Why Is The Obvious Not So Obvious?
I have read thru some of the recent and distant posts in this section, and have come to the conclusion that; the obvious is not so obvious to many!
There appears to be a lot of textbook information being thrown around, especially in relation to position sizing and risk management.
What every trader has to realise, is that all the risk management and position sizing techniques in the world are of no use what so ever, unless the trader is aware of the obvious pre-requisite to trading any market.
It will be very interesting to see what answers the many traders come up with for the obvious, those with little and lots of experience alike!
the starting biggest problem, is that most traders think they will somehow be in the 5% that are going to be profitable. Everyone else is going to be the 95%.
The continuing biggest problem is that the trader never really has an outperformance edge. And all the position sizing and risk management in the world will not overcome the house advantage (commissions, fees, slippage, errors, etc. etc.)