Why Is The Obvious Not So Obvious?

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

  1. Yes, fair enough to use it as an analogy. Though perhaps when you specify 'expensive' paintings you are missing something 'obvious'.:)

    - palinuro
     
    #911     Apr 22, 2009
  2. nysestocks

    nysestocks Guest

    Yes - and that is where the greed and fear associated with trading comes in.

    It can be a two edge sword - in order to learn you must first act, but if you act foolishly, as with anything, you will more then likely end up regretting it.

    In order to learn - gain experience - it should be "obvious" by now what one HAS to do, just in order to be able to gain "some" experiences.

    The amount of experiences that each trader will go thru, will depend on many things, but, the approach that every trader, who wants to succeed, should be more or less the same, so that they at least have a good chance of learning.

    Common sense is not that common!
     
    #912     Apr 22, 2009
  3. nysestocks

    nysestocks Guest

    Now you have me thinking:D
     
    #913     Apr 22, 2009
  4. RainMann

    RainMann

    A good Hat?
     
    #914     Apr 22, 2009
  5. nysestocks

    nysestocks Guest

    Second last post.

    You know my take on our Education system;

    "dint of the lash >> so many asses layden with books"

    The key word is "espouse" - like all the books written by the wise, the purpose, for me at least, is that you have to "actually" have a "real interest" in what you are doing.

    Maybe this is more familiar to some;

    "Half the job is liking what you do"

    To "show" someone is to do them an injustice - to arouse interest in someone is to help them help themselves!
     
    #915     Apr 22, 2009
  6. Redneck

    Redneck


    Jim,

    You can call me RN, you can call me asshole, or a mindless nitwit… you can call me anything you like – but teacher – please Sir


    You and the mkt are your best teacher



    Now to answer your question

    Some answers are right for you – and wrong for me

    Some answers are right for me – and wrong for you

    It can be no other way


    But does that make them any more right or wrong – Sir

    You will know when the answer is correct




    I dare say my mind is open as I write this

    Gotta go
    RN
     
    #916     Apr 22, 2009
  7. There is a way to know. Your trading account balance will tell you if you have the correct answer.

    If you are not achieving the goals you set for yourself then you have to take a long hard look at your trading and determine why.

    Step back and evaluate your trading. Don’t ask why the market is doing this or that. Ask why am I doing this or that.

    If what you are doing isn’t working then stop doing it (how obvious is that?) and do something different. Keep eliminating the things that don’t work.
     
    #917     Apr 22, 2009
  8. :) Like it. A hat would indeed be useful but personally I'd like to have an umbrella. Provides that bit more cover.
     
    #918     Apr 22, 2009
  9. Just a quick question for the birds here...

    Do you ever bother trying to catch the worm as it wriggles its way out the hole or only take a pop at it as it wriggles back in?

    Personally I'm now tempted to have a pop at it both times. After all, worms don't show themselves above ground all that often. Previously I've only ever considered trying to grab hold of them as they bolt back down the hole since it can sometimes be a very nasty meal. Wonder if I'm just getting a little greedy though...?
     
    #919     Apr 22, 2009
  10. RainMann

    RainMann

    ScoobyStoo


    I like it when the worm pops above ground, but the ground is hard. The worm can't seem to get back in.....
     
    #920     Apr 22, 2009