OT Rant: Not directed to FUBHO, or anyone in particular: Whether or not ECRI is proven to be right is not really important.
I think we should all have learned since that first call that the market does not trade in lockstep with whatever forecast ECRI makes.
I know of one of the thread participants sold a bunch of stocks that he had been long on thinking that ECRI would be proven immediately right.
That obviously did not happen.
The market traded much higher from October to April. Data came out for months saying the economy was improving. Even though ECRI said time and time again that that is not at all abnormal. They also said that recessions are often not recognized until long after they actually start.
Long or short people can lose money. I thought ECRI would be proven right way back last year myself. That September market call gave me some of the impetus to short 5000 shares of KLIC. I carried an ugly paper loss of over 15K for a while due to my poor timing.
That bad trade was on me.
Bottom line people, regardless of what anyone says, ECRI, Return to Sender(LOL), The Motley Fool, Jim Cramer, Don Wennerstrom, Gottfried, Sam or the ever positive robert b furman, or anyone else.
We all make our own trades.
As such we take upon ourselves the responsibility to recognize that if we make a mistake based on information made available to us from any source it is your own mistake....
Furthermore, lyrically, I have to agree with Firefall who said...
If you just want to cry to somebody... Don't cry to me.
youtube.com
Learn to love trading, whatever method you do it by, win or lose, own it yourself, without blaming others.
There is always another opportunity ahead.
Everyone gets to be right about a trade, or a methodology for trading, at one time, or another but we all make mistakes too. Own both your downfalls and your triumphs and you will be respected by a whole lot more people.
RtS |
