Why trading tips does not work

the tape · #11 6th June 2008, 08:39 PM

Quote:

Originally Posted by columbus

(But some TV channels show in the night as BREAKING NEWS even if it took place in the morning.)

hi,

are you talking about aajtak and indiatv...........just kidding............

dhakkan · #12 6th June 2008, 11:04 PM

Is aajtak a news channel ??? .... I thought its entertainment/comedy TV...

nitinku5021a · #13 6th June 2008, 11:45 PM

Why dont we reverse the tip?? If the tip fails most of the times then the reversal shud have good hit

just a thought

nitin

buns404 · #14 7th June 2008, 05:04 PM

Here is wht i had read some time back:
Assume that there are three analysts Mr. X, Mr. Y and Mr. Z and all of them are right 70% of the time (exaggerated) i.e their probability of being right is 0.7.
If we randomly select any one analysts tip then the probability of the tip being right is
0.7 x 0.7 x 0.7 = 0.343 or 34.3% and which will reduce more if more analysts are added.
I think this should clarify the query.
Regards,
Mukesh Udasi

skarpio · #15 8th June 2008, 04:08 AM

Quote:

Originally Posted by buns404

[...]
Assume that there are three analysts Mr. X, Mr. Y and Mr. Z and all of them are right 70% of the time (exaggerated) [...]

Lets work this the other way round. Suppose CNBC starts off with 3 analysts, and each of them gives a set of calls. You pick the common one, call up your statistician friend who tells you there's only 34% chance that this will succeed. The cookie crumbles and you skip the call.

CNBC overhears your conversation and cuts down the number of analysts to 1. Now, you call up your friend once again, he tells you, there's a 70% chance for the call to succeed. Will you take the call?

'There are lies, damned lies and statistics." -- G B Shaw.

Intuitively, you'd take a call when there are more people supporting the same, assuming each has done an independent analysis (and assuming that you take calls from analysts). Statistics can be misleading.

Correct me if I am wrong.

knag · #16 9th June 2008, 11:32 AM

tv analysts are late latifs.
if the stocks go up they say "we expected this runup"
if it goes down then they say "The down fall was expected"
baboons!

nitmonluc · #17 9th June 2008, 04:18 PM

Trading Tips do not work because one can not make money without doing his/her analysis, its like this you want to swim but want some one else to work for you.

sudoku1 · #18 9th June 2008, 04:24 PM

tips r merely the tips of icebergs.....

hari09omkar · #19 9th June 2008, 06:42 PM

Quote:

Originally Posted by knag

We can discuss the reason why the trading tips does not work in this thread.

The reason is:
"Tips are for waiters" - Ratan Jain,the famous tipster-shooter.

oilman5 · #20 9th June 2008, 07:57 PM

tv analysts are late latifs...................
if they know trading,........they would try to earn,instead of wasting time.
btw they r jokers[entertainers] ......in this stockmarketing industry.........just enjoy circus show.