slopeofhope.com is underwhelming and overrated
Aa frequent reader of Tim Knight’s slopeofhope stock trading blog I have noticed a trend, which is that very little if any of Tim’s ramblings actually help his readers make money in the stock market. He has a unique methodology where using funny log charts, shade-ins and lines he describes what could happen, but not what will. This isn’t useful because obviously in the stock market anything could happen. The dow could go up 1000 points in a single day, although this is exceedingly unlikely. By avoiding making any specific predictions or recommendations Tim can avoid ever having to admit being wrong, yet he will take credit in the unlikely even he is ‘right’.
He will write, for example, ‘the chart shows that a break above the neckline is possible’. If it does break above the neckline he will congratulate himself, but if it doesn’t he will never speak of it again.
Also, his recommendations are too complicated and arcane. When I tell people to buy EWZ at $72 anyone with an online trading account can do this. But Tim’s vague, vacuous advice is far more difficult to act on, which is why his blog isn’t helpful at actually making moeny in the stock market. EWZ has surged nearly right percent since I recommended it on my blog, where as Tim’s confusing recommendations are all over the map.
Nevertheless, that doesn’t stop thousands of loyal readers from lauding over his every word. True, his blog is a trading blog versus an investing blog, but it doesn’t do anyone any good if you can’t make any actual money with his advice. Maybe in time his readers will realize how his blog isn’t very useful and consider alternatives such as iamned.com and others.