What is Realization?
Cho Sing Kum
31st
Dec 2002
Realization. What is
it?
Realization: n 1: coming to understand
something by thinking about it; "a growing realization of the risk
involved"; "a sudden consciousness of the problem he faced" [syn:
realisation, recognition] 2: making real or giving the appearance of
reality [syn: realisation, actualization, actualisation] 3: something that
is realized; "the victory was the realization of a whole year's work" [syn:
realisation, fruition]
Do you agree that every single trade done either on the exchange or
over-the-counter was made as a result of some consideration? The buyer
must have a reason to buy and the seller must have a reason to sell. The
buyer must have a reason to, not just buy, but to buy at that price and
the seller must have a reason to, not just sell, but to sell at that
price. Do you agree with this?
Do you agree that price will continue to exist and move around as long as
there are buyers and sellers. Do you agree that for every buyer to
successfully buy there must also be a seller that successfully sell at the
same price. Do you agree with this?
Do you also agree that there are buyers who buy on fundamental reasons and
there are buyers who buy on technical reasons. There are also buyers who
buy on don't-know-what reason. That there are sellers who sell on
fundamental reasons and there are sellers who sell on technical reasons.
There are also sellers who sell on don't-know-what reason. Do you agree
with this?
Do you agree that the reason that a trade at such-and-such-a-price was
done was because not only of the combined resultant action and reaction of
all the buyers and sellers but also of the combined action and reaction of
those that did not buy or sell. Do you agree with this?
Do you agree that when you study price action you not only study the
resultant price trend but you additionally also study human action and
reaction. That this price trend and human action and reaction are all
resulting from whatever reasons that make them buy and sell in the first
place. Do you agree?
Do you agree that when you study price action, you in fact automatically
studying not just all the fundamentals, technicals, don't-know-what reason
but most importantly their actual resultant effect on price? Do you agree?
Why did you buy that PC at $1,599? Why did you buy that car at $85,000?
Why did you buy your condo at $1,000,000? Why did you buy that shirt? Why
did you choose that color? Why did you eat that food? Why did you choose
that girl to be your wife? Why did you choose that man to be your husband?
Do you agree that you have your reasons?
Whatever reasons you have, I don't need to know. I just know you bought
that PC at $1,599, that car at $85,000, that condo at $1,000,000, that
shirt, that color. You ate that food. You choose that girl to be your
wife, that man to be your husband. Do you know that I don't need to know
all the reasons because the price action as reflected on the charts tell
me all these facts? Do you agree?
Realization. It is a very personal experience.
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