Marc Faber Predictions-A good way to lose money
It is always enjoyable to watch Marc Faber. It is even more funny to think that he can predict so many markets. Listening to “Gurus” can be very expensive to ones net worth. Maybe he is right maybe he will not be. Marc Faber predicts the US dollar will rebound, however Marc Faber is not telling you at what point to buy, how much to buy and when to sell with a profit or a loss.
Trading in this fashion is a recipe for disaster. This is the reason one needs a trading plan that answers these questions.
Not just these above mentioned attributes but what to buy or sell.
Write this down and you will save yourself aggravation and money over time.
What point to buy, how much to buy and when to sell with a profit or a loss.This is for longs and vice versa for shorts.
Thinking in this matter is what trend followers do ( if they understand risk and have the ability to be patient & disciplined).
You can choose, Listen to Gurus or develop & follow a well thought out plan or allocate to someone who does.
Trading futures and options involves substantial risk of loss no matter who is managing your money and is not suitable for all investors. Past performance is not indicative of future results
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