I think Bob could have said that if the trade [QQQ] did not work out, subscribers should consider setting a stop loss at a percentage they were comfortable with.
That goes without saying, too, because anyone who knows what they're doing knows that, and is prepared to take action or prepared to take the lumps when it doesn't work. And anyone who doesn't know what they're doing shouldn't be in short-term trading. Brinker doesn't know each of his subscribers, we all need to know ourselves. Also we all best be very familiar and considerate of our own risk-tolerance level. Yes, we know it was Brinker's recommendation and undoubtedly many people followed it, even if they didn't know what they were doing.
Yes, the rec was a mistake, it was wrong, it was Brinker's Big Mistake, we "got" that. What some of us don't get is where is/was the personal responsibility of these supposed "victims" of this supposedly "catastrophic" event? Were there dollar signs where their cerebral cortex should have been? And where is it seven years later? A few seem to be still agonizing and blaming. Some have undoubtedly at least glanced inwardly instead of outwardly and gained a bit of SELF-knowledge in the process. Some only like to look backward and outward it seems.
I don't think any newsletter advisor can or should couch his/her recommendations in language such as "well, if you think you are abc, maybe you should do this, and if you think you are xyz, maybe you should do something else, I don't know, maybe if it doesn't work for you, maybe you should do so and so...but on the other hand..." |
