Why are “Top Financial Analysts” so bad at predicting the market? Financial analysts tend to make a few critical mistakes… They believe everything should be priced “fairly” Which leads to fighting the trend by selling assets that are “overbought” and buying assets that are “oversold” The truth is that many of the best trades happen due to “irrational exuberance” which defies the conventional valuations - such as NVDA, AVGO, TSLA, META, and NFLX for much of the last year Financial analysts also make the mistake of getting too attached to fundamentals and the news. When traders overanalyze the news, the often become too fear based to see the simple answers right in front of them… The market is breaking out to all time highs and is trending to the upside. That’s why we always trade with the trend and we wait for confirmation before trading reversals.
from TheRealTraderTrainer https://www.youtube.com/watch?v=FKrMA9yYWaU
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