Why Is The Obvious Not So Obvious?
- Thread starter nysestocks
- Start date
Are you still short with puts, Jsmith?
PS - I liked the chart with the put/call volume on it. Interactive brokers?
PS - I liked the chart with the put/call volume on it. Interactive brokers?
Yes EM, IB TWS for option data..long 3 no. SPY puts at the moment..small drawdown..nothing to worry about..did not expect a run above 2024 on SPX..but that is trading..will see what transpires next week..time of year would imply some up..but data would imply some down..only time will tell
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It really is irrelevant as to what one uses to assist with decision making, as what can be easy for one can be very hard for other.
However, time has shown that there are certain "approaches" that can yield far better results than others.
Time has also shown that most people who make money lose it all back, with some more with it.
It is no good making money if you can't hold on to it.
The "obvious" is part of the "approach", not part of the keeping it, hence even if most were shown the obvious today, odds are they would still give the money that they make back.
Those who have learned to keep the money they make can benefit greatly from the obvious - which of course - is not so obvious to most!
J_S
However, time has shown that there are certain "approaches" that can yield far better results than others.
Time has also shown that most people who make money lose it all back, with some more with it.
It is no good making money if you can't hold on to it.
The "obvious" is part of the "approach", not part of the keeping it, hence even if most were shown the obvious today, odds are they would still give the money that they make back.
Those who have learned to keep the money they make can benefit greatly from the obvious - which of course - is not so obvious to most!
J_S
Ah yes, buy low sell high. But in relation to what previous prices?
Support and resistance
Fading measured moves after they have completed
Anticipating a measured move
Top/bottom of channels
Top/bottom of value areas
Breakouts
Failed breakouts
exiting consolidation
expanding volatility
increased volume
decreased volume
In general the market goes down when the inventory is plenty long, but how do you tell when the market is moving directionally vs volatility??
Support and resistance
Fading measured moves after they have completed
Anticipating a measured move
Top/bottom of channels
Top/bottom of value areas
Breakouts
Failed breakouts
exiting consolidation
expanding volatility
increased volume
decreased volume
In general the market goes down when the inventory is plenty long, but how do you tell when the market is moving directionally vs volatility??
To get long a call, you have to spend money = debit spread
Does that purchase negatively affect a stock's price?
Does that purchase negatively affect a stock's price?
Apart from Edgar Cayce, I do not know of any other person that was, or is, able to predict with repeatable accuracy, future events - most of Cayce's work was recorded by his secretary and are still available as far as I know, in other words, historical facts to support theory.
Cayce did give some silly "readings" bout Atlantis and other mumbo jumbo, but there is a very thin line between a genius and a madman, so I ignore his "silly" moments.
The big question, therefore, is it possible to predict future price at the present time?
The answer is of course NO, unless you are exactly like Edgar Cayce, but the reality is that you do not have to predict the future price to make money, but you do need to know what you are doing and why you will lose money if you do not do certain things correctly !
J_S
Cayce did give some silly "readings" bout Atlantis and other mumbo jumbo, but there is a very thin line between a genius and a madman, so I ignore his "silly" moments.
The big question, therefore, is it possible to predict future price at the present time?
The answer is of course NO, unless you are exactly like Edgar Cayce, but the reality is that you do not have to predict the future price to make money, but you do need to know what you are doing and why you will lose money if you do not do certain things correctly !
J_S