Invent A Setup And Teach People How To Profit. Also Teach Them How To Fly While You Are At It

I would like to propose a small and quite fun test to you: to invent a setup. But not a real setup with good indicators and a solid foundation; instead try to come up with the worst and craziest setup that you can potentially imagine. Why would you do that you might be wondering and the answer is to prove that any setup that you can come up with, I’m pretty sure you will find stock charts to sustain it.

Try it, it won’t take much time and it will be quite enlightening. Try a setup with different scenarios and different criteria that are completely unrelated. For instance, a “good” setup would be to only buy on the 15th of each month if the previous three days had a varying RSI allied with a decreasing MACD. You do realize that I completely made that up right?

But that is the whole point! I bet with you that even that 2-second setup I shall be able to find stock charts that will sustain and prove my thesis. Then my next step would be to create a blog and start posting how good my setup is and many times it has occurred in the past years in several different markets. I might even add on the blog that, if you buy my awesome setup, I will also teach you how to fly! Exactly! You will be able to trade profitably and fly at the same time like Superman!

Sound absurd and ridiculous? Well, that is exactly what a lot of people are doing these days with all the stock market hype; the only difference is that they will not teach you how to fly. I am just trying to show you that you should not believe in any “web guru” that claims to have the next big thing. Anything you come up with, you should be able to provide evidence of it.