tactical trader

I was staggered to learn this week that the slogan ‘Pure Dead Brilliant’ has been painted on the terminals of Prestwick Airport in Glasgow at a cost of £3m. This piece of news in The Times further went on to describe how the Councillors in Derby have spent huge sums of money devising (along with expensive consultants) the slogan ‘Derby Does It”. I am not sure what Derby does but it is beside the point, the article moves on to state how this obsession with public image benefits no one but the new “ruling class of braggarts and bluffers” who are expert at playing the system but “useless at getting the job done”.

What parallels there are here with our own activities as traders and investors. The same class of braggarts and bluffers has populated the world of trading, education and advice for more years than I care to remember. The difference is that they are now getting far better at disguising the real story, the fact that they are ripping you off and you do not need them. One such supplier springs to mind immediately, this individual claims to be a world class trader who brings extensive direct trading experience to the business of teaching others. He claims to have developed countless money making strategies all of which are available to you at a price.

This is a lie. The information is out there and readily available that proves this is a lie. This person had not traded a day in his life before starting this massive money making scheme. Now he does not need to bother thanks to the hundreds of hapless investors who have been suckered in to buying the services on offer. This person’s career prior to their sudden emergence in the investment community was lacklustre and uninspiring but, rather like Prestwick Airport and Derby, he has had a make over and people are falling for the hype. Do not be one of them.