You aren't going to find paid for advise that is always right!
James Dines portfolio was down 69% from peak to trough in '08-'09 but he came back huge with Rare Earth Element stocks. Charles Nenner is legendary for picking tops and bottoms with absurd accuracy but it doesn't mean he's not way off some times.
Good luck on your quest to make this a nanny state by skirting the inherent responsibility as an investor to evaluate the information given. Why not start suing companies that sell add-on indicators to NT if they didn't work out for you?
There are people who lost a hell of a lot more than 10% investing with deregulated financial institutions that traded against them...
The following user says Thank You to whatnext for this post:
This post is over due, but in the interest of maintaining the amicable environment Big Mike's fourm prides itself on, I apologize for coming off coldly to you STemplar. I get more worked up on forums than I do in person when strongly disagreeing.
John Thomas and I have brushed paths from another site we contributed to and have listened to his point of view for over two years. Although he has a huge ego and is a war monger - it is patently false that he doesn't have a verified track record or extensive financial experience outside of journalism.
The class action law firm who is very interested in suing him will soon discover that he had HUGE years in '09 and '10 - but I'm kicking his ass in '11. John had a big run up on his investments and took profits as he feels they were overbought and expects a big downturn after QE2 is scheduled to end in June.
Conversely, I feel that the markets will be continued to be propped up (they have been to the tune of 4 bil. a day by some accounts) - because of who really runs this country in my opinion and that a stronger dollar is not feasible given the lower growth + debt + deficit + unfunded liabilities we face. I think the Fed's MO is shaping the yield curve and creating negative real rates to keep private interest rates down.
That's not to say that these are times of certainty and I feel safer reacting to price action rather than predicting it. Just my .02 and I wish you better luck moving forward.
I'm completely against this.
It is very thin ice once you open a can of worms with internet regulation, it is not so hard to see how something like that could make a board such as this not possible.
I lost 15k of my brother in laws money when I started out..That is the way it goes. You gambled and lost.
Maybe he did you a favor that if you quit now you will only lose 10k and no more time.
The markets don't owe you anything.
