Crypto Camp's video: 3 TYPES OF GURU IN MARKET IN HINDI BEING TECHNICAL TRADER

Market Cycle Gurus For many decades, the Indian market has generally followed a four-year cycle. The broad stock market has normally spent 2.5 or 3 years going up and 1 or 1.5 years going down. A new market cycle guru emerges in almost every major stock cycle, once every 4 years. A guru’s fame tends to last for 2 to 3 years. The reigning period of each guru coincides with a major bull market in the United States. A market cycle guru forecasts rallies and declines. Each correct forecast increases his fame and prompts even more people to buy or sell when he issues his pronouncements. A market cycle guru has a pet theory about the market. That theory—cycles, volume, Elliott Wave, whatever—is usually developed several years prior to reaching stardom. At first, the market refuses to follow an aspiring guru’s pet theory. Then the market changes and for several years comes in gear with the guru’s calls. That is when the guru’s star rises high above the marketplace. Compare this to what happens to fashion models as public tastes change. One year, blondes are popular, another year, redheads. Suddenly, last year’s blonde star is no longer wanted for the front cover of a major magazine. Everybody wants a dark model, or a woman with a birthmark on her face. A model doesn’t change—public tastes do. Gurus always come from the fringes of market analysis. They are never establishment analysts. Institutional employees play it safe—afraid to stick their necks out and almost never achieve spectacular results. A market cycle guru is an outsider with a unique theory. A guru remains famous for as long as the market behaves according to his theory—usually for less than the duration of one 4-year market cycle. At some point, the market changes and starts marching to a different tune. A guru continues to use old methods that worked so well in the past and loses his following. When the guru’s forecasts stop working, public admiration turns to hatred. It’s impossible for a discredited market cycle guru to return to stardom. All market cycle gurus have several traits in common. They become active in the forecasting business several years prior to reaching stardom. Each has a unique theory, a few followers, and some credibility, conferred by sheer survival in the advisory business. The fact that each guru’s theory did not work for a number of years is ignored by his followers. When the theory becomes correct, the mass media take notice. When a theory stops working, mass adulation turns to hatred. When you recognize that a successful new guru is emerging, it may be profitable to jump on his bandwagon. It’s even more important to recognize when a guru has reached his peak. All gurus crash—and by definition, they crash from the height of their fame. When a guru becomes accepted by the mass media, it’s a good sign that he has reached his crest. The mainstream media is wary of outsiders. When several mass magazines devote space to a hot market guru, you know that his end is near. Mass psychology being what it is, new gurus will continue to emerge. Magic Method Gurus While cycle gurus are creatures of the stock market, “method gurus” are more prominent in the derivatives markets. A “method guru” erupts on the financial scene after discovering a new analytic or trading method. A magic method guru sells a new set of keys to market profits—speedlines, cycles, Market Profile, etc. It may have an edge in the beginning, but as soon as enough people become familiar with a new method and test it in the markets, courses are scrutinized by new generations of eager traders, and the legend of the dear-departed analyst’s prowess and personal wealth grows posthumously. The dead guru is no longer among us and cannot capitalize on his fame. Other promoters profit from his reputation and expired copyrights. One dear-departed guru is R. N. Elliott, but the best example of such a legend is W. D. Gann. Various opportunists sell “Gann courses” and “Gann software.” They claim that Gann was one of the best traders who ever lived, that he left a $50 million estate, and so on. I interviewed W. D. Gann’s son, an analyst for a Boston bank. He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. He could not afford a secretary and made his son work for him. When W. D. Gann died in the 1950s, his To open Free DematAccount : https://fyers.in/open-an-account/?id=AP0204 Facebook Page : https://www.facebook.com/LearnIndianS... Telegram Link : https://t.me/beingtechnicaltrader For any other query : +916260665352