All about other people’s opinion
Do you join trading forums? Do you read research reports from broking houses? or do you receive regular newsletters from self-claimed market gurus?
I guess this is no brainer. Most of traders do. I join forum. I read research reports and i read emails from market gurus.
How should you handle all these services? They are so fast, so much, and so dangerous.
Here is my way of using these.
First of all, it got to be FREE. I do not pay for any advisory service. Why should I? Please show me with proper documents that any great trader trades by using advice from some market gurus?(I really keen to know. If you know, please drop me a line). I doubt there is any.
Then why do I subscribe for these services?
For system development and for FUN. Interestingly, sometimes,you can find some new ideas for system development when reading newsletters. Twist market gurus words. Swallow it. Digest it with your understanding and then back test it. Well, most of times, you can throw away their words. Hey, but you just need one brilliant idea to built your robust system. Secondly, do you find that do something opposite to analyst’s words/views is profitable? *Oops* 
For fun? Yup. Sometimes, life is just so boring. Log on to trading forums to meet traders is fun. Most of the time, forum is filled with advertisers and amateurs. I always get some entertainment from their market views. Really, interesting and fun. ‘Stars are moving, turn date is near,…3rd wave is finishing…top is coming….xxx trader must be losing hell of a lot because he kept calling a sell in bullish market, i think he is a crap…etc’ Absolutely nonsense. Absolutely entertaining.
So when should you and I read these information?
Simple. Read them only after you have finished your trading preparation. Never let other’s view affects your trading preparation. And also if your girlfriend allows you to sit in front of computer a little bit longer. 
Have a profitable day,
Swin
