The obvious is in every chart. Even if the obvious is known by someone, it still does not guarantee continued success. People think trading is like "other" normal things in life.... it is the exact opposite. There is a big difference between knowing the path and walking the path. Sit and seriously think about what it is you are trying to do. Lastly your P/L is the best trading indicator, follow it and it will lead you to success. "Teachings all from Nysestocks"
What is very obvious is that no matter what one thinks, says, or does; it will not make one little bit of difference. When you accept that things will never change, only then will you start to see things for what they really are. One fine day you will wake up, get out of bed, carry on as usual, but something will happen you that day that will make you look back on all of the years and money that you have wasted by listening to others speak about things that do not make one little bit of difference. You will feel so foolish that it will take you weeks to get over it, but once you do, your trading and end results will change for the better. Funny, the only thing that held you back for years was your good self, or not so good self maybe.
The non-obvious is glaringly obvious when you abstract the obvious tendencies of the waves and market structure of the knowns and unknowns. Everyone gets what they want out of the markets, smell what I'm wafting?
Very true Sir, very True. As once mentioned: Spoon boy: Do not try and bend the spoon. That's impossible. Instead... only try to realize the truth. Neo: What truth? Spoon boy: There is no spoon. Neo: There is no spoon? Spoon boy: Then you'll see, that it is not the spoon that bends, it is only yourself.
This is a very good post, which will go unnoticed by most. When most look at The Matrix the see nothing but another sci-fi action film. This is quite normal, as most people do not bother to think about what it is they are actually doing. Trading is no different for most who try it. The Matrix is a brilliant movie than can help any person how to understand what it is they are trying to accomplish. I have watched it many times since 1999, and enjoy it more every time. http://www.thematrix101.com/matrix/meaning.php The Oracle: I'd ask you to sit down, but you're not going to anyway. And don't worry about the vase. Neo: What vase? [Neo knocks a vase to the floor] The Oracle: That vase. Neo: I'm sorry. The Oracle: I said don't worry about it. I'll get one of my kids to fix it. Neo: How did you know? The Oracle: What's really going to bake your noodle later on is, would you still have broken it if I hadn't said anything.
If you really want to understand, but very few will even bother to think about it. https://neurophilosophy.wordpress.com/2006/12/11/the-philosophy-of-the-matrix/ The Matrix is based on a philosophical question posed by the 17th Century French philosopher and mathematician René Descartes. One of Descartes’s most important theses was intellectual autonomy, or the ability to think for oneself. For Descartes, this entails not just having a “good mind”, but also “applying it well”.
Everyone has one or two opinions on same topic, and years of experience come into play where you finally just have one, there is less to question, might not always be right, so long as it is right for you. ENTRY -what is the timeframe? If you scalping for 1-3 ticks, entry is most important than risk cause risk generally going to be more than reward and if too late to party, YOU HAVE to pass on the trade, if we speaking of day trading entry can be a little looser by 1-2 ticks cause one is going for points and not ticks, if on dailies so much less of perfect entries cause going for so much more and weeklies, you going to try same in months to years. So entry is on a sliding basis of perfect entries to much less than perfect, and opposite on long term to scalping as far as percentages of tighter risk for long term to looser for scalping. But this is my opinion and experience. Biggest problem I believe for many who enter trading is caring about how to get in where they should think of risk and percentages of losing. How can the trade get as close to zero risk should be on the mind of aspiring trader but they are thinking of wealth acquiring. I certainly went down this path to learn how to day trade. Also, you have to be guided by your personality to methods you trade, I learned late when it came to risk, not to say after I learned how to live with myself during trades and have done decent, but for me learning risk and how to get possible risk as low as one can get long term. Once you get past the jitters of waiting as per your own rules, then you can breath again. For me "BLASH and SHABL" can make money and so can monkey throwing darts at beginning of Bull market.