Why Is The Obvious Not So Obvious?

The Obvious · Jul 17, 2015

Mysteron said:
Do you ever get the impression that you are talking to yourself?

My shrink warned me about that

The Obvious · Jul 18, 2015

The Oracle said:
having reviewed some of the posts in this thread i have spotted 3 words in the opening post (or 4 depending on how good your english is) that seems to have been overlooked by the majority. if i tell you the words then i will be doing you a grave injustice.

(Last session of talking to myself for a while)

3 words - no use whatsoever
4 words - no use what soever

Vindago · Jul 21, 2015

The Obvious said:
3 words or 4 words.

What is the obvious pre-requisite to trading any market (be it stocks, commodities, currencies or widgets)?
https://en.wikipedia.org/wiki/Widget_(economics)

Never really noticed before but the Obvious does not seem to be something regarding trading in itself but something that we need to be aware of before trading any market:
aware of the obvious pre-requisite

The Obvious · Jul 22, 2015

Vindago said:
Never really noticed before but the Obvious does not seem to be something regarding trading in itself but something that we need to be aware of before trading any market:
aware of the obvious pre-requisite

When I first stumbled across this thread I assumed the Obvious was something to do with the mechanics of trading. The OP said that, on their own, risk management and position sizing were of no use. Many of the early replies said "having an edge", which is how I would have answered, but the OP said that wasn't the answer he would give. The OP also asked what is the edge? Some replies mentioned having sufficient capital, which the OP said was obvious but not the Obvious.

If I took away capital, edge, risk management, position sizing it didn't leave a lot in terms of what I understood trading was all about.

The OP also said that "there are very few traders that really know how the markets operate". And I realised that I wasn't one of them! So I decided to do some thinking...

Vindago · Jul 22, 2015

OS, exactly! It is a long and difficult journey but still a necessary one that requires a total shift of thinking.

jop · Jul 22, 2015

If your request still holds, PM me.

J_Smith said:
I made a simple request that still stands.

If I missed some posts that have the password then please feel free to tell me the page no. so I can look it up and open the file. I am only interested in this one file, no more, as that will suffice.

You say everything you need to know is already in front of you on the chart, but surely it depends on your interpretations of what is in front of you, and more importantly, what your actions will be as a result of your interpretations.

"Great minds think alike, but fools seldom differ"

J_S

barcadia · Jul 22, 2015

you need to shift your thinking.
You must do what is needed to make GOOD money

Vindago · Jul 23, 2015

Yes, swim with the flow and not against it, as if you do you'll end up in one of the many traps of the Generals...

i960 · Jul 23, 2015

Vindago said:
Yes, swim with the flow and not against it, as if you do you'll end up in one of the many traps of the Generals...

You'll end up in that trap regardless. In fact, the "flow" can be a trap in itself.

The Obvious · Jul 23, 2015

I am currently thinking about how to exploit the Obvious, and that's not so obvious.

What I do recognise, though, is it's no use whatsoever me trading ever again unless I can figure this out.

PS. I gained quite a lot of insight reading these hard-luck stories about trading
http://www.psychforums.com/gambling-addiction/topic108461.html