trading is more like a sniper's waiting game.
Most days are not obvious, and on these days the rewards are low and the risks are high so we are better off not trading most days.
However, some unique days, are very obvious and ideal to rake in large amounts of cash with very little risk if we trade what we see.
In conclusion, to me the obvious, that's not so obvious, is to only trade the obvious days
FoN
If I could just see the bottom of the moat forming,
My entries suck. Just had my first losing trade,
since reading this thread, sniff sniff, ok f-u,don't feel bad, ha.
Took quick loss,by the book.
Grrrrrh!
And the kookoo part, no volume, no indicators, just focused hard,
did cheat a little and watch the _ _ _ .
I went thru a bunch of stocks, and I see the cows, see the patterns.
Saw the crown forming today, I'm just not hitting the right entry.
The movement up then down, is that hard stops getting taken out?
My entries suck. Just had my first losing trade,
since reading this thread, sniff sniff, ok f-u,don't feel bad, ha.
Took quick loss,by the book.
Grrrrrh!
And the kookoo part, no volume, no indicators, just focused hard,
did cheat a little and watch the _ _ _ .
I went thru a bunch of stocks, and I see the cows, see the patterns.
Saw the crown forming today, I'm just not hitting the right entry.
The movement up then down, is that hard stops getting taken out?
Quote from The Oracle:
Quote from crazyAtrader:
The secret is in the recognition of high probability areas with low or even no heat not in what must be done.
I could care less about the philosophical aspects of it.
Crazy A [/QUOTE
ok then CA..post a simple chart to show us all what you are talking about..and don't be afraid..we will not bite your ass
ok then NY/MC/TG/TE/TO..post a simple chart to show us all what you are talking about..and don't be afraid..we will not bite your ass
Quote from J Ski:
This would be the curve ball. Guess it looks like the
top of a ball.
I did a low risk one, saw the moat, could have got
in earlier and it would have been nice,
but I saw the crown, going to where it was, then put the sell in,
and let it go.I have a morbid fascination with BAC. I'll have to work on that.
Didn't do this one, tried on one I been watching
My last post should be discounted, emotions were high.
Trading with a "pit boss" is tough, and I became distracted.
Order in, moment I put it on, I
knew it had to be canceled, but one thing
with fidelity, the orders are QUICK !!.
First trade that I cut as fast as possible and it wasn't fast enough.
One thing paper trading doesn't do, when there is nothing to lose it is not
the same as having the order in.
Have read enough posts, person trades in the past through backtesting,
then starts live and whammo!.
Friday, watched 2 stocks and monitored 2 market indicators, and saw the
error on my entry points.
Keep losses small, every post that I read on the people I follow on here,
is so important, and hard to do. First one is tough,I knew it would be so I was on guard that it would cause some confusion, and it did.
I see the cows and I do have one little cheepie I have followed. I call it the Giant worm. It is a ride like the carnival children's ride. It is slow and giant and crawls and undulates.
The cows are nice, and I see why they are nice. And not all those that belong to the group are cows.
Trading with a "pit boss" is tough, and I became distracted.
Order in, moment I put it on, I
knew it had to be canceled, but one thing
with fidelity, the orders are QUICK !!.
First trade that I cut as fast as possible and it wasn't fast enough.
One thing paper trading doesn't do, when there is nothing to lose it is not
the same as having the order in.
Have read enough posts, person trades in the past through backtesting,
then starts live and whammo!.
Friday, watched 2 stocks and monitored 2 market indicators, and saw the
error on my entry points.
Keep losses small, every post that I read on the people I follow on here,
is so important, and hard to do. First one is tough,I knew it would be so I was on guard that it would cause some confusion, and it did.
I see the cows and I do have one little cheepie I have followed. I call it the Giant worm. It is a ride like the carnival children's ride. It is slow and giant and crawls and undulates.
The cows are nice, and I see why they are nice. And not all those that belong to the group are cows.