The art of prophecy and prophetic trades.
It is very easy to make a general prophecy without provide narrow timeframe. From my own experience, my track record of prediction for the broad markets, and specific stocks without providing specific narrow timeframe is very good. And with specific to Worlds, my accuracy rate is 100%. Looking at 12 months chart, I was right 100% when I predicted Worlds would drop to $0.2x, $0.3x and advance to $0.6x. However, when the predictions were made with a narrow time frame such as few days, couple weeks or months, then my accuracy rate is very awful.
So if you want to pat yourself on the back or make people believe that you are a genius, then don’t give narrow time frame. Or just simply make a prediction the using Monday morning quarterback method and hindsight 20/20 procedure.
(And to be sure that nobody will accuse of playing a Monday morning quarterback or cheating with hindsight 20/20, I am making a live prediction now: The DOW index, which is currently at about 34100, will drop below 34000. I’m 99% certain this will happen. And if you want to know when this will happen within a few days, or couple weeks/months time frame -- I’ll let you know later this year or could be much sooner.)
It is one thing to make a prediction, but it is totally another to act on it with REAL money. There are many factors that would make buying/selling at desired price points extremely difficult when real money is involved. Few examples, your holding (small, large quantity) AND other people holdings (you are NOT the only person in the buy/sell transactions), the liquidity of the underlining stock and the psychology/anticipation/speculation of pending news or binary events. As I mentioned previously, my overall track record in generally trend prediction is awesome, but then why I am not as rich as Buffet or be on Forbes’ top 100 list (an exaggeration for the purpose of discussion)?
So if you want to brag, to pat yourself on the back or make people believe that you are a genius and very successful in trading, it would be best to conduct your prophetic trades using Monopoly money.
