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(Finished my work early today and started phone browsing. Won't have time to post from home tonight, so guess I will have to do with this work machine that is English only…Bear with me, will you?)
It is an arduous and thankless task to make stock recommendations at online forums. Even paid services make mistakes on a regular basis, no mention forum participants who are asking for nothing back, other than maybe a few "flowers" 'from "fans." In fact, I cannot think of a single ID across major Chinese stock forums in North America who has been 100% correct. (There was one Laoda who was about 90% accurate, but eventually he was pinned down for a single "bad" long-term stock pick, which suffered in the intermediate term but later turned out just fine, but I digress.)
To get back to the point, the more you share your opinions, the more mistakes (sometimes perceived mistakes) you will make. That is all well and good, but the mistakes risk being singled out and amplified by some people of "conscience" who feel obliged to "wipe your ass" (without making a judgement of who is right or wrong, I am simply quoting from recent posts here). That, you bet, is going to hurt the people who made the recommendations in the first place--feeling defeated, or rather unappreciated, they ask, "why am I wasting my time here?" Naturally, they go somewhere else, stop posting as much or stop posting all together. Now this is against the best interest of online forums, which is to share opinions and information.
So what can we do? Well, I think everybody can do something:
(1) For "newbies" (for lack of a better word) who are looking to benefit from others' opinions, be aware that opinions are just opinions and it does you little good in the long run to follow someone else blindly. Try learning to trade instead of hoping to get lucky.
(2) For posters who regularly share their own views of the market, you are valuable assets of online forums, period. So when you step into dog shit, shrug it off and move on. Pretty difficult to "shrug" off dog shit, you say? Yes, it is sticky and the smell follows you for a while, but at the end of the day, you make money while shit remains just shit.
(3) For forum readers who still believe in forums as a useful channel of information exchange, step up and be explicit when supporting the posters you have long benefited from. Let them know that they are indeed appreciated.
(4) For forum moderators, make early/fast intervention and be firm about it, especially when it comes to matters of principle.
(5) Finally, my personal mumble-grumble for oldpigwang: be constructive and considerate. Voice your different opinions early to help others avoid land mines, instead of bashing with ugly words afterwards. Maybe also be kind to other people's mistakes, especially on picks that were meant for a risk-aware audience (i.e., blogs for friends only).
PS: Well, this is fun, so NG_NM as collateral damage: stop molesting chinesebuffet, would you? Is that really your best way of "helping" and do you really feel good about it? Really? I just could not believe that chinesebuffet asked for it, as you have suggested many times, but what do I know… Maybe chinesebuffet proves me wrong and I have to be the one who apologizes to you...
Peace out. |
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