Why Is The Obvious Not So Obvious?

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

  1. themickey

    themickey

    No.
    First off I swing trade stocks.
    I work off data sheets (not charts) which is not sourced from chart suppliers.
    I trade more of the long game and so an hour or day here or there is not critical.
    I tend to trade off levels plotted from 3 monthly to 6 monthly periods.
    I'm now trying to ween off trading multiple stocks and more into hot sectors via etf's.

    I look at charts but just as an overall idea, birdseye view, so if barcharts.com is inaccurate on bitcoin, the difference doesn't effect me as I plot my moves from my data.
    My data gives me the heads up, not the charts.
     
    #8491     Jan 25, 2024
    Onra likes this.
  2. Where do you get your data sheets?
     
    #8492     Jan 25, 2024
  3. themickey

    themickey

    I create my own algos, have been for many years, learnt the game from a Amibroker mentor. (Kaveman).
    The guy lives about 1 hours drive from me.
     
    #8493     Jan 25, 2024
    NotTheExpert likes this.
  4. This line of thinking regarding movements and volatility led me to an idea. going to research and explore it now :D
     
    #8494     Jan 25, 2024
  5. Children like to play around and try a lot of different things. As adults, we stick ourselves into bubbles and don’t think outside of what we want to believe. We can also be much less energetic and lazy. Combine those 2 things together and a person never learns what they need to learn.
     
    #8495     Jan 26, 2024
  6. schizo

    schizo

    Not sure if you're here to learn how to trade or how to philosophize. With your level of wit, you'd be better off cracking a book on Plato's Cave. :)
     
    #8496     Jan 26, 2024
    NotTheExpert likes this.
  7. themickey

    themickey

    That's definitely how not an expert would think. :)
     
    #8497     Jan 26, 2024
    NotTheExpert likes this.
  8. M4-1

    M4-1

    did you read Uncertainty and Expectation by Gerald Ashley..if not..then you will always find it hard to understand why it is you lose when you risk your hard earned money..

    i just got an email notification that i had a private message..asking me do i post here any more..well..it is Obvious that i don't :)

    why not..simple..just a waste of time..and i have far more important things going on at the moment..

    in the past i "had to post"..but now it doesn't bother me if i don't look in here for 6 months or more..or even longer..

    RN returned and i thought i might post some more..but never did..as like i said..u need to get your priorities right..and not waste precious time..as TIME = Money

    so..u are not getting good results..so..why is that so..well..the most important thing to consider is that u might be trading the wrong market..as.. different markets behave differently..BUT..no matter what you trade..if you don't wait for a low risk entry..then it really doesn't matter what you trade..as the odds are stacked against u without low risk entries..

    so u might ask..what is a low risk entry..simple..an entry that has a high probability of moving in your favour shortly after u get filled..and this is where market selection and strategy pays off..

    fail to plan..plan will fail

    now that is so OBVIOUS :)
     
    #8498     Jan 27, 2024
  9. M4-1

    M4-1

    many here would benefit greatly from reading ION..as there are definitely a lot of Homers around here :)
     
    #8499     Jan 27, 2024
  10. M4-1

    M4-1

    no need to reinvent the wheel..there are plenty of platforms out there that can EASILY enable you to SEE low risk entries..one that comes to mind is MT5..a brilliant simple platform..and..if you want to mix with the buzz worders..u can even add third party stuff that allows u to see and trade order flow..trade multiple accounts with same order..and tons of other stuff which some would consider a total waste of time..

    the most important thing that i found with MT5 is the ability to draw horizontal lines..and..automatically put in lines for major price levels..that one saved me a load of work when setting up my charts!!!!!
     
    #8500     Jan 27, 2024