Hi
First some background to myself.
I am 60 years old and have been a trader/investor almost all my adult life.
- Trading currencies at a major European bank
- Prop Trader at the biggest US Bank
- registered Commodity Trading Advisor (CTA)
- Trader/Investor
I have received 1990 the last paycheck form a company that was not owned by me.
Since then I paid my bills from trading profits (including bringing 2 kids up and through university).
Over the years I came accross and looked into most systems, approaches to trading, Gurus etc. Mostly out of curiosity and because it gets sometimes lonely infront of the computer (since I hold positions - mostly futures - for the medium term - e.g. weeks and months).
For several years I have employed a team of software programmers including mathematiciens and astrophysicists etc.
We have looked at most of the possible approaches to trading in the markets even "playing" with real AI.
After having followed the writings of MA and then having subscribed to SOCRATES including several markets in the PRO Version I have to conclude the following:
It has some entertaining value in regard of showing what has happened in the past (History in Economics and Markets).
In everything else in regard to trading it will not help you - I would even say it will confuse you. Stay away - run away - save your time and money.
MA and SOCRATES is praying on the so called" HOLY GRAIL" seekers - people who think somewhere there is a that MAGIC Indicator, System, Approach or Guru - and if they only knew that secret - they would be successful in trading and strike it rich.
Sorry to disapoint tem: that magic bullet is not out there for sale.
But a lot of snake oil salesman are out there who claim they have this "secret" for you to buy.
At least some of them have a good understanding of markets and trading gut feel - so they do not too much damage to clients .
But MA and SOCRATES: one of the worst sites I came accross. He is a fearmonger. There is always some major crazy thing supposed to happen in politics or the markets and you need to buy his services to be able to survive that.
And do not forget. MA lost a huge fortune for clients and went to jail for that. He is prohibited to manage money, give advise ore wor in managing money - or he goes straight back to jail. I would even call him the Bernie Madoff of bullshitting investors.
He now predicts a bottom of the ECM in January 2020. And we had a high in September 2015. The forecast was for slowing economy and deflation etc etc. And we should be in a depression in Europe.
I can tell you, here in Europe in general buiness is booming, prices in everything (services, real-estate etc) are going up and we have almost full employment. Yes there are in certain industries some problems (Cars re. Dieselgate/switch to electro cars) and not every student who studies "greek art" finds a job in his field - but he finds a job in some field.
And now in regard to the coming turn next January:
- today his approach gives no clue what will happen. Will there be a high, low, or in what what market to expect it. So nothing for you to prepare.
But MA will come out next march and claim that this and/or that happened in January and how wunderful his model is. WTF
If you did not make a lot of money in the markets over the last 5 years then let go.
Take your funds and place them with some Robot advisor in your area that diversifies the funds in the different asset classes and does some rebalancing from time to time - will cost you around o.5 % pa. And enjoy live.