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MandelbrotSet
Registered: Dec 2007
Posts: 7246 |
08-26-09 04:45 AM
Quote from TheBestGuruEver:
"For the last 20 years I have been entrenched in market action, from technical to fundamental, elliot wave to CAPM, and options to futures. Understanding psychology of the markets takes decades, and to become an elite trader you must be taught by an experienced veteran."
Quote from ProfLogic:
"You spend money not to get clobbered and I've spent 15 years figuring out what the big fisted hedge funds are too arrogant to learn. I just learned to read a chart in real time, am damn consistent and don't have to worry about what I do evaporating."
Hey, did ProfLogic study with you??#!??  
bwahahahaha 
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xenix
Registered: Jul 2009
Posts: 42 |
08-26-09 08:20 AM
The main thing is lots of impressive sounding (if meaningless) jargon. No one will believe you're smarter than they are if they can actually understand anything you say.
I tried marketing my 'goat entrail' system once, but it didn't have the right cache. So now I'm going with 'stochastic, inverse poisson distribution analysis.'
Yeah, that's it!
Hurry. This is a limited time offer!!!
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TheBestGuruEver
Registered: May 2009
Posts: 183 |
08-26-09 10:19 PM
Hello my guru pupils...
today's lesson: never wrong with breakouts.
First show the obvious support and resistance on a few timeframes.
Then show an obvious channel in a stock, future, or something that is happening right now.
Then tell your suckers, err...students, that something will happen and the market will usually breakout and trend outside these levels, stop on the other side.
Now, when this doesn't happen... NO WORRIES...
Say the following:
Because of the lack of volume, this was a clear trap play. It was then also a stop-run move that we knew to fade.
guru.
Or, if volume is heavy, say..
"After volume was heavy and prices didn't continue upwards (point to high), it was obvious to sell back inside the channel with stop above the high."
now go sell some books!!!!
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TheBestGuruEver
Registered: May 2009
Posts: 183 |
08-26-09 10:49 PM
If I think of Guru-isms, I must post them...
If you read stuff like this, trust me, it's a red flag.
"No clear direction today, I can see a case for going long or short."
????
Sounds rational, but it's not. It's setting you up for some hindsight crap.
Or this...
"Because of the light volume, holiday, fundamental news, op ex, etc... I wouldn't trade heavy today or take the day off"
When you think about it, that comes to a significant amount of trading days.
What the guru is telling you is....
"Don't trade because I am wrong and need an excuse to keep selling you stuff. The less you trade, the less of a chance I can be wrong. Take the next year off, but still buy my DVD."
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MandelbrotSet
Registered: Dec 2007
Posts: 7246 |
08-26-09 11:15 PM
Quote from TheBestGuruEver:
Or, if volume is heavy, say..
"After volume was heavy and prices didn't continue upwards (point to high), it was obvious to sell back inside the channel with stop above the high."
now go sell some books!!!!
+1
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