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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Tim Bagwell who wrote (12450)3/1/2001 7:21:35 PM
From: Rillinois  Read Replies (3) of 42834
 
Tim Bagwell,

Re: If you are a good trader, and only the good ones should have participated in the first place,...

If you are good trader, why do you need Bob Brinker to tell you when to buy QQQ's???? Besides, Bob recommended this trade in his newsletter to aggressive and conservative investors, and the last time I checked Marketimer's target market is not sophisticated traders.

Re: The second CTR has been a disaster but you must consider the exogenous events which did have an effect whether you want to admit it or not.

More reason why you should check your ego at the door when you are trading. Exogenous events occur all the time. It's these unexpected events and how people react to them that make markets move up and down.

Why didn't Bob recognize the exogenous events and cut his losses? Ego. And because he didn't cut his losses, now he has bigger losses and less credibility.

Best Regards.

Rillinois
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