A lot of retail traders / investors will attend seminar after seminar, like hokkien said 问神, hoping their so called experts can tell them the next market movement of 1 mths, 3 mths.....down the road.
Allow me to share with you guys from a 30 years full time professional trader remarked / quoted:-
- No one can predict price movement. You can't, I can't and nor the best analyst, trader and investor in the world. Beware of anyone who claims otherwise. When the person tell you the next market movement direction.... at time they are lucky to get it right.
- The person who can constantly correctly foresee how the market will develop or how particular stock will move has yet to be born.
- We have people out who nurtured on all those tales of good fortune like Warren Buffett and attempt to duplicate them but in the fact they are making tons of money thru' conducting irresponsible courses.
- Trainers, presentators....even history ignore the real fact on majority investors. That's the 90% who lose their money in the markets.
- Assume you are reading an article about a company with wonderful prospects. Numbers of analysts also like this company. Do you think you have the advantage? You and another half million people have heard about the company and read the same article?
- Remember, big money is not where information is clearly divulges to the public. If 90% of investors lose money then they are clearly doing something wrong.
- Always remember: there is someone who will profit and someone who will lose from every analyst recommendation.
- Every transaction, there is a buyer or seller who he/she is smarter than you. They know what these 90% are doing.
