One of the great problems that traders of any size and ilk face is the notion of being taken seriously by friends, family and the community at large. Telling people you are a trader often conjures up all sorts of negativity, this process is not helped by the nonsense things that they read.
This morning I went to my mailbox and collected a copy of your trading edge, which I somehow receive for free. Upon opening it I was greeted by the wonderfully professional and grown up headline – Horse Racing Using Hindu Astrology….WTF? The magazine has many other articles by individuals who are respected in the industry but people seeing the magazine don’t see that, they see this pseudoscientific nonsense dressed up as a strategy for horse racing. The remaining content of the magazine is irrelevant simply because of this one headline.
Is this the best that can be done?
I’ve actually stopped reading that magazine because of some of the rubbish they publish. Astrology? Wtf? Found many great blogs (yours included) which I now subscribe to. The net is a big place and there is lots of great info if you look.
Yes I used to read that stuff some years ago but realised it was mostly rubbish & so unsubscribed from it.
The entire financial news media’s MO seems to be: grasp anything within arms reach and retrofit to some price action, or apply to a prediction. It’s not dissimilar to the political media here fawning over and dissecting every gesture and word of one of our ‘representatives’. There’s plenty of reasons to withdraw from all this noise in life, not least of which is to trade without losing your mind. Some days though it’s good for a laugh. Thanks for the laughs. http://www.marketwatch.com/story/chinese-analyst-uses-tv-show-to-predict-stock-market-2015-05-12
I often wonder why normally reasonable people get drawn in by astrology and such. I listen to the TopTradersUnplugged podcast and there is a lengthy interview with Mahendra Sharma about Financial Astrology. He is taken seriously – at least seemingly. Or might it be a joke? I just can’t get it.