Why Is The Obvious Not So Obvious?

That seems to be a belief. Only you can know why or if that belief is really there, but will be interesting to know if you can replace it eventually.
 
Wide Tailz said:
Now that you bring it up, there was about a six month period where I did use "the obvious", in a primitive way, because the stock behavior of the ones I was trading made it "obvious" what to do. That was one of the most profitable periods I've ever had. What happened? Went back to work, gave up full time trading and abandoned the idea.
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This seems odd. You had one of the most profitable periods ever, but gave up and went back to work? And abandoned the idea that worked so well?

For me it was the other way around. I quit my job after doing really well initially swing trading stocks and went on to lose greatly as a full time day trader.
 
Since the subject of a low risk entry was brought up - I'll add one more comment:

If you have a valid way of recognizing a (strong) trend and only trade with the trend when a strong trend is present - your entry does not need to be perfect and you can do well even with sloppy entries. You can enter on a pullback, but you can enter buying tops and selling bottoms, too, i.e., BHASH or SLABL.

Trading a range bound or choppy market requires a different approach/skill/recognition. In absence of that, BLASH and SHABL will become BLALL AND SHALH.

I firmly believe that for many marginal traders moderate success is possible simply by learning to stay out and WAIT for clarity and WAIT for that good trade, but this can be hard to do for many reasons and for many it's tempting to just 'get in on the action'. You'll go a long way simply by eliminating poor trades.
 
Wide Tailz said:
I saved some of the old pics, years ago. They weren't helpful, and some even had crazy lines drawn all over them to mock TA gurus. Here is one of my favorites.

*edit - this entire thread is an intelligence test, and so is life in general. Yes, "the obvious" exists and it is pretty well implied in the first 30 pages of this thread, but no I'm not going to tell you what it is. You need to pay the price of entry. Think about it.........
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1e59af1800.png
Is your chart related to this old pic?
Which shows more of the Obvious?
 
There was another poster on this site, several years back, that used to post his trade using "the obvious" as a strategy, though his tactics were different than presented by the OP.

One time he annotated one of his trades, pictures and all, and at the end said "time to snack on another retail trader".

He knew where the other side of his trade was coming from..... and knew they were about to regret it.
 
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