Where's the Accountability?

One of my pet peeves is of for all the massive information the public is exposed to in a day of trading the market, virtually none of it is ever verified. I'm specifically talking about the Predictions the Wall St. crowd shares with us daily. And the internet crowd as well. The folks responsible for all that enlightenment, really just opinions and predictions, are never held accountable. I don't mean an audit. lol Just did it com eto pass? Did that particular stock go up as they predicted, or did it collaspe. I guess you can say anything on TV or the internet these days and the public never knows if it panned out! Why? Because no one ever goes back and says: Well, Mr. $10k Brooks Brothers suit, you said a month ago that Peloton (PTON) was going to the moon! You said based on your incredible research skills, that sales & earnings, etc. were going straight up! Problem is, it's DOWN 97% from the January high of 2021! Yikes!

Look, I know I'm old school, and that's not in style these days, and I realize this whole social media thing is about exchanging ideas and sharing information. But how much more credible would infomation from these folks be if every now and then they asked Mr. Wall St. about his prediction from last month, or last year? The funny part is trading & investing is not about right or wrong. It's about being right say 1/2 of the time, and not letting our ego's get in the way of cutting the losers.

Hey, I knew my mentor in real estate was credible. He built a fortune of over $100 Million in office warehouses & other investments. His guildane played a big part in how fast I accumulated my wealth in home building and real estate investments. A mentor in my opinion is pure gold. Mine was. Actually all three of my mentors were indispensable. More about that another time..

So, yesterday I posted: "The Stock Market is at a point where the Hedge Funds and Institutions may see some of the stocks or Indexes as a bargain. Meta, QQQ, Nvda & others. Just one man's opinion based on odds & probabilities that is based on technical Price Action. I don't pay any attention to quality research, in-depth research, or fundamentals." And how did my opinions fare today? NVDA +$110.66, META +$18.10, QQQ +$12.46.

Well, the part you don't know is that my students & I talked about both META & QQQ setting up for a move up, using odds & probabilities we feel are about 75% in our favor. Hey, you don't have to accept this type of trading based on math & waves on a chart, but you might be shocked how much the hedge fund industry trades on math and probabilities. I know, it's not in the books or YouTube videos, but does any thinking person expect these folks to share their method? Maybe Coca-Cola will share their recipe...

I'll share some case studies tomorrow (if I have time), based on these trades from yesterday so you can judge for yourself. But, buckle up, as using options for leverage can produce some returns that just don't seem possible. And remember, none of the books you have read on options will tell you this information. They don't understand the power of expiration dates (the shorter the better!). The books tell you the farther out you go the more safety net you have. FALSE. They tell you that you cannot have small losses (FALSE) so traders lose the entire option cash value instead of a small portion. The books don't tell the average move for the stock your trading (so how would you know when to exit?). Btw, Meta & QQQ performed right in the average move box today. A bit higher but that's just a bonus! The books don't tell you that you can lose 4 our of 5 trades and breakeven. Which equates to a 5:1 ratio. Ok, let Paul Tudor Jones tell you. He took $7 Billion out of the market using this information! I started studying his method & style over 40 years ago. Anyway, these are just the opinions of one man.