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Unfortunately, Bill, there are no licensing requirements for declaring a status as psychotherapist (probably what "Master at Mastering Emotions" qualifies as). In most states, ANYONE can declare themself a therapist of one sort or another even if they have absolutely no education or experience that one would ASSUME they must have in order to give themself a title. Sad but true. No wonder therapists get such a bad name. The educated ones aren't guaranteed to be competent, but at least they went through some kind of training with professional guidance. I wonder what university offers an MS or PHD in "Mastering Emotions." Sounds more like BS material to me.
I agree that posting results at the end of the week is worthless. Even five minutes late wouldn't mean much. A great way to sucker people is to review data, find some kind of pattern and then construct a formula that always gives the right answer. Of course it does! The answer is already known. Every day the market offers infinite ways to take $1000 and turn it into $1 million. Problem is, it's only at the end of the day that all those ways become obvious. Anyone who trades knows what I'm talking about. Action often comes down to one split second. After that, the stock is either up or down. But it has gone its way. How easy is it to say, "I would have bought before the price went up?" Easiest thing in the world. Much harder to actually do it and not go broke.
Rather than focusing on "what a winner I am", how many glasses of water I should be drinking or whatever, it is my opinion that time would be better spent learning how to identify relatively low risk trading opportunities with a good profit potential, preferably where the stop point isn't too far below where the stock is trading. Of course, such a simple concept doesn't require a high priced seminar, nor does it guarantee winners every time. From my limited experience, though, it's the best we can do (short of trading on illegal inside information).
Then again, Bill, we seem to be talking to ourselves.
Regards,
Paul Kaz |
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