Replies to post #9047 on MDA - Market Direction Analysis (MDA)

[WinLoseOrDraw]

do you approve or disapprove of the practice?

i disapprove of people handing their money over to self-proclaimed gurus, especially ones without a verifiable track record. at the very least iHub should make such posters easily identifiable. i also don't understand why some of these people act like such jackasses. are potential subscribers supposed to be impressed by braying? mostly it just makes me nauseous.

but then, i'm on a mission to transform myself into a kindler, gentler person, so maybe it's just me, lol.

[Churak]

Maybe that's the problem. We don't know all the players. How about setting up a board that only lists all the pay services so we know the players.

[Namiar]

I do not get around much on IHUB and do not know these people you speak of other than Jerry Olsen. If you could point me to some threads where I can observe this dialog, then I will provide better input.

In general, if a guru wanted to get subscribers, he should be able to produce a track record. I would settle for a record of trades announced in advance and then posted on one of these threads. Furthermore, the trades must be posted in a manner that a subscriber could easily duplicate the trades. None of this "Just shorted the Q's at 34.77", whereas soon as you look, the Q's are at 34.50. I would like to see someome posting at 1530 EST that he plans to short the Q's at the close. Or in the evening announce that the next morning he is going long the SPX.

To summarize, the guru needs to have:

1) a verifiable track record. A message board will do
2) A subscriber wannabee would need to be able to easily duplicate the trades of the guru
3) Guru must exhibit professionalism at all times

[Mattu]

Though I've already chimed in, the one thing I really wish more people would do, not just paid gurus is post real-time trades.

I try the best I can. When I'm actively trading, I always do. In the heyday of my trading (lasted about 1 week), I did it and loved it. It's putting your online reputation on the line. That might explain why my thread died, though, and I had to create iHub...hmm...

I have MUCHO respect for anybody who posts their trades in real-time. Buys and sells.