Throughout your trading career, I’m sure you would have come across trading gurus.
Types of Trading Gurus you should be aware of:
Below are the category of these so-called ‘gurus’ I encounter regularly and hopefully you can detect them when you see one.
This group of trading gurus tends to post regularly.
However, all of the setups posted are after the fact.
This means the trade is already over and they show that it is a winner if you follow his trading strategy.
Anyone can do that by trading on hindsight.
I don’t see any value in doing this except to mislead the masses.
These group of trading gurus tends to post a number of trading setups.
However out of all the setups that are posted, probably only a handful will be winning trades.
The rest are all losers.
When the winning trades are achieved, they will go around posting their winners all over the internet.
Giving the audience the impression that they are very accurate and suffer no losses.
What happens to the losing trades?
Well, they hide it and keep mum about it. Just like a ninja hiding in the shadows!
Honest Ninja guru
This group of trading gurus is a little more intelligent compared to the earlier.
They behave similarly to the ninja guru except for the fact that they do post their losses.
Wow, finally something honest! But wait. They’re not stupid either.
Say for example they post 10 trades and only have 3 winners and 7 losers.
They will go around showing off their 3 winning trades but when it comes to the losing ones, probably only 1 out of the 7 will be mentioned.
Thus giving the impression that they are being honest and credible.
But they forgot we’re not stupid either.
I hope you can now better detect such gimmicks that are circulating in this industry and not fall into the trap of these trading gurus.
Feel free to leave your comments 🙂