Stop the Madness – Stop Asking for Guru Opinions Whether Something is a Buy or Sell
Part of Art of Chart Reading
Many people likes the comfort of guru opinions, especially when that opinion agrees with their own. When the guru opinion, even if it is a great one, when reduced to a buy or sell, will loose most of its meaning and likely to be harmful to your trading decisions.
A Trading Decision is a Complex Decision
Unlike simple daily decisions like, do I eat a sandwich from Subway for lunch or do I pick a meal at the closest diner, trading decisions is way more complex. In fact, it is many times more complex than choosing among 2 to 3 choices.