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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer -- Ignore unavailable to you. Want to Upgrade?

To: queenleah who wrote (1611)	10/14/2007 11:33:15 PM
From: Kirk ©	Read Replies (2) \| Respond to of 2121

You are running in circles and I refuse to play your silly game. You asked me if I agreed with David's comment that Brinker, as a trader with experience, should have set a stop loss rather than continuing to suggest buying as the QQQQ fell from $87 where he was recommending it to the mid $40's when he put it on hold. I said NO, he should have shorted as soon as the QQQQs went in a direction other than he expected. You see, I "consult" for someone who is the most exceptional trader I've ever seen. I tracked his trades for about a year because I didn't believe they could be that good. I could not find anything wrong with his results other than he was amazingly successful. He is a professional trader and when his trades break his support or resistance levels, he reverses longs to short and shorts to long. You asked me what an experienced trader would do and I answered. BTW, Brinker used to "advertise" in the 1990's that he would go short if his model turned bearish. He even suggested subscribers get the prospectus for an "inverse S&P500" mutual fund so they would be ready to act when he gave the say-so. I think may are upset with Brinker for using his radio show in the 1990's to give the impression he was an experienced and successful trader while it turned out he was nothing more than someone having the benefit of a bull market to save his bad trades. The good traders I've observed don't care what direction the market is moving.