Why Is The Obvious Not So Obvious?

[J_Smith]

Just closed my crude oil options, as this was a trade gone wrong and I had to take on some more risk to recover, was down close to $800 at one stage.

The other is an option trade on ES last night, it got filled as I had sell limit in. I lost out on some profit, bout $500 to be exact, but who cares, as I made money without watching the market.

J_S

I used this chart to close my crude oil options

 

[baron193]

And there we have it

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

You've just been placed on the idiot list

I'll see your posts.., but don't count on me responding

RN

An unusual response from someone that's supposed to be open minded, how can you dismiss someone's way of trading just because it's different to yours.
You wouldn't catch me posting exact analysis on a chart posted on a public forum from a stranger, at least not anymore, not if you think you have got to a point in trading where what you have learned has some value.
It might sound a bit like my head has got too big but I do know exactly what I have to do to make money, the problem is I many times still think I should tell price what to do.
After all if you exclude the buying or selling point price can only do two things.
The devil is in the detail, but the detail is usually a lower TF.

 

[J_Smith]

I am going to risk some of that money I made on an ES put, maybe I can pump it up

J_S

If the ES breaks out to new highs, I might buy a second put at lower price, but will see what happens before the close, as I have no clue what is going to happen next.

 

[J_Smith]

An unusual response from someone that's supposed to be open minded, how can you dismiss someone's way of trading just because it's different to yours.
You wouldn't catch me posting exact analysis on a chart posted on a public forum from a stranger, at least not anymore, not if you think you have got to a point in trading where what you have learned has some value.
It might sound a bit like my head has got too big but I do know exactly what I have to do to make money, the problem is I many times still think I should tell price what to do.
After all if you exclude the buying or selling point price can only do two things.
The devil is in the detail, but the detail is usually a lower TF.

The whole theme of this thread is low risk, and trading with no stops is not considered low risk, ask The Obvious what he thinks about using no stops!

No one cares what WW does with his money, but some of us do care when he puts out silly statements about trading with no stops, regardless of how much he wins or loses, it is not good practice, and in fact, you can make a lot more money trading with stops, that without them, providing you know what you are doing, meaning being able to use charts to trade effectively.

Any person that trades without stops, is either using OPM, or does not know anything about using charts for trading.

Common sense really!

J_S

 

[J_Smith]

BL 1875 sell at 1888

SH 1867.5 buy at 1857.5

I put in your 2 trades, and removed outside regular hours.

None of your trades were available during normal hours.

Are you available to trade outside regular hours?

J_S

 

[baron193]

No! I disagree, I know of at least one trader (both intraday and longer term) who is very successful and does not use SL, he has different ways to manage the trade which suits him and the way he trades.
He's also fairly well known (among some circles )and his success is measured in $millions, so who am I to criticise his ways?

 

[J_Smith]

I think I might get filled shortly?

J_S

 

[J_Smith]

No! I disagree, I know of at least one trader (both intraday and longer term) who is very successful and does not use SL, he has different ways to manage the trade which suits him and the way he trades.
He's also fairly well known (among some circles )and his success is measured in $millions, so who am I to criticise his ways?

We are not talking about people with millions, for that is well known, for, money makes money, everyone knows that.

Here is one for you. I know a way to make money, where by you can not lose, but, in order to do so, you need at least 1 million sterling, and if you have more even better, you can make more.

There you go, a way to make money that you can not lose, guaranteed, ask your millionaire buddies bout that and see what they tell you.

We are on planet earth here, not daydreamers, and we are only interested in making thousands, not millions.

J_S

 

[Redneck]

An unusual response from someone that's supposed to be open minded, how can you dismiss someone's way of trading just because it's different to yours.

Trading is unique in that it requires flexibility (complete open mindedness)..., and inflexibility (complete closed mindedness)

I don't begrudge any one trading any way the prefer - more ways to trade successfuly than I can count

When it comes to risk management (and a handful of other trading aspects) - I am totally and completely inflexible

It can certainly take different forms - but everyone uses stops - period

If the don't - they have..., or will fail.., if they proclaim they don't - they are idiots.., soon to fail

RN

 

[J_Smith]

I don't like buying close expiring options on a Friday, due to time decay, but this might be worth the risk, and it is small risk anyway, even at 2 contracts. Of course, the ES may keep going up some more, but as I will know my max risk I am not a bit worried.

If we break above 1897.50 on ES, I should get filled.

J_S