global
Full Member
Cash: $ 13.85
Posts: 64
Joined: 26 Jan 2016
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| Are gurus helpful? |
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How valuable are these gurus on the Nasdaq website?
http://www.nasdaq.com/symbol/ni/guru-analysis
I've checked out a couple of stocks with them, but wonder how well their formulas really are.
Which guru do you think has the best advice?
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Fri Feb 19, 2016 5:28 am |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
but wonder how well their formulas really are.
Obviously, if someone ever finds that magic algorithm we'll ALL use it - and that knowledge will defeat it, the chosen stock will go to infinity as all other money is sucked out of the market and directed to it.
But the very definition of 'market' involves future pricing. And all events that will effect the future prices haven't happened yet. All of the 100's of books, theories, on ways to beat the market are based on history.
The Elliot Wave Theory has had spurts of popularity, the old-timer guests on CNBC still mention it. It's based on the Fibonacci Ratio/Series, the ratio converges on 1.618, and has the unique reciprocal of 0.618. The Elliot Wave is 5 Fibonacci legs up, followed by 3 Fib legs down (or some such numbers). One Fib Leg is a 1.618 or 0.618 move depending on whether you are in a Bull or a Bear market. And there are 100s of charting theories - gaps, break-outs, cup & saucer, head & shoulders, yada. But again, these patterns are based upon market history and dependent upon history repeating itself. And it doesn't.
I found it liberating to understand that the market cannot be timed - that freed me up to quit predicting and simply invest - and that's when I became wealthy.
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Fri Feb 19, 2016 2:20 pm |
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oldguy
Senior Member
Cash: $ 751.85
Posts: 3656
Joined: 21 May 2006
Location: arizona
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quote:
I'm now 22 and feel like I pissed away 3 and 1/2 years of my life. I dream big, but I lack motivation so I've held myself back.
Recently I've had this fear that I could one day wake up and be 35 and be in the same spot I'm in now.
Looking back on your posts, I spotted the above quote. And, yeah, that's how it will be at age 35. So - - do you have anything going? Obviously the 'get-rich-schemes' that you see online don't work, (it they did, why would anyone post them?)
You have analytical skills - eg, statistics. And I doubt that the std dev calculations that you did earlier came from 9th grade Algebra - so are you taking math/physics classes? Finance? After 3 1/2 years at Burger King and factory work, you now know your likes & dislikes.
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Fri Feb 19, 2016 5:52 pm |
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