Why Is The Obvious Not So Obvious?

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

  1. Vindago

    Vindago

    yes and no... time is packaged into bars/candles, right?

    so when you look at a chart you look at the price escursion during a month, a week, a day etc.

    Now, is it the same to look in real time to a 1min chart and a daily chart?
     
    #8311     Apr 18, 2023
  2. What are you getting at? Yes
     
    #8312     Apr 19, 2023
  3. Vindago

    Vindago

    First rule of the wannabe trader (we all are until we make it): think for yourself, do not go looking for a guru, trainer, book to teach the secrets of trading, you will never find them this way.
    second rule: hear what people, books, trainer, guru says but think about it and filter in what you deem useful and out what is not.

    I gave you some food for thoughts based on my experience, it is something important for me but for you? only you can know, so do what you will with what I wrote, it makes no difference to me and it may make no difference to you too or it may...
     
    #8313     Apr 20, 2023
    SunTrader likes this.
  4. Traderz

    Traderz

    Ah yes the time=money mantra. Price can only do one of three things, Most will never figure it out. Blame the education system and shills gurus whatever, this is the fate of those incapable of thinking for themselves. So what will it be red pill or blue pill??
     
    #8314     Apr 30, 2023
    Vindago likes this.
  5. Vindago

    Vindago

    Actually, often enough, price will be doing two or even all the three things at the same time, depending on the magnification with which it is looked at:D
     
    #8315     Apr 30, 2023
    Traderz likes this.
  6. Up down or sideways. But how does this help me?
     
    #8316     Apr 30, 2023
  7. Traderz

    Traderz

    Buy when it goes up, sell when it goes down.
     
    #8317     Apr 30, 2023
  8. Ed48

    Ed48

    #8318     May 1, 2023
    fourtiwinks likes this.
  9. I’ve done this though and it doesn’t seem to work for long? Maybe I should have waited more patiently? Idk
     
    #8319     May 1, 2023
  10. Ed48

    Ed48

    If anyone wants to study the OP's posts (to try and discover the secret sauce :D), the attached PDF is a bit more convenient than trawling through the thread.
     
    #8320     May 4, 2023
    Onra likes this.