Yesterday I had the opportunity to watch an infomercial on a course teaching trading to anyone who could afford the price of the course after the free seminar.
The course guaranteed, that the course operator will succeed at trading with no knowledge of the market or the product of his or her actions in the market. The infomercial guaranteed its methodology and sighted specific examples of how an enlightened self interested trader, could consistently out perform, buy and hold. ( i wondered why buy and hold was construed as so negative) but the program quickly answered the thought, with proof of a massive distribution of microsoft over 10 years.
Hundreds of people, maybe thousands are now employing this and other systems all without any knowledge what so ever of the products of thier actions.
While I can see this as viable, I could never undertake it as a means to an end. I've never believed that the market was marks on paper world, though I concede there are times when any product of the market can be assumed to be in control of a marks on paper methodology.
Investors are a disaggregated bunch, we operate from the premise of non contradictory identification, and while it might be true, that mr smith can properly identify a top of a head and shoulders pattern, and act to profit from the same condition, over and over.
That this success boosts mr smith confidence inducing him to employ each side of every potential, making a profit every step of the way, as guaranteed by the program seemed a bit odious too me and left me with the thought that Mr smith has adapted himself to the role of useful idiot.
Now please, do not send me any email saying your wallet is bigger than mine and I should never look at successful methods as a critic. I am not actually critical of Mr smith or envious of his success, but I have reservations about the usefulness, repeatability, and scalability, of limited knowledge employed to purpose not fully understood.
Its here that I disconnect from these amazing offers.
cognizant of the disconnects that surround us all; aware that, its always the missing information, that bites.. |
