Why Is The Obvious Not So Obvious?

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

  1. poland

    poland

    Thanks Mekanikal. I will read them all.
     
    #2941     Jun 29, 2012
  2. bogan22

    bogan22

    pattern recognition test
    Test of Observation, Pattern Recognition and Visual Perception. Have a go.

    Look at the equation 5 + 5 + 5 = 550. Obviously it is not correct. Write it down on a piece of paper. To make it correct you may add one straight line to the equation. It can be vertical, horizontal or angled. You cannot place a slash through the equal sign to indicate inequality. The solution is visual not mathematical.

    Longer than 15 minutes should cause reconsideration of charting as a solitary medium.


    from camron site.

    I failed this....

    cheers
    Bogan22
     
    #2942     Jun 29, 2012
  3. Mysteron

    Mysteron

    Just put a line through the equation, to cross it out.

    [​IMG]
     
    #2943     Jun 30, 2012
  4. Mysteron

    Mysteron

    It would be silly to enter a trade if price isn't moving in the same direction as the trade. :D
     
    #2944     Jun 30, 2012
  5. Cool Bogan! I will check out the archived site as well.
     
    #2945     Jun 30, 2012
  6. Yes, this one stumped me too for a couple of minutes. Then I remembered something which he had mentioned just before - stuff about lines and how brain interprets them. Therein was the clue.

    So the answer is to draw a slanted line on one of the plus sign so that it looks like 4 !!!!
    Now the equation becomes -
    5 + 5 4 5 = 550

    :)
     
    #2946     Jun 30, 2012
  7. Whoaaaa holy smokes TO!!

    You got the calls at the open after sharp move up. Then it dipped a bit (and that is when your PL went red in the screenshot above :D ). So not being afraid of the loss, and risk being nothing to begin with (cheap calls) you decided to hold to end of day/expiry to see what transpires.

    Lo and behold mib shoots for the moon ending at 14274. So you got roughly
    574 X 2.5 = 1435 on first and
    674 X 2.5 = 1685 on the second call.

    MIB cookie :D
    [​IMG]

    Is it 'trading is gambling'?
     
    #2947     Jun 30, 2012
  8. heypa

    heypa

    It's just a damn puzzle. What does this have to do with trading or pattern recognition?
     
    #2948     Jun 30, 2012
  9. is trading also not a puzzle to be worked out!

    i have just looked up that site..and i must say the first impression is very good..well laid out homepage with no stupid graphics..will look at it tomorrow and see what they are about..who knows..might even learn something about trading..as i know absolutely nothing:D

    http://camron.com.au/home.html

    just so that you can see the difference..here is the other end of the scale..the master trainer himself..who only papertrades:D

    notice the stupid graphics splattered all over the homepage..a giveaway for a marketing venture..not at all like the other site

    http://www.daytradinguniversity.com/

    now..if u want to learn something about trading..and u must be honest with urself..which site will u pick to learn from..and why?
     
    #2949     Jun 30, 2012
  10. TO likes the MIB COOKIES:D

    unfortunately ML..the pizza eaters:) expire the options at 09:05 on expiry day..and take the open price as follows..

    The settlement price is equal to the value of the FTSE MIB index, calculated on the opening prices of the financial instruments that make up the index recorded on the last day of trading. If the opening price of any financial instrument on the index has not been established by the end of the trading session, Italian Exchange fixes the price in order to establish the value of the index on the basis of the prices recorded in the last session and takes into account any other relevant objective elements available.

    none the less..TFF are not greedy..and are always willing to take whatever we are given..so..TO sends a big THANK YOU to Angela Kasner:D

    [​IMG]

    notice how many buckets of beer she is carrying..and it is not 4 :D

    ah..the maths come next :)

    Risk = €104.50 incl. commissions
    Reward = €1105.00
    R/R = 1:10.57 :D
    Duration = 2 days

    [​IMG]
     
    #2950     Jun 30, 2012