Replies to post #133596 on The Question and Answer Board (IHUB)

[Newly2b]

No, I personally would not find it helpful at all. I don't particularly care who mentions a stock, if I look at the chart and don't like it I don't trade it. If I look at the chart and do like it I trade it, period. The source is immaterial. That said, I do respect certain traders more than others. After knowing them for years one tends to weed out the good from the bad, but as I said the source really doesn't make the chart look any better or any worse, I just know who likes and finds the same chart setups I like to trade. I know lots of traders whose style is so dissimilar to mine that I would never trade the stocks they mention even knowing they make money on them, I also recognize that I would not.

What I'm trying to show you is that one man's meat is another man's poison, and one must learn to recognize the difference and that only comes through acquiring expertise. It doesn't matter who mentions the stock, or what their reasons are for liking it, what matters is whether that stock has a chart setup that you know you, personally, can make money trading. And you can never know that until you have discovered and developed your own trading style.

Newly

[learninfast]

You can actually track the trades and traders yourself. I did for six months. It helped me understand who the p/d folks were and who the paid promo folks were. It did not lead to a trading style however. That you have to figure out yourself. Lots of losses helped me understand the maxim: "have a plan, trade the plan." Doing much better now.