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Showing 7 of 7 results by fredhead
I am not slandering the guy. I am certainly not in any position to be doing that. I am simply putting my opinion out there for discussion and to see what comes back. I understand what he is referring to when it comes to time and price. In the example I gave it was simply Euro vs USD, nothing more complicated. Admittedly, his timing wasn't definite but it was pretty clear that he expected it to breakdown soon, certainly not years later, as he has now adjusted it to. TIME and PRICE. This what I am talking about. This is all about preserving your wealth and hopefully making some significant gains. I am openly questioning how much faith should be put into some of his blog predictions because that is all we have to go on at this point. I will remain in a somewhat skeptical, defensive position for now but open to change my view. You obviously have a different point of view when it comes to this. Fair enough.
Fred
Fred
Hi StOat
Sure I have considered that but when a clear prediction is made (even if it is for free on the blog) I expect that MA's intent is not to try to deceive readers. If that were the case then that would make him simply dishonest and I very much doubt that he is. One example would be what he wrote almost a year ago regarding the imminent demise of the Euro suggesting it would likely soon be heading into free fall. I believe he is right long term but shorter term he wasn't right. In fact, he recently blogged that the Euro was doomed in the future but that it wasn't ready to fall yet and then quoted the old saying, something along the lines of "rumors of my demise have been greatly exaggerated". In other words it ain't likely to happen very soon. I just want to see things as they really are and not as I hope they will be (MA predictions, not the Euros demise). So far I haven't seen a consistent enough track record from him regarding shorter term predictions and that is really what the Trader service, he will soon be offering, is mostly about. I really hope that the reservations I hold will be proven wrong. Again, proof is in the pudding and at this point the pudding doesn't taste quite right to me.
Fred
Sure I have considered that but when a clear prediction is made (even if it is for free on the blog) I expect that MA's intent is not to try to deceive readers. If that were the case then that would make him simply dishonest and I very much doubt that he is. One example would be what he wrote almost a year ago regarding the imminent demise of the Euro suggesting it would likely soon be heading into free fall. I believe he is right long term but shorter term he wasn't right. In fact, he recently blogged that the Euro was doomed in the future but that it wasn't ready to fall yet and then quoted the old saying, something along the lines of "rumors of my demise have been greatly exaggerated". In other words it ain't likely to happen very soon. I just want to see things as they really are and not as I hope they will be (MA predictions, not the Euros demise). So far I haven't seen a consistent enough track record from him regarding shorter term predictions and that is really what the Trader service, he will soon be offering, is mostly about. I really hope that the reservations I hold will be proven wrong. Again, proof is in the pudding and at this point the pudding doesn't taste quite right to me.
Fred
AltcoinUK:
Obviously not a charity, but he has stated many times that he was doing this strictly as a "service" to others and doesn't need money since he can play markets so easily and successfully. I was being a bit of a smart ass when I said that (philanthropic). What I was talking about was more to point out what I see as another inconsistency. He makes many short and short-medium term predictions and then often, somewhat subtly, makes significant revisions to those predictions. I think his long term views make a lot of sense and I believe that he probably is one of the best LT forecasters out there. I am going to purchase the trader service but I will probably hang back a little bit to see how things are working out before I risk too much of my money. If the service is able to live up to the hype then the price paid for it will be the bargain of the century. Proof is in the pudding.
Fred
Obviously not a charity, but he has stated many times that he was doing this strictly as a "service" to others and doesn't need money since he can play markets so easily and successfully. I was being a bit of a smart ass when I said that (philanthropic). What I was talking about was more to point out what I see as another inconsistency. He makes many short and short-medium term predictions and then often, somewhat subtly, makes significant revisions to those predictions. I think his long term views make a lot of sense and I believe that he probably is one of the best LT forecasters out there. I am going to purchase the trader service but I will probably hang back a little bit to see how things are working out before I risk too much of my money. If the service is able to live up to the hype then the price paid for it will be the bargain of the century. Proof is in the pudding.
Fred
Looks like MA has raised his trader account price from around $450/500 straight up to $750.
Not saying that it won't be well worth it (jury's out) but things are looking slightly more profit motivated and somewhat less philanthropic.
Fred
Not saying that it won't be well worth it (jury's out) but things are looking slightly more profit motivated and somewhat less philanthropic.
Fred
As previously stated by Vokain, a very relevant question is:
Quote "Looking back, was it better or worse to tie your time and money with Armstrong?" The answer for me personally is that financially it was worth the effort.
Looking forward I would add:
Does anybody here believe that we are not heading into a very serious economic situation sometime in the fairly near future?
