Why Is The Obvious Not So Obvious?

Discussion in 'Risk Management' started by nysestocks, Jan 25, 2009.

  1. KO, why don`t you just STFU already????????

    Just get LOST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
     
    #2061     Oct 21, 2011
  2. well MK..is that not the six million dollar question:D

    but..lets try and apply some common sense and see what happens

    price is moving up and it then peaks and reverses..we now have a new recent high in place

    the high holds and the price drops back a bit

    some time passes and the high is still not taken out..but the price has not really fallen much either

    what should we do..and what does it depend on?

    opposite for a new recent low..but the same thing
     
    #2062     Oct 21, 2011
  3. maybe an excel file can help:D
     
    #2063     Oct 21, 2011
  4. xburbx

    xburbx

    shoot. lost me there on what to go and study. does WRB and NRB in excel play a factor in what to look up? The first place I would look is at the data provide in price but TE had started to speak of BETA and stuff on the other thread but then stopped. That kind of excel data?
     
    #2064     Oct 21, 2011
  5. never be afraid to try out something that might help u think more clearly..try the game and post the chart..and..never ever be afraid to lose..for..if you do not learn how to lose correctly..u will never win..that is a given in this game

    [​IMG]
     
    #2065     Oct 21, 2011
  6. xburbx

    xburbx

    ok. so granted that game is not the real market but that brings something big into light. those are profitable trades and there is no market, no people to trade against. i know some people will say you are just posting some winning trades in a game, but i highly doubt you are faking that by any means so ill just nip that in the butt. does anyone else see that as more impressive almost?
     
    #2066     Oct 21, 2011
  7. It really is the six million dollar question. Without choppy, sideways action trading is easy.

    I honestly don't know what action to take next in the scenario you describe. Common sense tells me to be patient & wait for price to indicate what direction it's heading & then get back in.

    The only problem is the "indications" are all fakeouts & at the time they are happening you don't know that.

    A good scenario is that I enter a long or short based on price indicating that it's going that way & a trend begins. Easy.

    The more common scearnio it seems is that I enter long or short based on price & I buy the high, sell the low, get stopped out.

    Then I say ok, I'm not going to let that happen again, so I sit there all patient & wait for an even more obvious signal & once again it just turns out to be a trap again. Whoever is out there taking my money is a professional trapper.

    Anyway.........I'm not sure how to deal with chop right now. I'm going to work on it this weekend & figure it out.
     
    #2067     Oct 21, 2011
  8. XX..i want to make something very very clear..as some here are new to this game and might be picking up some silly ideas from the posts

    1. trading IS gambling..no matter what anyone says differently..for..anytime u put ur money at risk u are gambling..end of story and no more discussion about it

    2. if u are going to gamble..u must understand risk and odds

    3. u must have adequate money..for..reward achieved is always directly linked to risk taken

    4. as a daytrader..u have a major advantage over other traders..and that is..time is on YOUR side..and as we know..T=$

    5. this is the hard bit..up to now has been common sense stuff..u must come up with a way to execute trades that allows u take advantage of time..and..that means..u must come up with an average return..or R/R ratio..that will make you good money over a set number of trades..and the number of trades required will be determined by the way..or stragegy if u want to call it that..that u have come up with to identify entries and exits

    forget about all the bullshit and fluff..as mentioned 99.99% of it os total waffle and just plain old rubbish

    people will always try and justify something that they do not have an answer for..that is human nature

    so..fuk the soothsayers..and think in the real world..the world of scam artists and bullshitters who will con u out of ur money any chance they will get..tell them all to fuk off..and they are not getting any of your hard earned money..no matter what they say

    if u lose some of ur money..know why u lost it..and next tie try not to ose as much..and keep refining the losses..until the losers turn into small winners..and then..u will find that small winners will turn into bigger winners..and..even though u will have losers..ur overall result will be..good money every week

    Luke 23:24

    "fuk them all..for they know what they do":D

    TO
     
    #2068     Oct 21, 2011
  9. they could have been losers just as easy..it is only a game and has no bearing on real trading..but it does show u what will happen if u stay in too long..or do not get in at all!
     
    #2069     Oct 21, 2011

  10. The game is the real market. It shows actual prior stock charts, but does not tell you which stock or during which time period, so that you can not look it up.

    By the way Oracle had lost $ in the game so far, since you begin with $10,000 and he was at around $9600.
     
    #2070     Oct 21, 2011