Quote from: blinder007 on June 28, 2019, 06:41:09 AM

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...

Great post!

It is always good to hear from professional and experienced traders to get their perspective, where from those followers of MA I have met, very few were professional traders. They were all very positive of MA with no objective thoughts. The one person at his WEC I spoke to who was a professional trader explained he didn't use MA's services or advice to trade, but was there for the socioeconomic insights.

Your comment only further confirms that Socrates just doesn't work. At worst it is a total fabrication.

The hysterics/fear mongering, I believe, is done purely to sell conference event tickets. It whips up panic and hysteria among his (primarily nearing retirement) audience, and in such an emotive state, logic/reasoning get thrown out the window and MA makes a cool $1m as another 400 attendees walk through the doors of his WEC.

Then like the reversals or alleged government intervention that "only extends the cycle", where if his prophesied day of Armageddon comes to pass, he can talk it away as a "correct" prediction if only those pesky politicians would stop moving the goal posts - MA explains the WEC is always timed to occur at major turning points or flashpoints of his ECM.

What is potentially nearer the truth is that nothing happens on those predicted "flashpoint" dates, they are just an excellent means of selling event tickets because of the psychology behind it. I will say it again: MA has mastered human psychology, not trading/economics. He excels as a salesman, not a trader.

Agree with your advice. Following Socrates for trading is no different than playing roulette with the S&P 500. In fact, the latter would probably be more successful. There are superior resources out there for trading ideas, or as you mention, robo/funds are an easy way to get some exposure to asset classes that could pay superior returns than just holding cash.

I await Jan 2020 as MA's next major call. If that turns into 2015.75 version 2.0 then I wonder if he might be flying close to the rule of law once again if any of his fervent readership keep buying at the wrong time; selling their houses at the wrong time; cashing in their pensions at the wrong time - and finally the penny drops for them at long last - and in comes the lawyers.