Why Is The Obvious Not So Obvious?

O. = Observation

No more

 

all I know is that I don't know nothin. that is why I often stop/reverse when proved wrong.

 

stop and reverse ,why Ido not do it????

 

You can if you like!

 

Does the obvious involve volatility and relative value?

 

I heard it said that it is very hard to stop a milktruck - is that true

 

It must involve volatility, as volatility is nothing more than price movement in one direction, and then again in the opposite direction!

As for relative value, I doubt if anyone knows what it means in this day and age

N. = This one I bet no one will get!

T. = Timing

R. =

O. =

L. =

 

Ahhh, I thought I recognized a bit of the Socratic Method in your style NYSE. And of course you are right, “What the hell does someone know, who has never experienced the reality of the situation”. However, with your focus on ‘Mr. Bud’, might I rephrase my larger point.

A trader must ‘OWN’ the methodology, plan or system they employ. You can read book after book or ET thread after thread, but if one does not embrace an approach to the market that is right for their individual psyche, lifestyle, or long-term goals, they will fail again and again. The ‘holy grail’ of trading can be dumped in one’s lap but if they are a scalper with the disposition of an investor, or a daytrader who hates risk, it will not matter.

“Know Thyself”
- Socrates

 

Is that a veiled trading reference you weirdo?

 

C - Caution
O - Observation
N – (Noise, Normalized)
T - Timing
R – (Risk)
O – (Opportunity)
L – (Lag or Limit)