Why Is The Obvious Not So Obvious?

[Onra]

Here I can sum up this entire 787 page thread up for any newbies. The "enlightened actor(s)" of this thread put forward a hypothesis that the markets are manipulated (true) and requires a non mainstream way of thinking in order to consistantly come out ahead. They are very vague on the "how" however.

Apparently you need to figure that out on your own experience. Something along the lines of repeatable low risk entries with proper risk management. Good luck cause thats about all you'll get out of them. The rest is just theater.

It's all true, but also a bit harsh...

In the process there were people who genuinely tried to help me with more "clues"
and the thread forced me to constantly rethink how markets work.

 

[sandy_s]

Here I can sum up this entire 787 page thread up for any newbies. The "enlightened actor(s)" of this thread put forward a hypothesis that the markets are manipulated (true) and requires a non mainstream way of thinking in order to consistantly come out ahead. They are very vague on the "how" however.

Apparently you need to figure that out on your own experience. Something along the lines of repeatable low risk entries with proper risk management. Good luck cause thats about all you'll get out of them. The rest is just theater.

If one ever becomes consistently profitable at trading - that person will realise why he needs to figure it out himself.

Till then it will be apt for others to go through the entire thread of 700 posts rather than 7 line summary which does not quite do a justice to the thread.

 

[M4-1]

I've been thinking for more than 10 years now, thank you.
I cooked up the most crazy ideas and combinations; partly based on the numerous charts that have been posted here.
I'm creative, but just not smart enough...

you don't have to be smart..just be able to recognize the difference between common sense..and.. stupidity !!

 

[M4-1]

Yes, unrealized losses. I'm still holding the risky silver investments I bought in 2013.

It's a bit of a long story. All of this was done in a pension account I decided to start actively "managing" myself back in 2004. Things started out ok but fell apart when I bought into the precious metals hype after the 2007/8 financial crisis.

Account balance:
2004 - £40k
2007 - £90k
2013 - £55k
2019 - £8k
2021 - £9k

If only I'd left the £40k in the stock market in 2004 and done nothing...

If only I'd seen sense in 2013 and invested more sensibly...

If only I'd pulled the trigger in early 2019 and gambled on Bitcoin...

I know it's pointless dwelling on this and beating myself up about it but it's not easy facing up to what an utter fool I've been.

---------------------------

Maybe the right thing to do would be to forget about the past, ditch the silver investments, and start again with the £9k. However, that's easier said than done.

woulda..coulda..shoulda

don't worry..you are not alone..just look at the small print for any CFD or Spread Betting company..and you will see that ALL of them state that around 80% of people who opens an account with them will lose their money..

the big question..is..of course..who would be so stupid to go ahead and open an account with stats like that..not someome with a few $mil to spare..but someone with a few $hundred to spare !!!

fwiw..i closed just over £17k of a loss back in 2007..in ONE MORNING..and i couldn't trade for months after it..

but..it was the best thing that ever happened to me..why..simple.. because it made me realize that i hadn't a clue what it is i was doing..and that if i wanted to make money..and hold on to it..then i had to learn about RISK versus REWARD..

only you can sort out your own brain..and until you do..do not expect any MIRACLES

 

[M4-1]

Here's the thing though. It doesn't really matter.

Option 1
Invest the £9k pension fund in something conservative and sensible.
Best case scenario, 10% p.a. Perhaps doubling capital in 10 years.
£18k pension fund in 10 years won't make much difference to standard of living in retirement.

Option 2
Gamble the £9k.
Lose the lot.
Won't make much difference to standard of living in retirement.

no that is a stupid way of thinking !!

the only thing..that i really know..is that i know nothing..BUT..the MES is one easy way to make some money..with low risk..and low reward..AND..if you are not in a position..where low reward is sufficient for your current lifestyle.. then..need i say anymore !!!

u see..it really doesn't matter what you spell out for people on this stupid internet..as 99.999% of them haven't got what it takes..and that being..common sense

 

[M4-1]

Most traders (especially retail) are directional traders. They go long because they expect price to go up, and short because they expect price to go down. If price action was totally random, this form of trading would be futile.

Price action may not be totally random all of the time but it's not very predictable, which is why the majority of traders don't succeed.

If you could find a way of identifying stocks which are statistically likely to move strongly up over subsequent days, then you would have yourself a money making machine.

Oh and by the way, if you do find it, I'd keep it to yourself.

WHOaaaaa..that is MISLEADING !!!!?

CERTAIN instruments are VERY PREDICTABLE..but..if you don't understand what makes them so..then how can you expect to make any money trading them..

ever heard of HORSES FOR COURSES

 

[M4-1]

Is this the same principle as the famous quote
"a trade has to be a loser before it can be a winner"...?!

Now I assume you don't mean blindly averaging in, in order to "save" any trade...

So we're left with two options:
a. you know that price must reach a certain level (within a certain TF)
b. you know that has to come back to a certain level

WTF

the only certain thing when trading is that you can lose..so..that is your first REAL test to becoming successful..

this means..every trade is a loser from the moment the trade is executed.. which of course is a FACT due to spread and commission..

what makes all the difference is the famous equation..and i don't mean E= MC sqrd

 

[M4-1]

What I've found is that the smaller you trade, the easier it is to make money (although obviously not big money). There is little stress involved when you're only trading peanuts, and there's no problem doing what's required eg. pulling the trigger.

As soon as you put significant money on the line, things often start to fall apart.

So, to anyone starting out, I'd say forget about making much money and just trade as small as you can.

now..that is not MISLEADING..but is what can be called.. SOUND ADVICE

 

[M4-1]

Threat title - The Obvious Is Not So Obvious.

I am taking a wild guess that due to the high percent of investors' losses, it should be obvious that there are other ways to trade that have less risks, make terrific profits are a No-Brainer and don't require 24/7 thought, worries and a multitude of trades.

Maybe, I am wrong!!! Maybe, I am right!!!

you are WRONG!

 

[M4-1]

Here I can sum up this entire 787 page thread up for any newbies. The "enlightened actor(s)" of this thread put forward a hypothesis that the markets are manipulated (true) and requires a non mainstream way of thinking in order to consistantly come out ahead. They are very vague on the "how" however.

Apparently you need to figure that out on your own experience. Something along the lines of repeatable low risk entries with proper risk management. Good luck cause thats about all you'll get out of them. The rest is just theater.

do i sense a degree of dis-satisfaction here

remember..it is the READER who must READ BETWEEN THE LINES..

it is not the EDUCATOR'S job to create..

"so many asses laiden with books"