Why Is The Obvious Not So Obvious?

There is no one so blind as a no-eyed deer! The OP has already given you the answer, do some thinking and make an effort to comprehend rather than expect someone to lay it in your lap.

The replies show very clearly who does and who does not make money speculating in the markets, I would suspect that NY's motive in posting is simply curiosity to see who's who in the zoo!

Best Regards

Johno

 

That's kind of what I was thinking.

 

Well Nysestocks,

I’ll tell ya what won’t work SLABH, / BHASL

I did both today – then spent the rest of the day digging out of it (still ended the day down $186.38 including commissions)

Am I mad – no, / frustrated with myself – Yep



So (as I imagine you’re still lurking in the shadows) exact your pound of flesh – Lord knows I’ve taken you to task


But at least I’m keeping it real (not meant as slam at you Nysestocks - just me owning up to the truth)


Tomorrow's another day


Redneck

 

Good to see you can still keep your sense of humor Red!

Regards

Johno

 

Thank You Sir

BTW I figured out why the obvious isn’t so obvious – to me today


Cranium up nether region


See ya
Redneck

 

Hence the red neck?

Regards

Johno

 

Ok so what you are saying is that other than a trader cutting their losers and letting winners run, using proper position sizing, being properly capitalized and having the right mindset there is another key ingredient missing (as you say, the obvious) that is required to be profitable?

As others have stated, you must have an edge. First and formost you need to be betting on the more probable direction. I.e the chart, as confirmed by higher time frames as well as your current timeframe must be indicating that a certain direction is more likely than the other. Then you trade in that direction.

Have I missed out the obvious?

 

You are not correct, but that is normal!

 

Agree 100% - but this is not the obvious that a trader needs to know in order to make money.

A trader who knows nothing about business strategies can still make good money, if he/she knows what the must know, and do what he/she must do.

 

What is obvious is that day trading/short term trading (For that matter, even long term 5 years in the equity market as it is now) is a negative sum game for the average. You have to find a way to turn this into positive for yourself.