Well, traders who lose money blame themselves, of course, and that's where the responsibility lies, I think (except in scams, which is another issue entirely). I don't think traders/subscribers are victims really (unless perhaps victims of their own gullibility, foolhardy approaches and lack of money management).
A lot of gurus genuinely believe in themselves, I think, and have good intentions. But in this market, the gurus are probably better able to manage their money than most subscribers.
It's difficult for new investors seeking advice. They're in search of any help they can get. It's difficult even for experienced investors, especially in this volatile market. When it comes to gurus, people really should be wary. That's my opinion, at least. But it counts for little. Many people seem eager to find gurus. Generally, gurus set out to help people make money, I think, but it isn't easy, and people often find that out before long.
Most gurus do stress the need for stops, money management, "due diligence," etc., and that's a good thing. People also need to know the newsletter or service's performance, too, by looking at a record of all trades, all recommendations. In this market, many records would not be all that good, I suspect. That's my hunch, at least.
But whaddo I know? Each to his or her own. |
