|
PureBytes Links
Trading Reference Links
|
Second that
Girish Patel
BrentinUtahsDixie wrote:
> Patrick and RT's,
>
> Like Gold and Silver in the seventies and real estate in the eighties the
> latest "hot item" to sell people is the investment advisory and
> newsletter service. All the hucksters are jumping on board. This is the
> great "confidence racket" of all confidence rackets, associated with the
> biggest game in town of all.
>
> To quote myself(and others), "Knowledge is a funny commodity. It is given
> away freely but it can also cost millions". I've vented my frustration with
> vendors before, myself. Frustration is the seed of our discontent. What to
> trust or believe about what from whom? We certainly wouldn't be too happy
> if no help, no resources, and no advice were available out there. The
> frustration for many traders I believe, stems from the "sell", I mean the
> way we are introduced to trading. We are told that it is soo... simple,
> just pick a trend, a bottom or a breakout and hop on. And it appears that
> simple. Unfortunately, even the careful among us find that we are making a
> little and losing a lot as we trade.
>
> Poorly quoting the bible, "we are all given different talents". I myself
> have often thought that I seem to be a better analyst then a trader. I know
> that with the right credentials there is work for good analysts, but at my
> point in life it's not appealing to go that route. I have, however; though
> of selling my "pearls" to those that could make use of them. Which wold
> make me one of those evil vendors. I've heard that vendors get frustrated
> by those that make poor use of their pearls and blame the vendor for
> their own poor performance.
>
> There seems to be no end to the "things" to base a trade on. If there is
> an answer to all of this, I believe it comes back to responsibility. It is
> your responsibility to dig until you know the value of the information you
> are getting. Don't blame a huckster for taking you if you haven't done your
> homework. Get over being gullible!
>
> Warm Regards,
>
> Brent
>
>
> ----------
>
> > Generally I try to stay out of discussions of this nature, as it oft
> > seems to be a chicken-and-egg question. I'll give it a shot one time.
> > Perhaps my reasoning has a flaw I would like to know about.
> >
> > Many people read books, buy newsletters, and attend seminars to
> > understand trading concepts. The presumption that these people would not
> > be selling information that was worthwhile ( because, as you say "if
> > your software or system or book is soooo good, why aren't you so wealthy
> > you don't give a
|