The most important expert is you. Listen to your own ideas. If you followed or shadowed the best trader, most likely you would fail miserably. That's because you don't know why that trader is doing what he/she is doing, you don't have the same risk tolerance as that trader, etc.
The lesson I learned this a.m. is this: All the smart guys in the world, and by smart guys, I mean men and women, can have all the reasons in the world to be short or long, but they aren't your reasons. I was slightly clouded this a.m. and moronishly instead of taking to the sidelines or just holding my thoughts, I changed my thoughts. I posted earlier how I changed my disposition to slightly bearish due to the fact that the market failed to rally. Most likely, as I watch it rally now, bouncing off my ideal entry points, the market was shaking out those unconfident longs...the longs who were listening to everyone else. The longs who didn't really know for sure that they wanted to be long. I am missing out on this nice long rally b/c I listened to everyone other than Andy.
Good luck doing asI say, not as I do.
Andy
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