Trading Tip #17: DO NOT LISTEN TO PUNDITS

If you’re like me, you might be getting pretty sick of all the “DO NOT” Trading Tips. But when it comes to Trading, what you DON’T DO, is more important than what you DO. One such “DO NOT” lesson that I’ve learn’t from my years of experience working as a Professional Trader on Wall Street, is that you never listen to any Pundit or Analyst, other than yourself. That category includes me as well, given the context of WSF being a Financial Blog.

The reason behind this is very simple:

All the opinions, analysis, and recommendations, are subjective. Hence, whenever I say BUY this or SELL that, it is based on what I think and see on the charts and the macro data. It’s all Opinions; which as we all know, are always FREE.

Conclusion:

Stay away from anyone who claims to be the second-coming of Christ. RUN !!!

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About Wall Street Fool

Wall Street Fool provides unbiased real-time market analysis and commentary for Stocks, Bonds, Futures, Forex, Fixed Income, and Derivatives markets.
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