Why Is The Obvious Not So Obvious?

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

  1. Pelt

    Pelt

    Turned a chart on its side as I have done many times, and thought I saw something teetering on its edge looking like it wanted to tip over. Surely just seeing ghosts again.
     
    #6871     Feb 19, 2021
    Laissez Faire likes this.
  2. Laura48

    Laura48

    I'll definitely go through that one.
     
    #6872     Feb 20, 2021
  3. odlareg

    odlareg

    It is a good read. You will recognize a lot. Onra: It was not the reading, but the applying that definitively gave my break through.

    GO
     
    #6873     Feb 20, 2021
  4. If my memory isn't too hazy - the essence of his method was simply to trade breakouts of boxes, i.e., stocks that were consolidating and trading the breakout of the range.

    Further, as he became really succesful doing this part-time he eventually became a pro-trader with an office on Wall Street and failed miserably as he started second guessing himself (based on rumors and talk) AND started micro-managing his trades instead of simply letting them run like he used to do. He became successful again when he quit 'pro-trading' and got back to doing it part-time.

    Did I miss anything?

    Out of the hundreds of books I read where most were a waste I remember this as one of the good ones. I'd love to re-read it soon.
     
    #6874     Feb 20, 2021
  5. SkyChef

    SkyChef

    Buy when market buys & sell when market sells. That’s the obvious.
    Of course being obvious does not mean it’s easy to implement because there will be even more questions being asked. And tradings are much easier than teaching people to trade, except frauds who found teaching people to trade is easier than trading themselves.
    Good luck. You are half way there.
     
    #6875     Feb 22, 2021
  6. Ed48

    Ed48

    Pure guess:

    Buy Breakout and Reverse if Required

    Sell Breakdown and Reverse if Required
     
    #6876     Mar 10, 2021
    odlareg likes this.
  7. Ed48

    Ed48

    Yep, the Darvas method still makes a lot of sense.

    Although Darvas was a longer term trader. Not sure if it would work with daytrading.
     
    #6877     Mar 10, 2021
  8. M4-1

    M4-1

    correct..the low risk trades are always at the retest of high and lows..sure all u need is a chart :)
     
    #6878     Mar 12, 2021
  9. M4-1

    M4-1

    personally..every book - except one of course :) - i have bought..along with every course..are all erased from my mind..as too much does way too little..when it comes to taking some money from others

    at the moment..there is an opportunity to take some money each and every day..few days..or few weeks..all depends on how much time is available to you

    of course..every market does not operate the same..so as the saying goes..

    "you can't make a silk purse..out of a sow's ear"
    :)
     
    #6879     Mar 12, 2021
  10. Ed48

    Ed48

    If it requires a book to explain trading then it's probably being overcomplicated.
     
    #6880     Mar 15, 2021