Why do conspiracy theories work

This article in WSJ is a good read on conspiracy theories:

We live in age of conspiracies, or rather, we are more aware of conspiracy theories than we used to be. Theories involving the hidden hand reproduce on the Internet and instantly jump borders. Giving the stories plausible heft are the exotic sites and TV stations now beaming everywhere, their studios, anchors and Web sites looking as professional and reliable as those of CNN, ABC News or the BBC. Channels such as Russia Today, Iran's Press TV and Al Jazeera pass on theories involving the supposed "real stories" behind world affairs to millions. Globalization not only assists with the spread of conspiracy theories, but because it causes such rapid change—in migration, jobs, security threats and the way we live—it leaves people desperate for clear, comforting answers. It is better to think that someone is in charge of everything than that the world is more often prey to accidents, madness and coincidence. That's why movies are full of dastardly but brilliant plotters, and hardly anything happens by chance.

My own take on Why do Conspiracy Theories Work

The temptation to believe in conspiracy is a trap traders and investors should avoid. Unfortunately 90% of the trading/investing blogosphere is active peddlers of conspiracy theories.

The sure shot way to ensure your trading blog is read by most people is to claim a conspiracy by govt to manipulate economic data, a conspiracy to keep the market up, a conspiracy to keep gold prices down, and if none of that works then use the mother of all conspiracies: Goldman Sachs controls the universe.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

1 comment:

Unknown said...: I caught your article as a fluke. I have never visited this website before and the topics aren't typically of interest to me. But I'd like to ask you a few questions out of personal curiosity if you don't mind. You can delete this comment if you choose. I'll not push it or cause trouble. I'm thirsty for an understanding of humankind is all..

Q's:

Can you prove conspiracies do not exist? Have there been no proven conspiracy theories of past? Can you assure us that there will be no harm to come to us as a result of not considering the possibilities of conspiracy theories? Do you feel conspiracies are not possible? If so, have you considered that the results of conspired propaganda and stigma is oftentimes manifested by denial? If you're a scripture reader by any chance, did Jesus lose his life at the hands of manipulative conspirators?; Dec 22, 2009, 4:18:00 PM

404

Recent Articles