Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
couldnt say,as i have no idea who the generals are and what they are doing on a daily frame.
I saw this coming. Nearly 600 pages must obviously be on the obvious.
I think that the obvious is just that, the obvious. It's only on the trading forums that it becomes something else.
But this is not the worst trading forum. I suspect that at least two people here are making money trading and I am one of those.
I know of a forum where everyone is definitely losing money and its founder's biggest claim to fame is that he has blown two trading accounts. Apparently blowing his first account did not tell him that he obviously sucks as a trader.
I think that the obvious is just that, the obvious. It's only on the trading forums that it becomes something else.
But this is not the worst trading forum. I suspect that at least two people here are making money trading and I am one of those.
I know of a forum where everyone is definitely losing money and its founder's biggest claim to fame is that he has blown two trading accounts. Apparently blowing his first account did not tell him that he obviously sucks as a trader.
I am about 95% sure I came across the publication that contains the obvious. To be sure, I reread a lot of the OP's hints, etc and it re enforced this IMO. Redneck can attest if he chooses to, no worries though.
It bothers me that these guys went to all this trouble to call people idiots, when they were once idiots themselves. Truly understanding the mechanics of price is the obvious. Then it is not so difficult to BLASH, SHABL.
BD
BTW, this publication is out there...but rarely talked about on any forums. Those fat cat a-holes went to great lengths to squash it...
It bothers me that these guys went to all this trouble to call people idiots, when they were once idiots themselves. Truly understanding the mechanics of price is the obvious. Then it is not so difficult to BLASH, SHABL.
BD
BTW, this publication is out there...but rarely talked about on any forums. Those fat cat a-holes went to great lengths to squash it...
Thank you, very, very, much for this suggestion.
What a read !
I had already read it once maybe a dozen years ago, I remember that i had appreciated, but that's all ( And I must confess that I decided to take a look again because I remembered it was a quick read, and now I certainly do not regret ).
With the years passing by it really was different this time.
I wish reading charts would make as much sense to me as this book ( which may mean that there is still some "things" that I miss, for now ).
And by the way, a lot of segments made me think to what is said in this thread.
So, thank you RedDuke
030985
For a consistently losing trader, reversing the buy/sell orders should in principle produce a consistent winner. I recall both you and NY saying something along those lines. Trouble is it won't work if the trader is still monitoring the position and acting according to the way they think. For a losing trader the desire to win and not lose will always sabotage the outcome to produce long term loss.
The way to win long term is to develop the ability to spot opportunities, enter when the odds of success are best, with the target gain much exceeding the possible loss, and exit quickly for a relatively small loss if the trade hits the stop.
The understanding is that following the plan for a trade, win or lose, is success.
What can go wrong? Failing to see opportunities, being sucked/deceived into trading when there is no real opportunity present, failing to quickly exit a losing trade and hoping - the disposition effect. Fear of failure causes failure.
So we know what is to be done, its obvious.
Well reversing the buy and sell button, I assumed, would not remedy this. I never looked at the detailed math, My assumption was that a loosing trader gets hit by the fact that starting with 1000$ and loosing half is mathematically easier then building from 500 to 1000$ (loosing 50% vs making 100%). By this fact I assumed that reversing would lead to the same loss.
To be wrong more the 50% of the time is MUCH harder then being right more then 50%. If a new trader is wrong more then right in real after fee dollars than he is a genius.
Id chalk trader losses to math over the monitoring. If you have evidence of what you seem to state let me know, Ill look at my old statements and learn what i did and reverse it ! lol