A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006.

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Entry from April 15, 2011
“Trade what you see, not what you think”

"Trade what you see, not what you think/believe” has been cited in print since at least 1999 and has been credited to trading educator Joe Ross. The adage means to trade on what the market does (what you see), not on your own opinions of what the market should do (what you think).


Joe Ross Trading Educators
Trading Educators Inc.Trading Educators was founded in 1988 by Master Trader Joe Ross. He is the President and CEO of Trading Educators, and he actively supports his customers with his experience of over 50 years of trading (and experience of many more years than that of living).

Google Groups: misc.invest.futures
Newsgroups: misc.invest.futures
From: “Mike Higgs”
Date: 1999/08/05
Subject: Re: Can the Little Guy Win in Futures?

> Read and paper trade, then jump in and learn how to deal with losing
> real money. Learn to trade what you see and react to the markets,
> don’t try to forecast. Don’t go in search of the “Holy Grail”, it’s
> not out there.

Google Groups: misc.invest.futures
Newsgroups: misc.invest.futures
From: (Unknown Trader)
Date: 2000/01/20
Subject: Re: How To Predict Market

Get real, trade what you see, not what you think.

Google Groups: it.economia.borsa
Newsgroups: it.economia.borsa
From: “Ktm”
Date: 2000/03/10
Subject: Re: IL “CASO-LOCARINI"- Cui prodest?

Trade what you see not trade what you think

Google Groups: misc.invest.stocks
Newsgroups: misc.invest.stocks
From: Mary
Date: 2000/10/15
Subject: Re: Good post

No problem.If you are interested the post is from the “trade what you see,not what you think” thread on Silicon Investor

Google Groups: alt.invest
Newsgroups: alt.invest, misc.invest, misc.invest.futures, misc.invest.misc
From: “Trading Educators”
Date: Wed, 14 May 2003 14:23:51 GMT
Local: Wed, May 14 2003 9:23 am
Subject: Logfile of the Free Chat with Joe Ross

Below is the log file of the Free Chat with Joe Ross.
(...)
[20:49] Everyone: Trade what you see, not what you think.  Right now the bonds are soaring on deflation fears.

OCLC WorldCat record
Trade what you see : how to profit from pattern recognition
Author: Larry Pesavento; Leslie Jouflas
Publisher: Hoboken, N.J. : John Wiley & Sons, ©2007.
Series: Wiley trading. 
Edition/Format:  Book : EnglishView all editions and formats
Summary: Trading the financial markets is extremely difficult, but with the right approach, traders can achieve success. Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders

Barrons.com
Getting Technical | WEDNESDAY, SEPTEMBER 19, 2007
Trade What You See
By MICHAEL KAHN
When the market makes strong breakout moves, we have to accept them even if we do not believe in their worth.
THERE IS A BATTLE THAT EVERY chart watcher fights when what is actually happening is not what should be happening. For many, the stock market should not be rallying, but the raw reality is that the bulls have taken back the controls.

In technical analysis circles, there is a mantra, “Trade what you see, not what you think.”

Google Books
Binary Trading:
Profitable Strategies for Binary Betting

By John Piper
Hampshire, Great Britain: Harriman House
2009
Pg. 184:
Joe Ross said it best when he said: Trade what you see, not what you think! Build your system, and then trade following the rules based on the market action you see.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Friday, April 15, 2011 • Permalink