How to be a followed "expert" in trading

Discussion in 'Trading' started by tradingjournals, Nov 16, 2010.

  1. Would it be correct to state that to be a followed expert in trading/investing, you need to talk about the past, and you absolutely need to be wrong, otherwise the majority of the people would not remember you. Being wrong is being a reflection of the crowd, and the crowd likes and remembers only itself and rejects outsiders.

    If it is true, I would think that a successful expert trader would never be popular/followed, because he would talk about the future which is against the past/current situation, and he would be forgotten because he was the first to bring the correct answer, and after him others will jump in to explain what he foresaw. Crowds remember only the last comment and the last guy, as long as he says what the market said.

    Please provide your view point, including vehemently rejecting my theory.

    Note that there are serious consequence to the above if you were to agree with it. Do you see what it is and why?

    Hint: the consequences have to do with trading, that is why this thread is in this forum.