A market Guru is only good when he is making the right calls, that is why they say, when a trader is making the right calls, join him.
But if a gurus making all the wrong calls, then, expect wrath from the followers. As per Elder saying, Gurus rise and fall.
As I mentioned before, better to trade your own way. Make your own research and test it if it works.
The other problem in which newbies are not aware, when a Guru send his followers a tip to buy, definitely, it can rise. Most of the time, not because of fundies coming in, but because of the tip, that is why it will rise without a volume and the next day, top 10 loser.
Newbies must not jump in to the tip but watch price action and volume.
A trend follower usually buys when the move is underway, we do not catch tops or bottoms. Just follow your rules and protect your capital.
Disclaimer: This is a legal notice. Please read it carefully in its entirety. It is your responsibility to understand this notice. If you do not understand it, please seek the assistance of a competent advisor.The content in Trend Follower is for educational purpose only. This is not a recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. My opinion is subject to change without notice. Trend Follower will not accept any responsibility or be liable for any investment decisions based on the information discussed here.
No comments:
Post a Comment