Why Is The Obvious Not So Obvious?

The obvious.
Insider information.

But...don't do what Mark Cuban done.
With all that money he has.
Consult with your attorney before you sell stock to
avoid losing $750,000.
Attorney fee for an hour of consult would have cost $357.00.
Attorney fee after being charged with Insider Trading, probably 3 x $357.00.
Or he should have at least reviewed the book.
Insider trading for dummies.
 
Quote from J Ski:

The obvious.
Insider information.

But...don't do what Mark Cuban done.
With all that money he has.
Consult with your attorney before you sell stock to
avoid losing $750,000.
Attorney fee for an hour of consult would have cost $357.00.
Attorney fee after being charged with Insider Trading, probably 3 x $357.00.
Or he should have at least reviewed the book.
Insider trading for dummies.
More...

^^^^^^^^^Welcome to the NSA, SEC watch list.:)
 
Quote from OverDriven:

I don't think so. The thing that really annoys me about threads like this is it leads newbies to waste tons of time and effort. Being a newbie takes enough time as it is. Leading them on a wild goose chase with hints of some secret that will make them rich is just wrong. The internet is full of garbage like this when it comes to trading. I'm not exaggerating when I say that easily 95% of what you read on the internet (and specially forums) about trading is written by people who either trade a demo account or have blown real accounts.

Successful trading in 3 steps:
1. Find the trend.
2. Make sure it is fundamentally sound (the trend is based on some kind of news that the masses are reacting to).
3. Find a reasonably low risk entry point.

You don't even have to wait for a retracement, though your risk/reward is much better if you do. You can just buy in an uptrend with a stop below the previous support/resistance level and chances are very good that you'll be profitable.

I'm dead serious. That's it. Don't make it any more complicated than it needs to be.
More...

Admit it chum, you are hooked :cool:
 
OT(I feel like crap.
Cold or flu with back strain, beaten into humility)

3 days of night fever, can't remember which post I was going to comment on.

At any rate I got so sick with doctor's mistakes on prescribing meds, that I am trying to shake this without meds.
I'm a mess.

Just wanted to say sincerely...thank you to whoever the original poster is. Even though I don't obviously know what the obvious is, it's been a discussion thread that has been extremely interesting, and helped me think about things in different ways.
 
Obviously the obvious is not so obvious because it has taken this thread thousands of posts to say absolutely nothing meaningful, including this post.
 
Quote from RedTankEra:

Obviously the obvious is not so obvious because it has taken this thread thousands of posts to say absolutely nothing meaningful
More...


Indictment on this thread… or the participants who don’t get it & naysayers

Rhetorical of course

======================

There is ample food for thought - or not


RN
 
Quote from Redneck:

Indictment on this thread… or the participants who don’t get it & naysayers

Rhetorical of course

======================

There is ample food for thought - or not


RN
More...

I've been around long enough to have made it over a decade ago, when you want to help, you help, you don't go with obfuscating bullshit to confuse even further those already confused. You just do it you provide in a clear manner and you move forward, this, this is ridiculous.
 
Quote from RedTankEra:

I've been around long enough to have made it over a decade ago, when you want to help, you help, you don't go with obfuscating bullshit to confuse even further those already confused. You just do it you provide in a clear manner and you move forward, this, this is ridiculous.
More...

A decade and counting – bully for you

=========================

Yes, there are many ways to help - the least effective in trading – is to “just do it”


Ever shared something so simple, yet effective – only to have the one you shared with - blow it off


There are reasons for that – none of which is likely the recipient’s shortcomings


=======================

Why the people, who don’t get this thread, continue to poke at it – is laughable

Keep on truckin


RN
 
Quote from Redneck:

A decade and counting – bully for you

=========================

Yes, there are many ways to help - the least effective in trading – is to “just do it”


Ever shared something so simple, yet effective – only to have the one you shared with - blow it off


There are reasons for that – none of which is likely the recipient’s shortcomings


=======================

Why the people, who don’t get this thread, continue to poke at it – is laughable

Keep on truckin


RN
More...

Redneck, it is no secret that when you are trading, your worst enemy is yourself. Most people get that after a bit of trading. The ego will always lead you down the incorrect path. The ironic thing here is that you guys are using your "egoless" philosophy to pump up your egos here on the forums. I guess you can't escape the man in the mirror after all, can you?

Yes, trading by what the ego tells you will lead to losses. However, please don't act like you guys have shared some amazing, esoteric information with us. Knowing yourself is a requirement for profitable trading, but it is not the only requirement. You will not magically know the market's moves just because you can see through the distortions of the ego. It's a good first step, however.

One other thing that has been bothering me about this thread is that it's based upon a "statistic" that was invented out of thin air - that 90%+ lose and 10% or less win. Some here have even claimed that 99.9% lose. It's pretty simple to do some research and find that the truth is quite different. The 90/10 figure has been circulating around forums for a LONG time, and that is where it was invented. CFTC data, for example, will show you that it's more like 60/40. That tells me that profitability is mostly random, with a small edge to those who have some skill.

No one here is blowing off your advice. It's just that most people already know it. You guys are the ones who apparently think it's the grail. I'm actually convinced that none of you are as experienced as you claim or you wouldn't be acting like defeating the ego is the be-all-end-all. It's common knowledge, and as I said it is a good thing to have in your toolbox but it's not the grail.

I'm glad you have found something that you think works for you. Now go use it instead of inflating your ego here on the forum with it. You and I both know that you're only working against yourself by doing that.
 
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