Follow stock experts or formulas?
Super Gann Trader Academy, which conducts share market training in Mumbai, offers free trader awareness lessons. Nobel prize winning author Daniel Kahneman in his book “Thinking, Fast and Slow” Chapter 21 “Intuition vs. Formulas” warns us against relying on feelings and experts judgements. He has given several examples that simple formulas have outperformed predictions by experts. Simple formula based on average temperature, rain in harvest year and the total rainfall in previous winter, did better than Bordeaux wines experts to predict future prices…