If every post is like every other post, it gets dreary.
I know, because I have read tons of stuff over the years
and if I start naming names, it will prove what I am
talking about.
One of the things I feel very strongly about is advising
people who read these kind of sites and blogs to think
carefully why they are reading them. It is alright to
read them to gain knowledge of facts. For instance,
I may not always have every fact in my head, and sometimes
something somewhere just jumps out and grabs my attention.
Happens about once in 2/3 days, and it is necessary to
read a lot for this alone.
What one should NEVER read trading sites for is to trade
the ideas therein. There is just so much rubbish out there
that you will not make a profit doing so. To highlight
this, I will periodically post samples of what one should
avoid ( or pay no heed to ). Also, one should carefully
rethink whether one wants to continue reading a site
or author who writes stuff like this.
You know why? Because he is getting paid to write this
stuff, while you will lose your shirt if you take him
seriously.
So here is sample #1 of
you dont want to read.
" Oil has had one record high after another. Still there
are signs that this run is coming to an end. China demand
fell sharply in April and the dollar is showing signs of
firming. The Dollar has been a major driver of oil and if
it firms oil will not be able to hang on to these gains.
Oil should correct. Sell June crude at 12700 stop 12750."
The above, my friends, is a hot potato. DROP IT!
Thanks for your viewership.
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