Why Is The Obvious Not So Obvious?

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

  1. Pelt

    Pelt

    That seems to be a belief. Only you can know why or if that belief is really there, but will be interesting to know if you can replace it eventually.
     
    #8001     Jan 4, 2022
  2. I'm still around... :)

    Happy new year to you as well!
     
    #8002     Jan 5, 2022
  3. This seems odd. You had one of the most profitable periods ever, but gave up and went back to work? And abandoned the idea that worked so well?

    For me it was the other way around. I quit my job after doing really well initially swing trading stocks and went on to lose greatly as a full time day trader.
     
    #8003     Jan 5, 2022
    Wide Tailz and NumberZ like this.
  4. Since the subject of a low risk entry was brought up - I'll add one more comment:

    If you have a valid way of recognizing a (strong) trend and only trade with the trend when a strong trend is present - your entry does not need to be perfect and you can do well even with sloppy entries. You can enter on a pullback, but you can enter buying tops and selling bottoms, too, i.e., BHASH or SLABL.

    Trading a range bound or choppy market requires a different approach/skill/recognition. In absence of that, BLASH and SHABL will become BLALL AND SHALH.

    I firmly believe that for many marginal traders moderate success is possible simply by learning to stay out and WAIT for clarity and WAIT for that good trade, but this can be hard to do for many reasons and for many it's tempting to just 'get in on the action'. You'll go a long way simply by eliminating poor trades.
     
    #8004     Jan 5, 2022
    Ed48 and NumberZ like this.
  5. Onra

    Onra

    1e59af1800.png
    Is your chart related to this old pic?
    Which shows more of the Obvious?
     
    #8005     Jan 5, 2022
    Wide Tailz likes this.
  6. Wide Tailz

    Wide Tailz

    There was another poster on this site, several years back, that used to post his trade using "the obvious" as a strategy, though his tactics were different than presented by the OP.

    One time he annotated one of his trades, pictures and all, and at the end said "time to snack on another retail trader".

    He knew where the other side of his trade was coming from..... and knew they were about to regret it.
     
    #8006     Jan 5, 2022
  7. Wide Tailz

    Wide Tailz

    That is absurd. Have you been a student of Jack Hershey, by any chance?
     
    #8007     Jan 5, 2022
  8. Onra

    Onra

    No, not Jack! :D
    :wtf: ...I spend days on this "absurd" pic... o_O
     
    #8008     Jan 6, 2022
  9. Ed48

    Ed48

    A little bird tells me that the Obvious will be fully revealed when we reach page 1000.

    So everyone keep posting. :D
     
    #8009     Jan 6, 2022
  10. Vindago

    Vindago

    so another couple of years before the big revelation?:D:D:D
     
    #8010     Jan 6, 2022