Over 25 years, I never saw a trader / newsletter/ blogger that was able to produce long term alpha / provide comprehensive, empirical replicable evidence with charts. There were many in Hulbert financial digest ( audited newsletter performance rankings for 30+ years ) that failed to outperorm / eventually stopped publishing ...
James
Director, Quantitative research
XXX
Boulder, CO
Weren't those newsletters mainly by "financial analysts" and "money managers" involving
investments. ?
Also, didn't most of those financial analysts and money managers
not use charts or TA for investment purposes ?
In addition, didn't the guy publicly say in a TV interview that the digest "basically had no value" to an investor because most investors are
not able to buy and hold stocks for the long term ?
Really what I'm asking is what did that have to do with traders and charts considering it was not aimed at such. I use to monitor some of those audited newsletters...the only time some used charts was to show where price was at but they did not use charts for investment decisions nor trade decisions except for a small percentage in which the financial analyst was into chart analysis. Simply, many didn't use chart analysis for investment decisions.
That guy followed like 130 newsletters. I was a big reader of it and found a few good newsletters ranked high by Hulbert Financial Digest. The one I found and liked the most is called "The Buyback Letter". The newsletter has been around since 1997.
The above is just newsletters.
As for bloggers and traders...
impossible to follow them all as in thousands along with many in different languages (traders and bloggers in other countries). Seriously, head over to stocktwits and thousands are there spitting out "trading advice". Fortunately, a rumor, someone has developed an algorithm that scans the user names that use the specific buy and sell button regardless to the language.
Will be interesting to see such results and rankings.
(how many people can claim this?)