August 29, 2022 | Trading Against Yourself

COMMENT: Thank you for your monthly subscription, interviews, and blog. I have a monthly subscription to Socrates. I did do investments and made more than enough to pay my yearly dues, albeit with some stomach ache. Weekly might have been better than monthly, but my investment amounts are not at the institutional level.
Socrates doesn’t follow all stocks, and the bulk of my stocks were in a company that was not covered (MRVL). Based on the private blogs I sold out vested RSUs ahead of the panic cycle predicted which saved me at least 10x the cost of my subscription, maybe 50x, I don’t even know how to calculate it. I am very glad a friend recommended your site in 2018, it has more than saved me money, your daily blogs and private blogs have saved my sanity.
Sincerely,
MB

REPLY: It is important to understand that you are really trading against yourself. Emotions often get the upper hand. What I try to do is provide an understanding that no market moves only higher or low. There is always a move interspersed with reactions.

Markets are like this famous drawing. some people will see the old lady and others will see the young girl where what is the mouth of the old lady is a necklace for the young girl. Hence, there will be some who look at the market and see a buying opportunity and others who scream SELL!

The importance of Socrates is that it is NOT a human opinion. We all can be right, but we can also be wrong. The object is to eliminate the emotions to be able to trade objectively. That is the real goal. As I have said before, when I was going to open an office in Geneva, I was told to keep the US name because everyone used our firm because the rise and fall of the dollar was just a trade – not political.

NEVER BET EVERYTHING ON ONE TRADE

Martin Armstrong August 29th, 2022

Posted In: Armstrong Economics

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