MoneyTec Traders Community Forum - View Single Post - Always go with the herd. Is that a bad or good idea?

patrick_fx · 06-04-2006, 12:06

Hello everyone,

I once heard someone said that always go with the herd (or majority). Is that a good idea? Here is what I thought. When lots of people agree to do the same thing at the same time, they unknowingly move the market. Am I right?

So, I don’t know if there is a place where I can find the information about which direction people think the market is going to go. Below is the Bloomberg weekly poll I’ve found from other forum. It’s kind of a bit out of date (about 3 to 4 days old).

BUY SELL HOLD
Euro 31 16 5
Yen 27 18 7
British pound 24 21 6
Swiss franc 24 19 8
Australian dollar 28 18 5
Canadian dollar 25 15 11
Euro versus yen 25 20 7

If anyone knows of such a page, please let me know. I think I should stick with the herd. What do you think?

Please share your thought, thanks :-)
Patrick

06-04-2006, 12:06	#1
patrick_fx level 2 Join Date: Nov 2005 Posts: 88 Downloads: 0 Uploads: 0 Rep Power: 3	Always go with the herd. Is that a bad or good idea? Hello everyone, I once heard someone said that always go with the herd (or majority). Is that a good idea? Here is what I thought. When lots of people agree to do the same thing at the same time, they unknowingly move the market. Am I right? So, I don’t know if there is a place where I can find the information about which direction people think the market is going to go. Below is the Bloomberg weekly poll I’ve found from other forum. It’s kind of a bit out of date (about 3 to 4 days old). BUY SELL HOLD Euro 31 16 5 Yen 27 18 7 British pound 24 21 6 Swiss franc 24 19 8 Australian dollar 28 18 5 Canadian dollar 25 15 11 Euro versus yen 25 20 7 If anyone knows of such a page, please let me know. I think I should stick with the herd. What do you think? Please share your thought, thanks :-) Patrick