Why Is The Obvious Not So Obvious?

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

  1. Traderz

    Traderz

    So much misdirection in the world not just trading either.
     
    #8301     Apr 14, 2023
  2. A central message in this thread is that you should not trust gurus and that most of what you're told is useless.

    Yet, what is it that most people in this thread do? They only replaced other gurus with the OP and every other expert in this thread - hanging on to their words, searching for hidden clues where there are none and hoping for their guidance.

    In trading, you're alone. One needs to accept that or move on.

    So, if you're alone and want to learn, then start studying the actual market. How does it generally move most of the time? How can I make a profit? Are there patterns which repeat themselves that can be exploited? What is required of me?

    Study the market intensively and continuously. Keep testing. Keep researching. Find what doesn't work. Find what works. Takes a long, long, long time. But that's where the answers will be found. Not from false gurus or in this thread.

    But as the work required is beyond what most want-to-be traders realize and with no guarantees at the end of the road, the most rational choice would be to let it go and just give up. This is not meant to be negative or cynical, but actually helpful and friendly advice as the cost of becoming a profitable trader on your own is very, very high both in terms of money and time spent.
     
    #8302     Apr 14, 2023
    Traderz and Vindago like this.
  3. Ed48

    Ed48

    And potentially your sanity. :D
     
    #8303     Apr 14, 2023
    Laissez Faire likes this.
  4. Time = money …. I keep thinking about this and I feel like I know a couple of meanings behind this… most options expire useless. Volatility increases at certain sessions. New candle opens on the hourly etc can be very volatile and can wick above another candle quickly to then make its entire move known very shortly after its creation. Many things come to mind.
     
    #8304     Apr 14, 2023
  5. Some people even look to taking out the Asia session range which seems like common behavior but I think I even extends beyond that. Oh and also, the time stops are really interesting. So this thread, contrary to what you might believe, has very unique ideas. I’d like to learn more
     
    Last edited: Apr 14, 2023
    #8305     Apr 14, 2023
  6. Vindago

    Vindago

    Time = Money is very, very obvious once you stop and look at charts
     
    #8306     Apr 14, 2023
  7. How so? With the sessions opens and closes? With how the market has to literally move for a person to make money?
     
    #8307     Apr 16, 2023
  8. Vindago

    Vindago

    how is time represented on a chart?
     
    #8308     Apr 17, 2023
  9. schizo

    schizo

    Speaking of philosophy, the OP comes across as the Nietzschean Zarathustra who feels compelled to impart wisdom to the irredeemable human race:

    "Behold! I am weary of my wisdom, like a bee that has gathered too much honey; I need hands outstretched to take it. Take it!"
    --Nietzsche, Thus Spoke Zarathustra
     
    #8309     Apr 17, 2023
    Laissez Faire likes this.
  10. X axis. Seconds, Minutes, hours, days, weeks, months
     
    #8310     Apr 18, 2023