Why Is The Obvious Not So Obvious?




I am considering explaining clearly to new traders what they "must" do if they want to succeed, but as I know only 1 or 2 will actually benefit from it, I might not do it.
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Funny how clear it is, It took me a long time to get it. But it is so clear now. You almost gave it away out of frustration it seems.
Its been years since we have been participating on this thread. Sometimes I wonder why we have it going. Maybe deep inside we are dying to tell. Or maybe we kinda just need it ;)

The only reason the thread has not been answered is cause the answer is the following....

Now go step by step... I know there is a clear short cut. But we all went down this route. The reason we don't tell is cause we had it hard. If everyone just jumps in at the money making part then there will be too many of use over saturating the market.

1. Get a trading account and read up on money management, indicators and what ever is hot.

2. Start trading and lose your shirt.

3. Do that over and over till it hurts so much you begin to ask the right questions.

4. Get your trading history and analyse it.

5. To increase profits through positive thinking Photoshop your results and put in big numbers. (Now you are getting on the right track!)


6. Open a new forum id.

7. Post 5-10 posts and offer the answer to newbies for anywhere between 300-10,000$ (try 10,000 if no bite 300) Statistically it is the most profitable way to negotiate to get maximum profit.

8 If they flintch, remind them of the favour you are doing them. (They honestly need your help in making a system and back testing it and making sure data is not fitted and money management is good... I mean you know how important it is right?
So help them make a system you wished you had at some point.

8. Make a new id cause obviously you were a bit to straight forward and were proven wrong.

9. Learn to be vague.

10. People who have been around for longer pay more for help

11. Build your reputation and learn how to market via blogging.

12 Try to bring up your posts to over 2000 posts and continue to help people.

13. Use more vagueness and don't get involved in the details when helping people. This can lead away from blaming your client for their losses.

14 Stop pitching people for 300$. It is much better to make them think you know a secret and have them come to you for it.

15. Every time you reject them the more they will pay on their next offer. But after 3 offers you may loose your client so on the second or third request drop the 10,000$ offer. (remember not cause you need the money, but cause you want to make sure that you are helping people that want to be helped. and not simply helping people that need to be help.


16. I know its hard, but try your best to keep track of your sales to see how much you make a month, maybe try to use a moving average so you know when you are doing bad.. Again I know it is hard going back to that .... there was alot of pain attached to those indicators, but it was them that made you who you are.

So remember the promise to make sure you blow a few accounts first. This is what weeds out people and keeps the competition out. Also you wont feel as bad blowing other peoples accounts cause you know as long as they be patient and blow more accounts they will one day become just like you.
 
After reading a bit further, I see we have moved to something more concrete.

What is being said above is simply bringing us back to our text books.

Make a strategy, back test it and then "run it". There is nothing to think about , so there is no reason to be emotional. Every trade is good even when it is bad as it is not the individual trade that matters but the accumulation of all the trades that matter.


The first and last 2 books I read both had this as their main focus.
We can go further and have many systems that working in different market conditions. We can make entries for a set of systems. ect.

This is nothing new. It's in almost every book.

This is why it is preferred to trade via a program as ones emotions can't interfere.

But again, there really is nothing to be emotional about is there? We are never expecting a trade to work.

I am surprised at the fact that people feel like they are learning something new.

The way the thread has been going on I was hoping for something that is a secret. But this obvious is obvious and if its not to you, read a book!

Risk management, strategy building, strategy back tests that are not fitted, take in to account fees and slippage. Take note of systems statistics like max draw down period, sharp ratio. max draw down time, standard dev. and play with the data. build it on half your data, and test it on the next half. Try it in up trends and down trends and consolidation periods. When do they work? add new strategies. Test them all in different markets. Can you identify when one strategy ends based on the chart? or when one starts to be good?

There I let the cat out of the hat ?
Why were you hesitant to give this information?
Its probably the first thing you come across after your first month or so of failure
 
Quote from TheMagican:

u r all bolloxingers
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Please, I see you do not post much, but to use we like to keep the secret under wraps. I understand your hint at the answer but do not be so obvious. Remember if your hints are to obvious the whole world will know!
 
The obvious is big players enter and exit above and below swing points, support and resistance levels. This is because (breakout) volume floods in at these areas allowing them to enter/exit huge positions without moving price substantially.
 
Good call. Makes sence If I was to dump stocks The idea place would be where new buyers are coming in. But, if I am dumping on a break out, I am not getting the best price. I could of tried to sell before the break out and got a better price.

Also, With that volume, One could time there buys and sells. and actually create a perfect trend line that is well respected so that people play it more creating more volume. But its tricky as you want to create a trend line in the opposite way of your trades.

I guess its all about time frames.

That being said, for some reason, looking at trends seems to have gotten more easy, I mean a simple moving average really helps. not as an entry point, but more so as the direction to take. But a moving average drawn in a bigger time frame .
 
You may be right perhaps they get out right at S&R. Traders love to hammer those levels, providing liquidity. It would be key to note the volume past the level, I suspect it most often drys up.
 
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