Why Is The Obvious Not So Obvious?

First: What goes up must come down. Should take a breather so if I do not have a position I will wait and see. If I do, I will take profit.
Second: Taking a breather, so if I am not already in I will wait and see. If I do I will also take profit.
 
I don't know where the two markets are heading, up until now they have been moving up, but tomorrow is another day and anything can happen. I would not enter a trade in neither of them at this time.
 
MrScalper said:
well summed up VO..and to add..making money is actually very easy.. keeping it.. however..is the exact opposite

we can go into all the stuff in all the books..total waste of time..here is one simple test to see if you have arrived where you need to be

delete every bit of information you have downloaded in relation to trading or investing..if you can't do it..for whatever reason..then you still have a long way to go..and..when you get there..and actually do it..then..and only then..will you fully understand what I am talking about

i have a feeling RN got fed up with all the silly talking and wasting his time..either that or something bad has happened..maybe we will find out some day..or maybe not!!
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I see your point, there is not much to delete as the only things that I keep are snippets from this and few other threads, for the rest I have a clear enough picture of what I need to do to move forward and it is not in any text book (I think, since I never read any). As I said in my previous post, I am working on doing what I need to do, being that taking a profit or a loss when I see that it is time to do so.
 
the 2 charts are completely different..first is clearly going up for now.. second has stopped going up..so..if you were prepared..and not thinking silly and ridiculous things about nothing..shorting the down break was an obvious play!

Screenshot_2018-01-09-23-56-51-327_atws.app.png
 
Vindago said:
I see your point, there is not much to delete as the only things that I keep are snippets from this and few other threads, for the rest I have a clear enough picture of what I need to do to move forward and it is not in any text book (I think, since I never read any). As I said in my previous post, I am working on doing what I need to do, being that taking a profit or a loss when I see that it is time to do so.
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not to make it sound too easy..just in case some fools decide to start throwing away money trading the ES for a few ticks..it really does require a lot of trading experience before the mind fully grasps what really makes the difference between winning and losing

it is like all other areas of our life..we neglect the simple things that can make a big difference..why..well..it really has a lot to do with habits..as changing a bad habit is far from easy..as we all know only too well

you need a catalyst..some very strong reason to make you do something that you currently find very hard to do..once you find it you will know..as it can allow you do anything..within reason and ability of course..give up drinking or smoking overnight..stop fooling around with women..stop wasting money on silly and ridiculous things when other things are far more important..

some call it faith..a new understanding..a new found love..whatever it is..as long as it works for you and gets the desired results.. you can call it what you like :)
 
TraderZones said:
the starting biggest problem, is that most traders think they will somehow be in the 5% that are going to be profitable. Everyone else is going to be the 95%.

The continuing biggest problem is that the trader never really has an outperformance edge. And all the position sizing and risk management in the world will not overcome the house advantage (commissions, fees, slippage, errors, etc. etc.)
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Inherently, the market is competitive. Someone has to lose on a trade for someone to win. In most cases.
 
an edge is not something you find..it is something you develop..as a result of many experiences

intuition is an edge..but unless you know about how intuition works..and then learn how to make best use of it..it will just become more dejavue moments!!!

making money is easy..just buy and sell..but if you don't understand why it is you win..and lose..then you really don't have a clue what you are doing..how can it be any other way!!
 
Vindago said:
I am even thinking about removing any element that indicates how much I am making/losing on a trade so that I can keep the focus on what is happening on the chart and not on how much I am winning/losing on the trade.
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most experienced traders know when they should bank and when they should cut the key is actually doing both in real time without hesitation. Losing traders tend to hold for the moon instead of banking at key points after a swift move in their favour. They also like to hold onto losers and revenge trade. It's a tough game to master. Covering up the open PnL can help as long as risk management is solid and it doesn't become a head in the sand mentality.
 
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