Originally Posted by
Baa_Baa
Some simple TA and active capital management has done a great deal better than acting on three years of conflicting views here.
Trouble is that frequent posters, be they advocates or detractors never post in real-time what they're actually doing on the market. So while it is helpful and interesting to hear various views, this place is no help for the hapless and often unhelpful synthesising all those messages into a coherent trading strategy.
At the end of the day it's all down to individual choice, and the chatter here is interesting and informative, but it is no substitute for ones own research and taking personal responsibility for their trading or investment decisions.
Tomorrow there could be world war three, or a global fiscal calamity and all the blow hard up themselves commentators on numerous share threads will be proven inept unless they sell, which if they do they won't disclose here for weeks or months later, because it takes time to formulate a contrary reason for buying or holding, then for selling when for months or years one has been an advocate pumping the stock.
Lots of reputation goes down the toilet quickly when the smelly stuff hits the fan and all the big mouths simultaneously stop talking, until they figure it out and come back with their bravery stories that saved them from certain fiscal death.
Or it could all romp on in benign economic circumstances and make the noisy few look like gurus, for the meantime.
The further away from the last painful experience that we get, the more emboldened and self assured we become, until one day when we least expect it we experience and have to re-learn the lessons that we thought we had learnt a long time ago.
Two-bit finance companies dressed up in banking drag will be not only the first to be slaughtered, they will also be the deepest cut.
Heartland is a great share right now, sort of like the pied piper with many happy followers. It is however also best owned by those who have the skills to move very very quickly when circumstances change, which they inevitably will regardless of the underlying FA.