“Imprecise financial sentiments do not engender added value to investor’s portfolios.”
Much of what we see in the marketplace, regarding financial publications and services, tout past performance. There is little value in taking heed from any service that makes claims solely based on how great their service HAS BEEN over a particular period of time. Many companies that engage in these services boast that they have a strategy that has doubled investments 12 times in the past week and then try to sell you a system that will do the same for you.
Yet there are no actual results presented in any credible or verifiable manner. Be skeptical of claims based on words like “hypothetical” or “back testing” particularly when there is a disclaimer that disavows any reliance on the accuracy of the information presented. The Futures Wizard vehemently advises you to steer clear of these products.
Anyone can devise a system, method, or similar moniker, with the benefit of hindsight, and tout their claims about what their new system will do based on these hypothetical results. When we state “hypothetical” we are referring to claims being made that were not observable or available for the public to see as they were being devised or implemented.
BELOW IS THE DAILY GOLD CHART FROM DECEMBER 5, 2019
Here is an example of what we at The Wizard call “Clown Trading.” You will recall that The Wizard was bearish in its sentiment of the Gold market and posted these predictions on the site as well as on Twitter. This projection is based on pure hypothetical strategy that does nothing but lose money… CONSISTENTLY! This is the actual prediction of a well known financial service/publisher. The nearly straight vertical line predicted in future gold prices alone should have investors running for cover. This premise, of course, is nonsense. It is also based on the absurdly boastful, and guaranteed to fail, premise that you can tell the market what to do! Following The Wizard on this market alone would have easily paid for the most sophisticated membership offered for 5-10 years.
Virtually every financial equity service in the world claims to have recommended Apple, Microsoft, or Netflix as their top picks. In The Futures Wizard’s opinion these statements can be very misleading, particularly when they are being made for the purpose of enticement.
In the first instance, they do not mention the other “picks” that were made which more than likely entail a voluminous litany of losers. For certain, the litany of losers could have, and most likely did, significantly affect the assets of investor’s portfolios.
More importantly, a recommendation to buy Microsoft 30 years ago does not reveal anything about ACTUAL INVESTOR PERFORMANCE or if a single client was advised to buy and hold that equity for the entire 30 year period.
Again, these types of statements veil the “hindsight” aspect of what is being claimed and we reassert that if the actual predictions and trade recommendations are not readily available for you to see be very skeptical of what is being claimed.
Finally, and most importantly, simply because at one time during one day or week in the past 30 years a company recommended a stock, that ultimately became a household name, reveals absolutely nothing about how long a potential investor actually held, if at all, that stock in their portfolio. Do you know how many investors bought Microsoft in the mid 1980’s and consistently held, and still own those same shares today? Aside from the company’s founders, the answer is practically, if not definitively, ZERO.
MOST IMPORTANTLY THEY DO NOT SHOW YOU
There is simply no other site that disseminates predictions that are verifiable in any tangible sense. By this we mean a service that posts ALL of the predictions they rendered, when they were made, exited, and the ultimate result of ALL of them.
Perhaps most telling is that no index has an overall annualized return exceeding 10% and in fact the real numbers are closer to about 6%. In traditional stock investing a 15% annualized return would place you in the pantheon of investors throughout history.
The greatest mass weapon of financial destruction ever invented is “day trading.” This is an inevitable and certain way to trade your account into oblivion. In the first instance, this premise is flawed because it is based on the assumption that the trader can tell the markets not only what to do but when to do it.
“THE MARKETS ARE BIGGER THAN YOU ARE AND ANY TRADING ENDEAVOR THAT RUNS CONTRARY TO THAT FACT WILL EITHER DROWN YOU OR LEAVE YOU STRANDED ON THE SHORE. AGAIN, THE MORE YOU TRADE THE MORE YOU LOSE.”
A TRADE ENTERED AND EXITED DURING THE SAME TRADING SESSION IS NOT NECESSARILY A
This may sound counter-intuitive. The Futures Wizard is not stating that there may be trades that are entered and exited during the same trading session. However, the markets always dictate. Day trading is another way of creating the illusion that you can tell the market what to do. You cannot! The very notion that this is possible vastly misapprehends the nature of the markets. The timing of both entry and exit strategies can only be determined through market forces.
A trade may take place during one trading session, however, a true day trade can only be labeled as such before the fact. The advent of the “day trading” concept has resulted in enormous donations to the market place and The Futures Wizard encourages all traders who do not follow his predictions to take heed of this flawed trading principal.
YOU SHOULD ALWAYS BE IN THE MARKET & “HOT” COMMODITIES
This market philosophy is also flawed for many of the same reasons as day trading. In fact, you should only be in the market when there exists viable and identifiable opportunities. Again, the markets alone dictate when it is advantageous to partake in them. This sentiment began with companies who needed more and more investors to support their interests. The stock market has thus always been biased with a “bullish” sentiment and the ensuing principal of “buy low… sell high.”
In fact, the smartest place to have ones capital is in the best opportunity that exists under prevailing market conditions. The notion that; “I can’t sell now because it’s too far down” is imprudent due to the fact that it assumes that the market must go back up. In fact, there may be many other opportunities that will increase the value of your capital long before the hope of a rebound occurs.
Be skeptical of sites that tell you to trade a lot or that offer trades every day, or nearly every day, and always avoid anything that sounds like the “pick of the day” that, of course, is also nonsense. Hot commodities will only do one thing… Burn you! Run for cover. The only hot commodity is the source that can consistently predict where the markets are headed.
