Why Is The Obvious Not So Obvious?

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

  1. schizo

    schizo

    Hindsight analysis is no fun for sure. But you also know that the first candle on the left side was at one time the last candle on the right side of the screen. Nothing's new under the sun around here.
     
    #8411     Nov 4, 2023
    ironchef likes this.
  2. themickey

    themickey

    Everyone's brain is wired differently, some people see things which others can't, as well we are biased and have different interests, we see things we are interested in and don't see things we are not interested in.
    I can't intraday trade because I don't want to, as well I believe it is more difficult than longer term swing trading, so these biases affect me by "I can only achieve what I believe I can achieve".

    Bar by bar, I have no clue, nor do I wish to know, but Schizo for example may have a very high success rate bar by bar but maybe fail to know how the big picture will unfold, just using as an example.

    The other thing the machine robot does is rotate from one sector to the next.
    It may pursue one sector and not another, for example recently uranium and coal were hot, now they are going cold, later they'll turn hot again, Lithium went cold, shortly hot, Nasdaq Index rotates as does Dow and Russell etc.

    There are times when a long swing trader shouldn't trade, I don't use MA's but some say don't trade below MA200, I use a different method, a countback of 65 days is a good idea, but I use a different method again.

    So sometimes the machine is programed only to take short trades, how it does that, gawd only knows, ie shorting stocks simply, I have no clue how they would obtain than method.

    I am aware for example, if AustralianSuper take a large position in a stock, runthefuckaway, as that stock will be shorted hard.

    So sectors go up and down like piano keys and if you're a stock trader you target the hottest stocks in each hottest sector.
    The best, simplest, roughest, fastest way to identify hot stocks is using a ratio volume divided by stock price.
    Be aware hotstocks run up and down hard, don't become a bagholder, don't fall in love.
     
    Last edited: Nov 4, 2023
    #8412     Nov 4, 2023
    Onra, ironchef and Zwaen like this.
  3. themickey

    themickey

    No pattern as such, just straight lines.
    All trends are straight lines.
    At times the straight lines are broken by noise.
    As mentioned, I don't trade intraday as to do so it would be best imo to use algo programed automation, don't attempt manually as it will grind you down imo.

    There is always noise, but you need to deal with that in your own way in the timeframe you trade.
     
    #8413     Nov 4, 2023
    ironchef likes this.
  4. themickey

    themickey

    upload_2023-11-5_4-53-43.png

    Crypto behaves technically, easy to trade, moves fast.
    Here it is behaving perfectly atm, no surprises.
     
    #8414     Nov 4, 2023
  5. themickey

    themickey

    upload_2023-11-5_4-57-10.png
    Bitcoin 5 minute chart, all straight lines.
     
    #8415     Nov 4, 2023
  6. themickey

    themickey

    Once you know you have a machine you are dealing with, it becomes easier to trade.
     
    #8416     Nov 4, 2023
  7. themickey

    themickey

     
    #8417     Nov 4, 2023
  8. ironchef

    ironchef

    This Youtube video interview subject basically said what you stated in a different term:

    The Market today is controlled/managed by algorithm

     
    #8418     Nov 4, 2023
    themickey likes this.
  9. themickey

    themickey

    It
    Would be impossible to trade with that horny chic sitting next to you.
     
    #8419     Nov 4, 2023
  10. ironchef

    ironchef

    Thank you.

    Very interesting perspectives/observations.
     
    #8420     Nov 4, 2023