How Can You Know If That Web Guru Is Lying? Unfortunately, There Is No Way

It is not hard to find stocks charts in any scenario or stock market to prove your setup right. If you came up with the most ridiculous and meticulous stock setup, you would probably be able to find one or two charts that would provide “enough” and irrefutable evidence that your setup do work! At least, is what it will look like to other people reading your blog or book.

I’ve seen it many times and I’ve also fell prey to this common negotiation trick. Believe me, it is not hard at all to find what it might look like irrefutable evidence to prove your setups or thesis right. But guess what happens when you try these setups live, in the stock market? You probably know that they won’t work near as good as what the author claims it.

The worst part is that if you try to deny and present facts to the author that his setup won’t work, he probably will find more obscure and hidden evidence proving that the setup is indeed the best one and you’ve probably made a mistake along the way. Or even worse, he might post the common answer that the setup is not infallible but it will show you a profit in the long run.

Although this can actually be true, unfortunately the World Wide Web made it far too easy to anyone to create a blog and start claiming that they are the next big thing. If I said “I make a 40% a.m. return by just trading in the stock market.” how could you know if I’m lying or not? There is no way you could prove it even if you suspect it. I’m just exaggerating to help you keep an eye on those who claim big gains and big setups; they might have something else underneath, like selling you a setup or classes, through soft selling.