Just last week I began to actively comment on a very popular market blog: xTrends. While I don't believe my posts were ever offensive, they were perhaps a little critical of the permabear argument.
Today, I was banned from such site. I think it's a shame as many new traders do rely on others to learn the ropes, but I can see that the blog owners have now been inundanted with belligerant comments regarding their bear calls over the past two months.
I hope that users can judge for themselves the quality of a blog. Personally, I don't see xTrends as the creme de la creme out there (not recognising this move in March was an amateurish mistake), but they have had some good calls during the bear run (but so did my 5 year old nephew).
Most importantly, I would advise new traders that recognising one's mistakes is an essential step in trading (and much more): blaming others, the market, the government, "manipulators" and so on for getting stopped out is childish and borderline scary. And the owners of xTrends have been doing so since this rally began.
Tuesday, May 5, 2009
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