I have interacted with a huge number of traders in my 9 years in this industry. I have interacted with them in person, in forums, in chat, in their blogs, in twitter etc. A common trend among all these so-called experts is the fact that they never seem to make any losses. Zero..None..Nada...
They shout from the rooftops when they make 30-40 pips but when they make a loss or when they make an analysis which goes horribly wrong, you cannot find them anywhere...But why? What is wrong in making a loss? What is wrong in making a wrong analysis? Everyone makes mistakes. If these experts dont ever make a loss (as they seem to be), they should be among the richest in the world who wouldnt bother to waste their time on forums/blogs/twitter...
The simple fact that they spend a lot of time there shows that they do make losses/wrong analysis...So why dont they accept it?
In my entire trading career, i have seen only 1 truly great trader. He trades using his robot and make 80-100% a year. The only one who has made so much on a consistent basis for the past 5 years. And he simply doesnt bother to post on forums/blogs or twitter. He doesnt have the time nor the inclination. Thats how the truly good traders are. And believe me, there arent many around.
I made a mistake with my analysis on the GU bullishness. It may yet be very bullish but i really did not expect it to fall 100 pips. I accepted that i lost the trade and also the fact that i made a wrong analysis.
Its amazing how many 'experts' suddenly find new trendlines, channels etc after the event has happened. And they are excellent teachers using historical charts, not the current ones.
I just felt like posting all this to drill into some newbie's minds that they shouldnt believe everything that they hear or see.
Trade Safe!!
