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Strategies & Market Trends : Elliott Wave and Index Trends with POKERSAM
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To: GROUND ZERO™ who wrote (1557)10/12/2023 6:52:18 PM
From: POKERSAM1 Recommendation

Recommended By
GROUND ZERO™

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Well, all I can say is amen to all of that.
Most scammers are perma bulls. The reason they are is obvious. Since the markets go up 60% of the time and every bear market recovers and goes to new all-time highs, they will eventually be right. Long term they are extremely dangerous. One I know has missed every bear market since 1999 when I first encountered him. A 50% hair cut to your account can be a disaster if you lose all your money.
Remember that studies show that 90% of traders lose money. You cannot allow an emotional bias to govern your trades. If you do you will lose. The markets are driven by fear and greed, but a successful trader is not.
This same analyst admitted years ago that he learned that if you want to be known as king of the markets you had to remain bullish. He learned that lesson well because that is all he has ever been. On the last bear market, he called for new all-time highs at the bottom of five different dips. He was wrong each time. Of course, he never admitted he was wrong. That would not fit his claim that he is the only one who knows anything.
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