Why Is The Obvious Not So Obvious?

lovethetrade said:
Anyone smart enough to prove you wrong is probably also smart enough to know better than to post the full details of what they know in a public forum. All the best with your misguided assumptions.
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So you say that posting a screenshot of a chart will show the full details of what you know..and will it also show the full details of what you don't know!

My assumptions are not misguided..they are based on facts..which can be clearly seen by anyone who reads the posts..if someone is unable to distinguish between what constitutes real skill and "copy cat" skill..then they really should have a good talk with self..and see what it is exactly they are trying to accomplish in the big world of "easy money"!
 
MrScalper said:
I will ask the question again!!!!!!!

When you look at options..do you use implied volatilities..and if you do..what are you looking for when you look at IV's!
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Not trying to avoid you question. The most important factor for my selecting a trade is to form an opinion on the direction of the underlying. In general I don't pay much attention to IV once I have an opinion of the underlying direction.
 
MrScalper said:
Trading is not like gambling..as to be successful at trading requires a lot of skill and concentration..pure gambling is a game of chance and requires no skill what so ever!

In my time on this site..I have not seen any post by any person to lead me to believe that they have acquired this immense skill (the closest I have come to it was reading some posts by a member called @Redneck, as he appears to be very close)..as for the concentration part..that we can never really know about another person unless we actually sit down beside and trade with the person!

If you are trading options without using IV's, then you really do not know what you are doing..and this I know as I used to do it myself. Of course you can still make money..like your GILD trade..but you are gambling..it was pure luck..and if you wanted to own the stock..would you not have been better off selling some puts to reduce your cost basis..instead of buying some calls!!

You should not "like" every person who replies to your post or question..and that goes for me also..you must ask yourself if you are really learning anything from the posts..if not then do not be afraid to say it straight out. I will tell someone exactly what I think of them..as I have no reason to do otherwise..if someone gets offended then that is their problem..as one should not be talking about things as if they know a good deal about same..and really know very little. To me..and a very small few more..it is very obvious who knows what..in fact..the minute a person opens his/her mouth we can tell "exactly" what they do not know!

So Mr ironchef..you need to ask yourself a few questions..do you want to stay an average trader/investor..who will more than likely do OK when the bulls are in control..or do you want to become a very skilled trader/investor..who really does not worry too much about what the markets might or might not do..and knows exactly at all times how much risk he has taken on board..and what he needs to do if/when the shit hits the fan :)

The next time someone says they know how to read charts effectively..then just ask them to post a screenshot of an instrument they are trading..and if they refuse..then it should be very "obvious" that they are trying to hide something..like maybe they don't really know that much about chart reading skills :)
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Would you share some details about your trading career? How long have you been at it? How long profitable? Other than not listening to standard trading education what helped push you over into success? If you were mentored or not.

Thanks,
 
ironchef said:
Not trying to avoid you question. The most important factor for my selecting a trade is to form an opinion on the direction of the underlying. In general I don't pay much attention to IV once I have an opinion of the underlying direction.
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Then you are more than likely throwing away money each time you trade options..which is just adding to your costs of doing business..no more about that!
 
MrScalper said:
You should not "like" every person who replies to your post or question..and that goes for me also..you must ask yourself if you are really learning anything from the posts..if not then do not be afraid to say it straight out. I will tell someone exactly what I think of them..as I have no reason to do otherwise..if someone gets offended then that is their problem..as one should not be talking about things as if they know a good deal about same..and really know very little. To me..and a very small few more..it is very obvious who knows what..in fact..the minute a person opens his/her mouth we can tell "exactly" what they do not know!
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I "like" the responses when I can learn something new or gather additional information that may be helpful to me. I don't have to agree with the comments.

It is also an act of appreciation to all the efforts you all took upon yourself to answer my questions.

You may not think so but I am a much better trader since I joint ET because of all of the helpful comments.

Best wishes.
 
MrScalper said:
Then you are more than likely throwing away money each time you trade options..which is just adding to your costs of doing business..no more about that!
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Most likely you are right again. In addition to studying charts, studying IV will be on my to do list too.:)
 
_eug_ said:
Would you share some details about your trading career? How long have you been at it? How long profitable? Other than not listening to standard trading education what helped push you over into success? If you were mentored or not.

Thanks,
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I now have a chance to be who I want to be..and tell a heap of lies about things that do not really matter :)

I will say that I was no different to most who try..in fact I was actually the thickest trader ever born..just couldn't hold on to money I made!

Why..well..the answer is very easy..I hadn't a clue what I was doing..if I did..then I "obviously" would have kept the money I made!!

So..I had to change something if I wanted to keep the money I made..and..first of all I had to understand what I was actually doing before I could change anything!!!

Mentors..well..that is a long story..but I will say that no matter what knowledge you acquire..there is always someone out there that knows more than you..of course..the big question is..is that knowledge any "real" benefit to "your" trading..and there is only one person that can answer that..of course :)

Most people forget that in order to get the right information..one must ask the right questions!
 
ironchef said:
I "like" the responses when I can learn something new or gather additional information that may be helpful to me. I don't have to agree with the comments.

It is also an act of appreciation to all the efforts you all took upon yourself to answer my questions.

You may not think so but I am a much better trader since I joint ET because of all of the helpful comments.

Best wishes.
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If you are successful for 10 years in a row..then you can say you are a successful trader/investor :)
 
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