Why Is The Obvious Not So Obvious?

[steven21]

Can anyone provide the Amazon link to the book? Thanks...

 

[algofy]

Some years ago I used to think that giving up a "normal" job to daytrade was a wise decision. Today, I am happy to say that I now know and understand why it is a ridiculous and unwise decision, especially if the normal job pays good money. It is easy now to understand the why, which is the reason I gave the deserving few the PDF. If for whatever reason, after reading the book ( I suggest you buy the book, as reading a book is different to reading a digital copy) you fail to see the realities of the financial markets, then I really think you should consider parting with the trading world, as the odds of you becoming just another stat are very very high.

I want magic book.

 

[algofy]

Hmmm, I actually just did that (quit my job to day trade) few months ago and for the time being I am pretty happy about my choice. Of course I came to hate my job as it was killing me (literally) and I have some financial security so even if things should go wrong with trading I will be covered for some time.

while I totally agree with what's on the PDF I still think that it is possible to make decent money trading, the key point is not to expect to become a billionaire in 2 years. Just make little money every day keeping risk under control. Time will tell if I am right...

What is this book all about?

 

[algofy]

Can anyone provide the Amazon link to the book? Thanks...

It's a magic book only wtf and select cronies get. No soup for you (or me)

 

[steven21]

It's a magic book only wtf and select cronies get. No soup for you (or me)

I searched for "The day the earth stood still" and it doesnt seem like it...

 

[algofy]

Cmon wtf let me and Stevie boy in. I want to read a new book.

 

[Vindago]

no magic in the book, it does not teach trading per se as you can only learn trading on your own...

 

[odlareg]

No magic........?

I received it with the following text:

"i am just sorry i did not find this back in 2002..would have saved me loads of time and money"

But! The book is first published 200. ...... So after 2002! TIME TRAVELLING

 

[Vindago]

Well, not the kind of magic that people looking for the graal would expect...

fortunately I read the following words my first day of trading:

"
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!
"

 

[Pelt]

...fortunately I read the following words my first day of trading:

You lucky bastard.

Obviously, primarily all of my failures are my own. But a close second would have to be the majority of BS I've read on trading forums and trading courses.

If I knew what I was doing, and ever trained someone, I would restrict trading forums for the first few years.