Why Is The Obvious Not So Obvious?

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

  1. DurElite

    DurElite

    The obvious = get a strategy that works. Sure money management, capital, broker etc etc are important but are secondary to strategy. If you aren't entering and exiting the markets at a sensible point then you will never make money
     
    #5511     Jan 15, 2017
  2. wtfauoa

    wtfauoa

    Funny how every person sees things differently. I am not saying one can not trade past 10:00, as that would be silly, but I am saying that the first 30 min offers some very high probable trades compared to other times. If one is not able to see the low risk high probable trades. then that is because they are not looking and thinking in such a way that allows them see same. One can trade any way at any time they so desire, but the best way to trade is the way that poses the least risk to your capital. No one is right, and no one is wrong. Things just are the way they are, so best to see things for what they really are, and not complicate things by thinking about silly and ridiculous things that some idiots have decide to write in a book or put on a website. If one thinks they need someone else to show them how to make money trading, then think again. Everything you need is there right in front of you when you decide to put your capital at risk.
    As for the clueless clowns and dopey dudes, go piss up a rope :)
     
    #5512     Jan 15, 2017
  3. wtfauoa

    wtfauoa

    You are very close, but the term "strategy" might not be the best term to use. Maybe a different word, with 8 letters?
     
    #5513     Jan 15, 2017
  4. algofy

    algofy

    Jesus Christ, why all the riddles and puzzles.
     
    #5514     Jan 15, 2017
  5. wtfauoa

    wtfauoa

    As Pelt noted, there are 30 x 1 min bars in the first 30 min of trading. There are also 13 x 30 min bars in regular hours trading. Please check this chart in case you have any doubts, before we move on.

    [​IMG]
     
    #5515     Jan 15, 2017
  6. wtfauoa

    wtfauoa

    Now, some people will not use the 30 min as it has 13 bars in a day, and they are superstitious. If you are any way superstitious, in relation to anything, then trading is not for you. Your mind will play tricks on you when you least expect it, and if it happens at the wrong time, then you could lose a lot of money. So, no place for those who are easily led and influenced by the thoughts of others, whatever those thoughts might be.
     
    #5516     Jan 15, 2017
  7. wtfauoa

    wtfauoa

    So, time to move on.
    If we look at this chart, what do we(you) see? Remember that your thoughts are based on what you think you know, but what you think you know is absolutely no use to you if you can not make money trading, and hold on to it. So, next time you think, think about what you think about.

    [​IMG]
     
    #5517     Jan 15, 2017
  8. Pelt

    Pelt

    I see what you did in the chart there(OR). But is that what you were talking about?
     
    #5518     Jan 15, 2017
  9. wtfauoa

    wtfauoa

    Like I said, forget about all that others have written. The opening range has some variations, depending on who wrote it, so best to just forget and look at it yourself. Within that first 30 min bar you have 30 x 1 min bars to make and lose with. How much you make and lose will be determined by how much you risk and when you decide to get in and get out. Simple really.

    [​IMG]
     
    #5519     Jan 15, 2017
  10. Pelt

    Pelt

    Does anyone here have an idea of what they consider TA, or PA is? Preferably not something from investopedia or another site.
     
    #5520     Jan 17, 2017