yes that's true, we have to be really careful not to give actual
advice on what to do with your positions since we are not
registered investment advisers, we could get sued. We are
allowed to give market information, trade ideas, etc but we can't
legally advise you on what do you; you have to make your own
decision
Posted by billrosen on 26th of Jun 2009 at 11:03 am
you could just say what you yourself is planning on doing and
not say this is what you suggest we all do, that way you
are not giving advice you are just stating what you are deciding to
do...that would help many.
Bill/Matt/Steve, I can't remember exactly when exactly this
occured, "Matt you mentioned you bought GDX the night before it
broke out in anticipation of that break out. When you covered GDX
you did not say to buy in advance of the move and said wait to see
if it can break out, etc." but there is a very simple way to solve
this: Matt/Steve should not announce after the fact - perhaps a day
later - that they made a trade and how great it worked. Either they
tell us EVERY TIME, IMMEDIATELY AFTER THEY ENTER OR EXIT A POSITION
what they did (also stops set up, if any), or NOT AT ALL. I think
telling people after you make a trade is legit and will not be
considered giving investment advice but that's not my call - if
they (Matt/Steve) are worried about this, they should not tell us
anything, but also refrain from telling us about a great trade
later - this may be considered "boasing" and just pisses people off
and invites criticism, and serves no purpose. They could, however,
present some instructional material saying "this is what we saw and
this is what we did and this is why we did it" so people can learn
from that - but this material should show both good and bad calls -
we should see that they make mistakes too.
I talked about the GDX chart for days before it broke out.
I had taken a shot (which was a gamble) and I bought a little after
hrs on Tuesday, it was a gamble. Next time I just wont say
anything, hows that.
However...regarding AEM, I bought it on Wednesday more ON THE
GAP UP because the ratio was broken, even though gold stocks gapped
up.
we present analysis and trade ideas, you guys just have to
define yourself and take a shot or not
Posted by asantana on 26th of Jun 2009 at 12:00 pm
Folks, quite seriously....Matt and Steve can't be held
responsible of telling you when to buy and not buy. As a
trader, you need to look at the set-up and if it fits your trading
plan, find the best way to enter/exit it.
IMHO, when someone posts a trade idea, thats what it is.
Take a look at what they are analyzing and take a moment to analyze
yourself. This is how we learn as traders. If you point
out when someone does not tell you when they took a position or
exited it, you are likely not going to get trade ideas.
yes that's true, we have
Thursday June 25th Market Recap FYI - Tonight's discuss is 30 ...
Posted by matt on 26th of Jun 2009 at 11:01 am
yes that's true, we have to be really careful not to give actual advice on what to do with your positions since we are not registered investment advisers, we could get sued. We are allowed to give market information, trade ideas, etc but we can't legally advise you on what do you; you have to make your own decision
you could just say what
Posted by billrosen on 26th of Jun 2009 at 11:03 am
you could just say what you yourself is planning on doing and not say this is what you suggest we all do, that way you are not giving advice you are just stating what you are deciding to do...that would help many.
Bill/Matt/Steve, I can't remember exactly
Posted by pdani on 26th of Jun 2009 at 11:26 am
Bill/Matt/Steve, I can't remember exactly when exactly this occured, "Matt you mentioned you bought GDX the night before it broke out in anticipation of that break out. When you covered GDX you did not say to buy in advance of the move and said wait to see if it can break out, etc." but there is a very simple way to solve this: Matt/Steve should not announce after the fact - perhaps a day later - that they made a trade and how great it worked. Either they tell us EVERY TIME, IMMEDIATELY AFTER THEY ENTER OR EXIT A POSITION what they did (also stops set up, if any), or NOT AT ALL. I think telling people after you make a trade is legit and will not be considered giving investment advice but that's not my call - if they (Matt/Steve) are worried about this, they should not tell us anything, but also refrain from telling us about a great trade later - this may be considered "boasing" and just pisses people off and invites criticism, and serves no purpose. They could, however, present some instructional material saying "this is what we saw and this is what we did and this is why we did it" so people can learn from that - but this material should show both good and bad calls - we should see that they make mistakes too.
I talked about the GDX
Posted by matt on 26th of Jun 2009 at 11:36 am
I talked about the GDX chart for days before it broke out. I had taken a shot (which was a gamble) and I bought a little after hrs on Tuesday, it was a gamble. Next time I just wont say anything, hows that.
However...regarding AEM, I bought it on Wednesday more ON THE GAP UP because the ratio was broken, even though gold stocks gapped up.
we present analysis and trade ideas, you guys just have to define yourself and take a shot or not
Folks, quite seriously....Matt and Steve
Posted by asantana on 26th of Jun 2009 at 12:00 pm
Folks, quite seriously....Matt and Steve can't be held responsible of telling you when to buy and not buy. As a trader, you need to look at the set-up and if it fits your trading plan, find the best way to enter/exit it.
IMHO, when someone posts a trade idea, thats what it is. Take a look at what they are analyzing and take a moment to analyze yourself. This is how we learn as traders. If you point out when someone does not tell you when they took a position or exited it, you are likely not going to get trade ideas.
Just my two cents!
i concur.
Posted by huylam on 26th of Jun 2009 at 12:12 pm
i concur.