Likewise. A classic "the advisor who makes money regardless of what's happening" scheme. I subscribed to a couple of their portfolios for a while, endured the constant upsell, lost a bit of money, and gave them the heave-ho. Before moving to an independent money manager a few years ago, I put a bit of money into a couple of stocks that I thought would be good in a recession: McD, Nucor, etc. Logic on McD was that people would move "down-market" as the economy softened. SO put some into the major company her sister works for and that turned out fine. We did OK, but we're doing "OK-er" with the money manager (including a strategy of harvesting capital losses for tax purposes during the sharp market drop last year).
Let me tell you about US West -> Qwest -> CenturyLink -> whatever it's name is now and I don't care.
Never heard of it until today. From looking at it, VVOS appears to be one of those stocks that is propped up by the greater fool theory. A company that loses more than a dollar when it takes in a dollar of revenue is a speculation of the highest order. These stocks have their day and the people who get lucky with them will typically conclude from that that they are geniuses. Then comes the point when the fools stop showing up and the stock crashes.
Read A Random Walk down Wall Street. Stock movements are as close to random as matters to a small investor, and stock picking rarely outperforms tossing a coin.
On the yearly chart it is an inside candle. Quarterly is a 2 up but forming a gravestone doji (bearish). Monthly is the same and also forming a gravestone doji. Weekly chart looks even worse. For me I would need for it to break the previous months high if I'm looking to hold longer term. As of now that would be 10.86 but that is quite a ways away. Not saying you can't make money from where it is now up to $10 but you will be fighting an inside candle which usually causes chop. Just my opinion.
If you don't like it don't read it
. If you have noticed I have posted some watchlists that have done very well and hopefully some people made some money following them. But some still question that anyone can make money doing what I do so I post my results so people can see that it does work. If it is unwanted then I will quit posting here. With an attitude like the one you just showed maybe this site just isn't the place for me. Oh well. I'm on Twitter and Youtube daily trying to share my knowledge free of any charges. It took me a long time to get to this level in my trading career and if I can help others shorten that curve then I'm more than willing to pay it back and help others.
If you don't like it don't read it
Do you believe in astrology and healing crystals, too?
I appreciate the posts. It's nice to hear from someone with experience.
If you don't like it don't read it
In fact, there is a guy on here that PM'd me awhile back and I helped him out and last I heard from him he had been having the most success he ever has in his trading. But that's fine. Maybe it's time for me to leave this site if it isn't appreciated
Yes. That's a good one among many from serious and knowledgeable people. I also like "Winning the Loser's Game" by Charles Ellis. For beginners: "The Coffeehouse Investor; How to Build Wealth, Ignore Wall Street and Get on with Your Life" by Bill Schultheis.
Well the problem is that a few people might be led to believe this nonsense.
What nonsense?
While I don't think technical analysis is always an accurate method to initiate a trade or begin an investment from, it's certainly a viable strategy to draw assumptions of risk from and I certainly wouldn't call it nonsense. I'd wager a guess (which may or may not apply to you) that what many people call 'nonsense' are often times things which they either don't understand well, or simply refuse to believe due to their own preconceived bias. While his investment and/or trading strategy may not align with yours, let's not dismiss his contributions.
Passive investors will just ride it out. The only alternatives are to stay out of the market completely and permanently or to try market timing. Here is the wisdom on the latter: Taylor Larimore's market timing quotes https://www.bogleheads.org/wiki/Taylor_Larimore's_market_timing_quotes
Probably true. In my case I call it "nonsense" because that is the conclusion from decades of academic research. I think we were all told this in pilot training: "You'd better learn from the mistakes of others because you won't live long enough to make them all yourself." People have been trying to beat markets for centuries, maybe millennia, so there is a rich literature to learn from. The problems arise when we succumb to our human biases to consider ourselves to be exceptional and lucky. That is why 80% of drivers (probably pilots, too) evaluate their driving skills to be above average. Another problem arises that the random nature of the markets regularly creates winners, who then conclude that they are genius investors. Nassim Taleb's book "Fooled by Randomness" deals with this and is worthwhile reading for any serious investor.
That’s fair, I get it. I’m of the belief that every bit of knowledge I can gain about any one thing can become valuable, so it’s interesting to me to see what others, day traders in particular are seeing when they make their trades.
I can give you a related data point on that. A couple of years ago when I was developing my Adult-Ed investing class I spent a bunch of time with a TDAmeritrade branch manager. At that time TD's business focus was on day traders. After an hour or so we were pretty comfortable with each other, so I asked: "How did your day traders do in the market last year?" There was a long, embarrassed pause, then she said "One and a half percent." That would have been 2017, when the market indices were up between 20% and 40%.
