The Sad Truth Why Covestor Isn’t As Popular As It Should Be
Posted by Timothy Sykes on Sat 21st of Feb, 2009 02:25:34 PM
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People in this joke of an industry are total cowards!
Besides being the most soulless, greediest, weirdest people you’ll never want to meet, most are absolute frauds, liars and cheats. They’ll try to convince you that they’re worth listening to because of their Ivy League education, high profile previous jobs, connections, blah blah blah—they’ll come up with every excuse in the book not to show you any audited or verified performance #s.
Remember 90%+ of traders lose, yes, 9 out of 10…so those people posting message boards celebrating their latest victory, odds are heavily weighted that they’re lying.
Despite Covestor having a great little badge for bloggers’ to embed on their sites, very few actually use it…because if they did, you readers would see how badly they suck/underperform and you probly wouldn’t listen to a word they say.
If hedge fund managers had to allow their clients to see their verified trades day in day out, the vast majority would lose the vast majority of their clients.
The fact that I’m still #1 after holding this position for over a year out of 20,000 traders/investors, even though I only trade part-time and of course my dvd students/TIMalerts subscribers account for nearly 1/3 of the top 100, means this entire joke of an industry is absolute shit!
Do me and yourselves a favor and next time you see a stock blogger who doesn’t show his returns on Covestor, give him a big old smack on his miserable cowardly face.
Obviously, hedge fund managers aren’t allowed to show their returns—after all they’re soooo dangerous (does that mean balanced funds down 30%+ are now considered dangerous too? LOL Pathetic/Failing SEC regulations!)—so some stock bloggers have an excuse, but what’s even more sad is that there aren’t many others also calling for total transparency.
I feel like I’m taking crazy pills!
Anways, Covestor actually knew this before they began, they don’t care about the thousands upon thousands of typical failures, underperformers and mediocres, they only want a few superstars to build businesses around. Smart guys…
To those who blog/write/offer advice but are too cowardly to show results: Go post on Elitetrader and lie to your fellow liars, hope that helps you pathetic sons of bitches sleep at night. You guys should be garbagemen with the amount of trash all around you…you make me and every other honest person sick…you’re what is destroying America.
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Total: $98,094 (681%)
