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Pastimes : Why teach if you can trade? -- Ignore unavailable to you. Want to Upgrade?


To: Cheeky Kid who wrote (43)1/5/2001 4:35:58 PM
From: Smiling Bob  Read Replies (1) | Respond to of 313
 
So why pay for anything?
Learn how to build a house and a car, and do bypasses on yourself.



To: Cheeky Kid who wrote (43)1/5/2001 4:57:26 PM
From: pooh  Read Replies (1) | Respond to of 313
 
Don't know about you, but I can't learn every thing there is to learn. That's why I subscribe news letters for interpretation the foreign language in Economic, I listen to CNBC to hear what the fund managers thinks, I scan through SI to see what's up (or down), and I admittedly check with the pros like Jenna, OJ or other respected individual in SI community to see what they are up to. I can pick my own stock, but why not seeing if OJ has the same pick as I do, and compare with his reason; or see how Jenna comes up with the triggers that I haven't thought of?

I trade along with the market, and I cannot come up with the cycle, the Gann, the Eliot and bunch of other things that the experts come up for me. They sometime are right, or wrong, but they don't tell me to buy XYZ. They suggest, and it is up to each individual to balance one's need.

And you are right, there are few experts out there, but I can tell you this based on my personal experience: Jenna and OJ are pretty decent as stock pickers (professionaly). They are off many times, but if I lose money, it's all my fault that I did not manage my portfolio well. And lost money, I did!!! The year 2000 will always be in my mind, and it surely not because of its mark of the millennium.

Problem with the some subscribers is that some inexperience traders blindly follow everyone's pick without weighting their options. That is when they lose money, and blame on the pickers. None of the indicators are 100% faultless. None of the experts are 100% correct, but if one manage one's money well, 65% of winning picks can provide a healthy portfolio.

Also, it's just my opinion and experience <g>