THE INSANITY OF “ALGORITHMS” AND AUTO TRADING SYSTEMS
Both of these concepts present yet another highly effective weapon of financial destruction! In the first instance it takes human involvement (which is likely not devised by anyone who is a Wizard) to create any algorithm. Hence, they are necessarily subject to human error. When placed on auto pilot the inevitable progression of disaster begins. The lamp of Aladdin is not free nor does it exist in any algorithmic model.
Importantly, these models remove the very essence of what gives The Futures Wizard his title which is where the artistry and tapestry of successful trading emanates. IRONICALLY, ALGORITHMS ACCENTUATE THE ERRORS OF HUMAN BEHAVIOR—which is precisely the quintessence off what The Futures Wizard avoids. Furthermore, in harmony with the principals described above, the concept of placing trading success on autopilot is synonymous with telling the markets what to do. That is a proposition that even a Wizard would never entertain.
“TEAM OF EXPERTS”
There can only be a handful of wizards on the planet, let alone at one company. The odds are if you are dealing with a team of so called trading experts you will lose your money and subsequently donate it to those supposed experts.
THE MORE FINANCIAL DATA THE BETTER
A MALAISE of confusing data on a wide range of topics will result in confusion and analysis paralysis. TOO MUCH INFO IS THE ENEMY OF ANY WEALTH BUILDING STRATEGY. The key is to know what information is valuable and what is not. The Futures Wizard never misses the forest through the trees.
THE LOW DOWN ON PENNY STOCKS
Penny stocks will leave you penniless…period. Attempting to meander through an endless maze to discover the next world changing product or company is silliness and will not result in profits. That is a fool’s endeavor.
AN ONLINE TRADING COURSE WILL GUIDE YOU TO UNLIMITED WEALTH
These products offer a splendid way into financial trouble—trying to navigate the world’s most sophisticated markets through an online “course” is another great method of paying for your own financial funeral. While there may be good traders with credible motivation, in the end all these courses do is expand the novice base. While you may learn, you do not, and no claim can substantiate, that you will profit…PERIOD.
YOU CAN LEARN TO TRADE PART TIME
Part time trading in the world’s most sophisticated markets is yet another avenue to financial ruin. Costly, yet valuable lessons must be learned before you can become a seasoned trader, let alone a Wizard. Those lessons can only come from mistakes that are both financially and emotionally costly. It takes a full time effort on the part of those with extreme talent to reach the top of this field. Odds are the average trader will never get there. Part time efforts will yield full time financial problems.
A FORECAST IS NOT A PREDICTION!
Indeed, a forecast is not a prediction! This may sound illogical but it’s really true. A forecast is a general consensus or statement about what the source thinks may happen and why. In reality there is very little intrinsic value in that. The two concepts may sound similar but the difference is that a prediction is of actual and intrinsic value. It tells you precisely what to do about what will occur so that you may take actual advantage of what is known before it occurs.
Again, the difference is that one is generic and general and one has actual intrinsic value. Moreover, beware of paying for services that cover a lot of different products or markets and have an opinion on a broad spectrum of markets. For example, an opinion on each market they analyze or a broad range of markets i.e. “hold” “strong buy” etc. typically these broad and general sentiments are of little economic benefit and are not the types of services that you should be paying a premium for.
SERVICES THAT SIMULTANEOUSLY PROVIDE BOTH AN ENTRY AND AN EXIT PRICE
Avoid any service that recommends entering a trade at a particular price and simultaneously providing and exit price as well. Run for cover! This blatant and unfounded boldness also amounts to telling the market what to do. Remember the market always wins. You must win WITH THE MARKET! No successful strategy ever entails telling the market what to do. REMEMBER THE MARKET IS BIGGER THAN YOU. Working with the market in harmony with what it is communicating is what presents opportunity. It is also this assertiveness that creates a Wizard.
THE BOTTOM LINE
If the present state of investment advice and service is so successful, and the opinions provided are of value, then why are the statistics as gloomy as they are? Why are the empirical facts so depressing? Where is all of the actual financial success? The outlook is getting worse… and this further exacerbates the present gloomy investment landscape.
In fact, many of the most renowned stock analysts and managers have expressed a very poor outlook for the stock market over the next couple of years. For The Futures Wizard, whether this is true or not is irrelevant as he may make predictions in the stock market with financial instruments that take advantage of both leverage and the mechanical ability to generate profits regardless of which direction the market takes.
HINDSIGHT IS 20/20. THE FUTURES WIZARD’S FORESIGHT SHOULD APPROACH THAT. BE VERY LEERY OF ANY SERVICE THAT DOES NOT PROVIDE YOU WITH THE OPPORTUNITY TO OBSERVE THEIR ABILITY TO ADD VALUE FIRST HAND. REMEMBER, ANY SERVICE CAN TOUT WHAT HAS OCCURRED AND ONLY A WIZARD WILL CONSISTENTLY SHOW YOU WHAT WILL OCCUR.
Comprehensive analysis has unearthed no other company worldwide that consistently provides the service we do.
THE WIZARD STRONGLY ADVISES YOU TO AVOID ALL OF THESE TRAPS. JOIN A SERVICE THAT HAS A VESTED INTEREST IN YOUR SUCCESS AND HAS A TRACK RECORD THAT CANNOT BE REFUTED. ANYTHING LESS IS A SURE FIRE WAY TO MULTIPLE FINANCIAL DESTRUCTION.
Follow the Wizard The Wizard knows the Future(s), Currencies…and the Stock Markets.