Why Is The Obvious Not So Obvious?

BONECRUSHER said:
He's done this before? Please tell us more.:confused:
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I haven't been on this forum in 9 months, but pages 450ish to 470 were a blast.

Hi JS, Hi RN, Hi OP (still waiting on that job offer btw)

This will be my biannual PSA: THESE PEOPLE ARE FRAUDS. DO NOT JOIN ANY PRIVATE TRADING GROUPS HOSTED BY THEM. YOU ARE THE PUMP AND THEY ARE THE DUMP (if you don't know what a pump and dump is I highly encourage you to do a Google search)
 
Very sorry to see JS go.

He may have been a bit sharp at times but I, for one, appreciated his directness. It's partly though his encouraging words that I am seriously considering giving trading another go.

I won't describe the approach I'm contemplating because I don't want any feedback, good or bad. (That's something I learned from this thread; think for yourself!)

However, if I do go ahead, I'll come back at some point and report how it worked out.

TTFN
 
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nysestocks said:
Why Is The Obvious Not So Obvious?

I have read thru some of the recent and distant posts in this section, and have come to the conclusion that; the obvious is not so obvious to many!

There appears to be a lot of textbook information being thrown around, especially in relation to position sizing and risk management.

What every trader has to realise, is that all the risk management and position sizing techniques in the world are of no use what so ever, unless the trader is aware of the obvious pre-requisite to trading any market.

It will be very interesting to see what answers the many traders come up with for the obvious, those with little and lots of experience alike!
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This is a great question in my humble opinion.

Bringing up "this is the text book on how to look at/perform X" should always be listened to and payed respect to both when just starting out learning and when experienced. They are there for a reason, same as cliches. Why ? Well, like them or not, cliches stay true through changes.

It's easy to forget though that we are all different, and it is perfectly ok to stray from the textbook and cliches.

This is especially important to be aware of since markets are always unique and never the same.

It requires humility both ways. Humility in listening to experience from others when you are new to trading but also to stay humble when experienced as a trader since things always change.

The only constant I'd say is that things are always in flux, always changing.

In my humble opinion, in position sizing as in all aspects of the trading profession, finding your personal style/groove is the most important skill to learn followed closely by humility.

..but that's just my opinion, at this point in time.

/Robert
 
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