Why Is The Obvious Not So Obvious?

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

  1. jim2000

    jim2000

    Thank you Redneck trader.
     
    #711     Apr 18, 2009
  2. jim2000

    jim2000

    Consider trading a game of poker.

    Treat each trade like a poker hand.

    Consider trading a day at the crap table.

    Treat each trade like a roll of the dice.
     
    #712     Apr 18, 2009
  3. RainMann

    RainMann

    Quote from RN


    My hat is off to you RN. No. (3) is absent my list as I could attach no meaning to it. It was missing the "to change" part. I humbly submit that as interpreted by you, it would absolutely make No. 1 on my list as well. I can attach perfect meaning to that, and I recognize it's importance in the order of ones progress.


    RM
     
    #713     Apr 18, 2009
  4. Redneck

    Redneck


    Absolutely agree :cool:
     
    #714     Apr 18, 2009
  5. Redneck

    Redneck


    Thank You - but I'm just a dumbass trader who knows nothing:p


    eta - I just looked over your and my rankings - they are not so different after all - Go figure:D
     
    #715     Apr 18, 2009
  6. RainMann

    RainMann

    I know nothing of these "rankings"

    There go my rankings...
     
    #716     Apr 18, 2009
  7. Redneck

    Redneck

    One thing I would like to add if i may (I had a thought)

    I've shared my views on changing my internal wiring - for whatever that may be worth..

    Now a few things I would like to make clear with regard to trading


    It only matters what you do - not what you think

    It's about making money

    It's gambling

    There are no experts

    Back to figuring out the obvious:D

    RN
     
    #717     Apr 18, 2009
  8. jim2000

    jim2000

    nysestocks

    You do not use one single indicator, what do you use?
     
    #718     Apr 18, 2009
  9. RainMann

    RainMann

    Quote from NYSE

    NYSE

    This has gnawed me. For me, the worm need not come out of it's hole. For me, this thread has no secrets that I need. It simply has caliber.

    RM
     
    #719     Apr 18, 2009
  10. RainMann

    RainMann

    Quote from NYSE



    As relates to the above, I dug up my old favorite "life changing" bible in order to find this text. It helps to explain how the herd operates with regard to trading on the advise of the unknowing.



    "An error lurking in the roots of a system of thought does not become a truth simply by being evolved. It remains an error; and if thought is consistant, that consistancy can only mean a more intricate enmeshing in error. Usually it requires a mistake in logic to produce correct conclusions from false premesis, but false conclusions can be drawn from false premesis with strict logical accuracy. In this way, integral and elaborate systems of thought can be unravelled in which the rules of logical procedure are rigidly adhered to, and yet the entire system can be invalidated by an error at its base."


    RM
     
    #720     Apr 18, 2009