Why Is The Obvious Not So Obvious?

Pelt said:
Are you sure? It was postulated that she could be a cook, as cooks are tend to get greasy.
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Of course you are correct, as the only real way to find out is to ask William, but as he is no longer hanging about that is not going to happen.

Good point. When we read something, we should always keep in mind that what is written is just the opinion or thoughts of someone else. Unless the words are backed up by solid proof, then they really mean nothing (in relation to trading). I would say, off hand, that most of what is put forward in the pdf can easily be backed up by solid proof. This makes the pdf exceptional in relation to the financial markets, and thus the book deserves some serious thought on the part of the reader. There is only one area (i mentioned it when i sent on the pdf) where I tend to disagree with some of the authors words, but if you go back to the theme, then it easy to see that he is in fact correct there also, as, when you get hung up on specifics it is very easy to get sucked back into the fairy tale world of financial derivatives. The basics of finance will never change, it is just the people who suck money out of the markets that will change, and no doubt come up with ever more ways to keep the big fat finance wheels turning :)
 
wtfauoa said:
Like the poem break down, make sure you understand the breakdown of the PDF, especially the bit about why and how financial derivatives came about, and what their main purpose is.

It really is amazing how simple it all is when explained in a clear and precise manner, with no bias or alternative motives.

You can now see why nearly every book written on TA is useless, and just a pure waste of time and effort.

As mentioned, the first step is awareness, and the PDF will make you more aware than 99% of those who try. The book is worth it's weight in gold, and if I was one who just got the PDF I would make sure I buy the book. Funny, I bought my copy for less than $5 including postage, just shows, does it not :)
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I have read (just first reading, I can already see it deserve further readings) about half of it and I find it interesting and informative.
I deem myself very lucky in my path to trading as I stumbled on this thread as I opened my trading account about 3 years ago and immediately decided to avoid the usual path of reading books about TA, FA, etc. to this day I have read none and thus I had to find my own way into profitability.
While I still followed the usual (necessary) path of loosing big money in the first year (about 40K) as I over-leveraged and over-trade without really having a clue about what I was doing...
Then I realized (better late than never) that I did not have a clue about what I was doing and decided to stop trading until I figured some things out (I only paper traded for about a year).
once I figured some things out and became consistently profitable on paper trading for several months (I think it was 9 consecutive months) I decided to go live again, very prudently, since then (March 2016) I have been consistent and profitable and of course things are getting better with time passing as I fine tune my trading method and reduce more and more the impact of my mistakes.

so thanks for luck and TFF and this thread I had an unusual path which likely account for the unusual short time I took me to be consistent (I read all the time on this forum of traders going 10+ years before reaching some consistency).

as the content of the book goes (so far into my reading) I kind of figured it out form this thread and from my thinking, now the book is giving me a good detailed explanation about the finance world, while I think that it might be a bit outdated on some aspects I agree on the overall depiction of the financial markets in it.
 
http://highered.mheducation.com/sites/dl/free/007337590x/238719/TheOriginsOfDerivatives.pdf Food for thought :).

We are to live to only 80 years on this planet, maybe more maybe less based on statistics. From those that understand and follow what is being said, very few will understand and take action on what the obvious is. Lets guide, lets help,,,, even if the people who followed this thread took action it would still not affect our approach. Time to give back before we pass.
 
dontrader01 said:
http://highered.mheducation.com/sites/dl/free/007337590x/238719/TheOriginsOfDerivatives.pdf Food for thought :).

We are to live to only 80 years on this planet, maybe more maybe less based on statistics. From those that understand and follow what is being said, very few will understand and take action on what the obvious is. Lets guide, lets help,,,, even if the people who followed this thread took action it would still not affect our approach. Time to give back before we pass.
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I do not believe in the giving back bit, but I do believe in people helping themselves. The world is full of those looking for things for nothing. I say " pity about them", you have to earn what you get, one way or another.
 
The world is full of those who prosper at the expense of others. Some do it illegally, and others do it legally. No need to explain, as it very "obvious". One of the biggest scams is charities that help 3rd world countries. Of course some aid gets thru, but it is only a fraction of what is collected. I say keep your money, and if you want to really help another person, then either hand the money to them yourself, or help them to help themselves. A fool and his money are easily parted, and not just in the markets.

What was the name of the skinny old looking tramp that had all the boys robbing pockets and begging :)
 
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