Why is trading easy for some and hard for others?

Sure Chap said:
As the title says, why is trading such a personal thing? One trader can think it's easy as cake, another trader for the life if him will never be able to do it. I'm still trying to get the hang of it even after all these years. It feels like you get it, then there's always a degree of uncertainty, doubt.
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Let's start again, as no one seems to be listening to the dumb ass redneck!

Why is trading easy for some and hard for others?

Simple really!

Trading is easy for some and hard for others - due to the fact that different people will think and act in different ways!

The answer to the question, is in the question itself!

J_S
 
Here is an easy question for some, which will be hard for others!

What would you look at next after looking at this chart, and why?

J_S

Screen Shot 06-13-16 at 11.27 PM.PNG
 
Btw RN, a few months ago I said something about trading with just 1 chart, and you said it will be interesting to see the results.

Let's just say that it must have been the remaining alcohol clinging on for dear life to my brain cells after 2.5 years of drinking, which are all now well dead:D

Trading with 1 chart is fine for timing entries and exits, but, trading with just "checking" 1 chart before entering and exiting, well, let's just say - is a fool's game!

You were right once again, you dumb ass redneck:thumbsup: - amazing what effect C2H5OH can have on a person's way of thinking, especially a thick Irish Paddy - bunch of Guinness loving monkeys the lot of them:D

J_S
 
Sure Chap said:
The option price, to see if I can exploit over valued or under valued options?
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Are you sure chap - couldn't resist that one:D

Which option price?

What is over or under valued?

Options can be very tricky, especially ES options, and especially trading current week expiry - I was giving back thousands of $$ lately and stopped trading current week options - not because I was buying or selling under or over valued options, but because I was risking too much on current week hoping for larger gain, instead of going out a few weeks for the same risk but with additional time - was around the same time I mentioned trading with 1 chart:banghead:

Anyway, not along the lines I was thinking - I was thinking more in terms of what might the 2 prices be that the SPX will finish between on Thu, June-16th - and how significant do these prices appear at the current SPX level?

This is not a call on where the price will finish - just a point to show exactly what your thread is about - one man's understanding is another man's nightmare!

Education is the key to success - but one needs to be very careful to whom one listen's to, as, History has shown that the educational methods employed centuries ago, which are still the basis for current day education, are flawed and biased towards the mushroom syndrome!

Had to throw that one in, as it is a very important fact.

J_S
 
I forgot what the tonnage is in Alaska to get one ounce of Gold, but it is like that on this site, you have to sift through lot of misinformation on this site to find the nuggets that are here, and most of it is on years ago posts, which is usually where I am reading. Wherever someone posts something I think is worthy to back test, I do a copy/paste into my journal even if I don't understand it, as years goes by, one day I will understand it-maybe. Most of what is written each day now is not going to change bottom line on systems we trade or build, most on this site are angry ex traders that simple don't have a life but going to add their two cents, and that is all fine and good, life is belonging to some social society to feel like a human. But they don't have much to recommend otherwise they be trading it, they are the ones who write very negative attacking posts, and very often they are very intelligent people. But trading is not often about being intelligent, matter of fact, I believe more intelligent you are, longer it going to take. You have to take a simple idea of getting in that the crowd is not going to be doing, risk more than the crowd risks and get out feeding the crowd their entries. TaDaaaaa. And yet people all want signals to entry, yet they have no clue what price is doing right now and how far price has traveled(how many times have someone bypassed first two signals) and they getting in at the highs? Many don't have a clue what to look for at the ends of moves in terms of moves from previous extremes, perhaps forming double or triples highs, clustering of highs, huge range bars after extended move, huge volume then higher high on reduced volume, gaps, max in some indicators that you have studied for years, value of Call options in relationship of Puts.

Am often asked why there are not many good day trading systems for sale that offer tight risk and decent profits, cause it take 2-3 years to program, someone builds this, they are not going to sell for $5k nor rent out by the month for $300, they going to trade it and keep 100% of the profits. Most of what is sold today will eventually fail and cause those who lack knowledge have no way to fix it and the programming might be locked so you can't fix it.

Havard, Yale, and Brown, you finish those schools after four years you will start next jobs better than most, but guess what, you still have a job where they have to teach you what to do. I thinking day trading is by far the hardest job to learn and even harder to profit, there no decent schools as any good instructor would not be wasting time for couple grand a week, I think there are a couple individuals that are good in options and spreads, and I won't name names, make it a point never to recommend individuals.

Trading can be easier when you know more, and that takes years and great deal of work. It helps if you have a father or sibling that will teach you, but be prepared for the yelling. My stepson now trading, he constantly hears "What were you thinking"!!!! He doesn't make much but he seldom loses, so can't holler too much...
 
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