Does anybody here not believe that huge economies such as Japan and particularly Europe are in very serious and more imminent trouble and are likely to crash before the US does?
Does anybody here not believe that, if the above statement is true, much of the big money fleeing Europe, Japan etc will end up moving into the US?
Does anybody here believe that it is not in their best interests to try to protect themselves by following where the big money is going and/or getting some of their investments off the grid etc?
The above questions, I believe, reflect some of the very basics of what MA is talking about. I am sure he is not the only one stating these things but he has been pretty consistent about it over quite a long period of time. His shorter term timing (at least as stated in his blog) isn't necessarily reliable enough to risk your hard earned money on. His main overall views, longer term trends etc, I would humbly suggest, are worth paying serious attention to though. Take what he offers and make the best use of it, is my approach.
Fred
Quote "Looking back, was it better or worse to tie your time and money with Armstrong?" The answer for me personally is that financially it was worth the effort.
Looking forward I would add:
Does anybody here believe that we are not heading into a very serious economic situation sometime in the fairly near future?
Does anybody here not believe that huge economies such as Japan and particularly Europe are in very serious and more imminent trouble and are likely to crash before the US does?
Does anybody here not believe that, if the above statement is true, much of the big money fleeing Europe, Japan etc will end up moving into the US?
Does anybody here believe that it is not in their best interests to try to protect themselves by following where the big money is going and/or getting some of their investments off the grid etc?
The above questions, I believe, reflect some of the very basics of what MA is talking about. I am sure he is not the only one stating these things but he has been pretty consistent about it over quite a long period of time. His shorter term timing (at least as stated in his blog) isn't necessarily reliable enough to risk your hard earned money on. His main overall views, longer term trends etc, I would humbly suggest, are worth paying serious attention to though. Take what he offers and make the best use of it, is my approach.
Fred
Quote:
"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."
Congratulations on a great trade. Can't argue with success, much better to try to learn from it. MA has said many times that the DJI is not yet ready to breakout above resistance(approx. 18500) and has strong support at about 15500. Looks like you played that perfectly.
Quote:
" 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)."
Not sure if I understood the above quote correctly but I would tend to not agree with the idea that the banksters at Goldman Sachs have the ability to change the direction of a major trend. They may be able to alter the timing a bit though. As for the powers that be at the ECB and FED, while they may have the tools available to change a major trend in motion, I don't believe politically they would be able to do so. Also, the whole concept of a change in the status quo would likely work directly against their own personal privilege and self interests. As mentioned on MA blog many times, unfortunately we must first hit the wall before there is a chance of any real positive long term change to occur.
Fred
"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."
Congratulations on a great trade. Can't argue with success, much better to try to learn from it. MA has said many times that the DJI is not yet ready to breakout above resistance(approx. 18500) and has strong support at about 15500. Looks like you played that perfectly.
Quote:
" 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)."
Not sure if I understood the above quote correctly but I would tend to not agree with the idea that the banksters at Goldman Sachs have the ability to change the direction of a major trend. They may be able to alter the timing a bit though. As for the powers that be at the ECB and FED, while they may have the tools available to change a major trend in motion, I don't believe politically they would be able to do so. Also, the whole concept of a change in the status quo would likely work directly against their own personal privilege and self interests. As mentioned on MA blog many times, unfortunately we must first hit the wall before there is a chance of any real positive long term change to occur.
Fred
Hello all:
New to the forum. Glad to be here. Read several of the pages on this thread. 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. Have been following his blog for a couple of years and even purchased a thing or two. I believe there is something very useful to his forecasting but I put the most credence in his big picture long term views and less in his timing. I've seen too many of his shorter term predictions fail to come to pass. Can't think of many instances in the last two years where he has been out right wrong, seems more like what he has forecast just maybe hasn't occurred yet (time will tell). He has stated that short term timing is way more difficult than getting the big picture right and I tend to believe him. Using just one of his big picture predictions has been very profitable for me over the last year and a half (rising US dollar) so this alone makes me a bit of a fan.
Fred
New to the forum. Glad to be here. Read several of the pages on this thread. 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. Have been following his blog for a couple of years and even purchased a thing or two. I believe there is something very useful to his forecasting but I put the most credence in his big picture long term views and less in his timing. I've seen too many of his shorter term predictions fail to come to pass. Can't think of many instances in the last two years where he has been out right wrong, seems more like what he has forecast just maybe hasn't occurred yet (time will tell). He has stated that short term timing is way more difficult than getting the big picture right and I tend to believe him. Using just one of his big picture predictions has been very profitable for me over the last year and a half (rising US dollar) so this alone makes me a bit of a fan.
Fred