I certainly have no trouble with Bullcharts. It was more of a general comment. Almost everywhere you turn to in trading are the disclaimers.
What REALLY gets me is the statement along the lines "that you should consult a qualified financial consultant before purchasing this stock". This really annoys me - both for it's stupidity, and crass commercialism. I really doubt that any financial consultant that I ring up from the Yellow Pages is going to know any more than I do about trading - and whether or not I should buy a particular stock. Perhaps if I rang up Darryl Guppy or some other real trader - but a "financical advisor" - please!
I think it is just that the financial advisors have lobbied government to try to force people to use their services.
Personally, I think the very fact that we are trying to trade on our own - and to educate ourselves - speaks volumes for how little we all value the advice of financial advisors.
Mind you - I have never met one of these fine people - so for all I know they might be all right. I just think that it is silly to expect these people to also be traders.
The only time I could every conceive of blaming someone else in trading - is if your broker rang you up and advised you to buy a stock - and it was a loser. First of all - if you have a full service broker, then more fool you. If you then listen to that broker without doing your own analysis, then more fool you again. And to listen to a broker - and not a trader - well, silly old you.
I fully understand the World we are in - but enough is enough. For example - I am looking at signing up for a newsletter with a well known trader. Everyone who signs up for this newsletter is a trader (one would assume). Everyone who goes to this website are looking for advice to help them in their trading from a fellow trader who is proven to be successful. So why would this chap have to put disclaimers all over his site - and on every bit of newsletter he sends you - that this information "is not to be taken as advice to buy or sell a particualr stock". Or words to that effect. It is plainly ludicrous and almost self-defeating. Of course it is advice to sell or buy stock. And of course that is what all of hist customers want. It is what I want. It is what I pay for. Of course, that is not to say that I will take his advice blindly - I will still do my own analysis - and of course if trades go badly - I would not dream of blaming him or his advice.
I think that it might come to the point where us new traders will not be able to get advice from anyone. That is where the danger lies.
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