Dennis Gartman... GREAT Lesson In Trading

[Frederick Foresight]

Lol, i was seriously asking the question. If his marlet calls have not been particularly accurate, no better than those of an average Joe, i would simply put the same amount of belief in one of his calls that i do in a call by the average Joe.

On the plus side, Joe Average will give you his worthless calls for free.

 

[eves_banished_children]

Reminds me of statisticians covering Clinton's campaign. So much group think, so taboo to question that she wouldn't win by a huge margin, that nobody had it right when the votes were counted. At a market top every long is a genius, whether they're operating on sound information or because their cat wags its tail when an Amazon commercial comes on television.

No matter what I might think is going to happen in any market, I wouldn't pay any attention to anyone who wasn't at least a little bit skeptical.

To everything there is a season, and a time to every purpose under heaven ... including a time for clueless morons to look like geniuses.

But then, ultimately, who cares .. traders observe reality in the short term, and "knowing what's going to happen" is ruin.

 

[Saltynuts]

On the plus side, Joe Average will give you his worthless calls for free.

hahaha. sometimes. unless he is a mentor. then you gotta pay for his worthless advice!

 

[Troy Bombardia]

Actually, I think Gartman is wrong on more than 50% of his trades.

 

[eves_banished_children]

If you have a tight stop on 99 losses and let 1 winner run forever ... ?

 

[Jack1960]

All elite traders subscribe to Gartman. If you do not subscrube, you are nobody!

 

[volpri]

If you have a tight stop on 99 losses and let 1 winner run forever ... ?

Dream on.

 

[SunTrader]

I would hope most traders, real traders, know to use stops.

I would also hope most public traders would use discretion when discussing their trades ... when they get on a losing streak. Ego won't let Gartman it seems. I'm referring to his TV appearances BTW, not his newsletter.

 

[Scataphagos]

Lol, i was seriously asking the question. If his marlet calls have not been particularly accurate, no better than those of an average Joe, i would simply put the same amount of belief in one of his calls that i do in a call by the average Joe.

Nothing wrong with that.

 

[Scataphagos]

If you have a tight stop on 99 losses and let 1 winner run forever ... ?

If you get "99 losses", you're not doing it right.

And as for "let 1 winner ride forever".... unlikely. The market will do PLENTY to make you spit the bit and turn a possible HUGE winner into a small one.