Quote from: altcoinUK on January 22, 2016, 01:28:28 PM

Quote from: fredhead on January 22, 2016, 07:01:11 AM

From what I have read it seems many are strong supporters of MA and others think he is a crock and a crook. I'm kind of in the middle.

Wise man.

I am a big fan of Armstrong's analytical skills that puts economy events in historical context and drives conclusions from that. On the other hand I fully understand why the sceptics have less confidence in him. The nonsense about the super-duper database that worth $200 million (of course, why not 300) but which database have seen by nobody yet, his salesmen attitude and the that he states constantly how great he is understandably raise some red flags.

You are better off if you follow my investment advices LoL
I said at end of September, beginning of October that I am on long straddle with DJIA and SPX. Then I said here few weeks ago that I am shorting now and will close the positions at 15.5K. Now, if you would copy the exact same trades with no more than $ 100 per points then you would pocket $300,000 during the last 3 months by risking no more than $10,000. That's how fucking great sometimes the stock market is.

If you want to understand the stock and commodity market you need to read Armstrong, Caldaro, Avi Gilburt, etc plus all great analysts here like altcoinUK LoL and then do a fucking coin flip to decide if you short or long - because end of the day it is pure lack whether the market goes to your direction or not. Even if you get right the long trends, even if you are the greatest economists of the world, a sudden move from the Goldman Sachs "BOYZ" could fuck up your trade in a second. (Except when the free ECB and FED money flow to the market via QE, because in that case even my neighbour who never ever traded stock could make money on the market, because in that case your stop losses could be in a very big range).

Plan your trade and trade your plan and you cant go wrong.. Overall yes a black swan can wipe,you out but you have a sl and you put risk on sl not being respected to almost 0 unless you trade jpy or chf pairs in forex