Why Is The Obvious Not So Obvious?

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

  1. M4-1

    M4-1

    no..not at all..the obvious is a "pre-requisite" to tradingĀ”!!!
     
    #7061     May 9, 2021
  2. Pelt

    Pelt

    Is the pre-requisite something that you must DO, or that you must KNOW before trading successfully?
     
    #7062     May 9, 2021
  3. M4-1

    M4-1

    the trader must be "aware"..so the trader must know
     
    #7063     May 9, 2021
  4. M4-1

    M4-1

    NY did speak..with pointed beak
    to be aware..one must do stare
    before the risk..not set too brisk
    avoid the bliss..and use Obvious :)
     
    #7064     May 9, 2021
  5. fairvalue

    fairvalue

    are we talking about a horizontal or vertical beak? The beak of an eagle or the beak of a tucan or a stork =)
     
    #7065     May 9, 2021
  6. M4-1

    M4-1

    the eagle fly..above so high
    with vision keep..the pray who sleep
    a sudden drop..a sudden pop
    the meal is nice..can do it twice :)
     
    #7066     May 9, 2021
  7. M4-1

    M4-1

    GO not thick..and has big stick
    to beat us all..with words so tall
    but some do know..that stick is bow
    with tune so fine..can catch a dime

    then some do say..of words today
    the meaning muse..it does confuse
    but point be so..that you do know
    not take the piss..for Obvious :)

    we can go on..and sing more song
    or may there be..a way with key
    for that is sure..as virgin pure
    to open wide..look deep inside

    the water bear..who always dare
    to go where no..man ever show
    when all is lost..and days are frost
    he will survive..keep world alive

    so how appear..a thing so queer
    with looks so vile..make no one smile
    the answer be..it TIME you see
    for TIME shows all..and make you tall

    GO is back..to break our back
    with thorny stick..should do the trick
    but this was tried..by those who died
    it made no change..the world still strange

    the key you see..it just may be
    between the ears..behind the tears
    to use it right..forget all shite
    just look and see..what really BEE :)
     
    #7067     May 9, 2021
  8. Ed48

    Ed48

    A few guesses for the obvious pre-requisite to success:

    a) You have to know what you're actually doing. (How many embark on this pursuit not really having the first clue how to take money from the market?)

    b) You have to use a proven approach. (No amount of risk management and position sizing can turn a sow's ear into a silk purse.)

    c) You have to be able to identify entries where the odds are in your favour. Where price is more likely, than not, to immediately move in your direction. (It's better if a trade starts off on the right foot showing a profit, rather than going nowhere/sideways or showing a loss.)
     
    #7068     May 10, 2021
  9. fairvalue

    fairvalue

    I have no idea what the obvious pre-requisite is. I just want to ask you, on what foundations do you build your assumptions? Are you talking about pre-requisite or prequisite? Does this make any difference? =)
     
    #7069     May 10, 2021
  10. Nemesis

    Nemesis

    So many riddles for which it is often impossible to know what was in mind when stated.

    What is obvious to me for trading:
    An opportunity is a pre-requisite, a situation that has potential to be exploited for gain, and also of course, a trading method is required ready to be used when an opportunity presents itself.

    A successful method is obtained from an initial idea and refined from experience gained.

    Secret knowledge known to a select few? There is no such thing as far as I am aware, but those who have faith in the existence for such knowledge will waste precious time seeking it from others, when in fact they should look within themselves for answers.

    In the context of recent discussion, the prior days high, low and close are often important levels at which price stalls or hovers around. Whenever price stalls for a while at such a level, often in the period after the market open, eventually price breaks up or cascades down. Similarly, opportunitites exist around market announcements.
     
    #7070     May 10, 2021