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This ceases to hold if trading is restricted to rebalancing only at finitely many stopping times. This paper studies so-called \\textit{simple arbitrage} based on such simple trading strategies.  As a main result simple arbitrages can be chosen to belong to one of two special cases. Either they need not enter a position of debt at all (\\textit{0-admissible arbitrage}) or they lead to a deterministic minimal terminal gain if they start trading at all (\\textit{obvious arbitrage}). For continous processes, the absence of 0-admissible arbitrage can be reformulated in terms of a so-called \\textit{two-way crossing} property. 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