Stage One: The market is just a fucking online slot! When it's hot, you pull the handle! When it's not, you go to the bar and hit on the cocktail waitresses!
Stage Two: There is an underlying rational mathematical predictable order in the market captured by classical technical analysis.
Stage Three: Classical technical analysis is so overused by the crowd and passe that it is faded by the smart money, so fade the crowd.
Stage Four: The market is so complicated that I can't hope to understand it. I need to pay a nationally-recognized guru to teach me in his seminars with chatroom follow up.
Stage Five: The bigtime gurus are all frauds who just want my money. I need to follow an altruistic non-charging guru like Jack, who only wants to help me.
Stage Six: All gurus are frauds! I will be my own guru and backtest unconventional trading ideas!
Stage Seven: The market is just a fucking online slot! When it's hot, you pull the handle! When it's not, you go to the bar and hit on the cocktail waitresses!
Stage Two: There is an underlying rational mathematical predictable order in the market captured by classical technical analysis.
Stage Three: Classical technical analysis is so overused by the crowd and passe that it is faded by the smart money, so fade the crowd.
Stage Four: The market is so complicated that I can't hope to understand it. I need to pay a nationally-recognized guru to teach me in his seminars with chatroom follow up.
Stage Five: The bigtime gurus are all frauds who just want my money. I need to follow an altruistic non-charging guru like Jack, who only wants to help me.
Stage Six: All gurus are frauds! I will be my own guru and backtest unconventional trading ideas!
Stage Seven: The market is just a fucking online slot! When it's hot, you pull the handle! When it's not, you go to the bar and hit on the cocktail waitresses!
