Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Your Worst Trading Enemy.. You -- Ignore unavailable to you. Want to Upgrade?

To: ArnieC who wrote (119)	1/19/2001 12:34:07 PM
From: exdaytrader76	Read Replies (1) \| Respond to of 223

On an on-line trading broker tv commercial, a guy in the airport says, "Well, I would never buy a stock without analysts reports." Ha! When it comes to trading, fade the TV. An analyst report, IMO, is useful only to an investor. Traders only care about the stock price movement. People in general, IMO, always want someone to tell them what to do in the stock market. It's easy to buy a stock because an "expert" tells you to. It removes accountability and encourages one to hold on to losers, because, after all, the "expert" said it was good, so the market must be wrong about the stock, right? Look at the CNBC on-line broker commercials. They portray the "serious" traders as trading on-line off analysts reports entering orders on their cell phone. All I can say, is that to me this sounds like a virtually guaranteed way to lose money. Fade that TV.