Why Is The Obvious Not So Obvious?

Quote from The Oracle:

it does not matter what the market does..what does matter..is what the trader does
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Fair enough:)

It took me over 6 years to see my obvious, and i'm now just realizing the simplicity of the markets. I just need to refine my execution skills. Took a break from it 5 years ago after I bought a home and started a family. Not much room to gamble

I haven't touched a trading book for a while. Do you recommend anything that may help us think for ourselves? Doesn't have to be trading related. Thanks
 
Quote from Shazbatz30:



I haven't touched a trading book for a while. Do you recommend anything that may help us think for ourselves? Doesn't have to be trading related. Thanks
More...

We cancelled the Directv.
Have not watched tv for about
a month straight .
We play console games on it.
I read the feeds that come on ATP.
First week was a little strange but as soon as
you realize most of the shows are pure shit
it gets easier.
Do something to divert your brain from
the market, give it some downtime and you
will find that you have alot of energy to focus
on trading and enjoy it.

Take up a hobby, art, music, writing, put away the calculator
do some math by hand, garden, read poetry, do something
completely different then what you would normally
ever think you would like doing.
 
Quote from nysestocks:

6) BLASH and SHABL about 90%

7) BHASH and SLABL about 10%

Hey TO, if you're still lurking out there... is it more like 88.88% and 11.11%? If it requires further explanation then obviously not :D
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Quote from Mysteron:

2r3z5l1.png


I've been watching DV out of curiousity as to how it behaves. The ADR has been decreasing in recent weeks. Lots of levels and 35 seems significant.

Now the EU leaders have agreed, except for Cameron, maybe US stocks will proceed more orderly.
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back to 35 again.

regards
The bogan
 
Quote from Mysteron:

2r3z5l1.png


I've been watching DV out of curiousity as to how it behaves. The ADR has been decreasing in recent weeks. Lots of levels and 35 seems significant.

Now the EU leaders have agreed, except for Cameron, maybe US stocks will proceed more orderly.
More...

Higher low in this chart, and it wouldn't have taken very long to see where the most recent low was.

If it goes into the 35-35.40 range it's a lower high, but if it keeps going, unless it's into the next range it'll still be a lower high where the market will reverse down.
 
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!
More...

Quite a long thread, it took a while reading it and the other related thread 'If you want to fail as a trader, study TA'.

So to summarise what seems to being said:

1. A daytrader requires an instrument with adequate daily range.

2. TA is not needed.

3. Volume is not needed.

4. Trend lines are not needed.

5. Note horizontal S/R levels where the major players react.

6. Enter trades close to those levels for high RR.

7. Set a price target based on measured moves.

8. Set a stop loss based on volatility of bars on the TF being traded.

9. Trading is gambling, so play the odds.

10. Trade what you see, not what you think.

11. There are no experts, except The Expert.:)
 
Quote from davroz:

Quite a long thread, it took a while reading it and the other related thread 'If you want to fail as a trader, study TA'.

So to summarise what seems to being said:

1. A daytrader requires an instrument with adequate daily range.

2. TA is not needed.

3. Volume is not needed.

4. Trend lines are not needed.

5. Note horizontal S/R levels where the major players react.

6. Enter trades close to those levels for high RR.

7. Set a price target based on measured moves.

8. Set a stop loss based on volatility of bars on the TF being traded.

9. Trading is gambling, so play the odds.

10. Trade what you see, not what you think.

11. There are no experts, except The Expert.:)
More...

Pretty close to my thoughts as well. Except for number 8 I don't recall advise on stop losses being based on volatility, but, I'll recheck my notes. I'll add in:

12. Generals play in the higher timeframes follow the higher time frames.

13. Don't predict just react (close to number 10.)

14. Bee's buzz around those important levels.

15. Most of the riddles were to hard for my tiny brain.

16. Apparently box's save your sox'x. :D

17. This is hard work.

cheers
TheBogan
 
Quote from BobbiDigital:

It is my experience that the patience and discipline come once you start thinking differently. Then you are naturally waiting for the market to show its hand to identify a good opportunity. Otherwise you are chasing or blindly entering and exiting predetermined trades..so is 'the herd' and you will be shaken out.

I've been down that painful road and finally realized you can't impose a system on the market without putting it into context. Salesmen get paid to sell some gaudy red light green light trade system. Traders get paid to play the probabilities as to what is most likely to unfold and manage risk.
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gr8 post. I'm wondering with such a mindset how often do you get trade signals?
 
first in trading there is no obvious things. it is just full of uncertainity.

if you know it is a winning trade, why not all in? since it is not obvious, you have no idea about your position whether it will win or not

if you know it is a losing trade, why bother to enter? if I know beforehand, I will avoid it totally even no single share.

money management or position size, just some academaic guys talk. it is non-sense. since they suppose

suppose means ideal considerations. or daydream situations.

just like an engineer, try to model some reality to some mathematically descriptive fucntions.no matter what they try to fit, always there lots of exceptions.

warren buffet do not use position size, if he thinks it is a winner, he all in. why not?





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!
More...
 
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