I got an email from some idiot the other day telling me how stupid I was for being bullish stocks. Another perma bear trying to pick a top.
Of course I didn’t just get bullish like this moron was implying. I’ve been bullish for a long time. So while idiots like this have been getting killed over and over for 9 years, we’ve been making money the whole time.
As of today the SMT stock portfolio is up 17.4% since the challenge started on July 2. No one is even remotely close to those gains at this point and it’s because I’m smart enough not to be a bear during a bull market. Logical right?
The SMT metal portfolio is currently in 2nd place with a +10% gain.
These retards are going to manage to miss an entire secular bull market if they try hard enough.
And as we’ve seen countless times over the years. The vast majority of traders are way to weak minded and emotional to ever have any chance of succeeding with contrarian strategies.
So far we are making good money, even from the difficult metals market because we don’t behave or think the same way as the majority of traders who are destined for financial extinction. These people are unable to grasp the idea that markets change. So contrarian trades are impossible for them. Since gold didn’t bottom as quickly as they wanted, it meant gold would never bottom. So instead of continuing to try until they catch the bottom and reap the reward they just give up.
The world is full of losers that give up when things get hard.
The simple fact is that everyone gets knocked down from time to time. The winners are the people that refuse to stay down and get back up to try again.