Now THIS is instructive:
"the realization that all your vague commentary and insult-tossing is not supported by actual trading. To listen to you blow your own post-facto trumpet when you so clearly didn't have enough confidence in your mental meanderings to take an actual position is a waste of time"
Firstly, I and one of my companies is a registered investment advisor. We do, indeed trade and invest for ourselves and others. Our risk adjusted returns for the past 5 plus years are quite good. So much for the first willful misrepresentation. Projection maybe?
As for blowing my horn, well, what I was doing is showing you that the sentiment works (remember that free stuff I gave you a link to that you can get at any time?). It's not like I'm posting some spectacular (and irresponsible) prognostication of "the top for the next decade!". I'm showing you how a tool works. The tool is available to you. I've pointed you (and that really means more intellectually honest others) in the right direction to apply the tool as appropriate.
Now, what folks really ought to note is the implication that if one is cautious and concerned about the the market, near term, one ought to take a short position. Note that the poster, Mssr. Win-Lose-Draw doesn't view CASH as a legitimate position. He SEEMS to think that one always has to be making a BET. This is what GAMBLERS do. Gamblers love to take positions--to make some sort of bet until their accounts are blown out. After their trading capital is gone, they post on message boards pretending that they still have two shekels to rub together. They they'll attack others who know what they are doing. Successful Traders don't feel compelled to always take a position. They know that they need to be patient and wait for their set ups. That's why they make money and aren't whipped around emotionally like teenage girls with raging hormones.
If I had a word of advice for lurkers, it would be to ignore or fade this guy. He clearly doesn't know what he's doing and worse, he presents himself as someone who does, literally encouraging others to act like gamblers rather than traders.
Oh, you want to see a long-term trading record it's at www.FreeChartoftheDay.com That's with less than 20% leverage max and often with less than 50% of capital exposed.
Sheeze.
I think I'll just put the link up to the free market analysis area from time to time. I now remember why I created traders-talk in the first place.
Mark Young |
