"If you are making money, there are many more who are losing money."
Yeah, but I don't believe our beloved moondude has actually been trading his calls - he's just been calling them. He can't really be any more deserving of hostility than the billions of other people out there who are likewise uninvolved.
It may be too much of a burden for the board, but, as someone who trades a lot more than he "calls," it would be more meaningful to me if the market stances voiced here came with trades, at least proxy trades - e.g., "short QQQ at 45.9, full position, stop at 46.51" rather than "the techs look like they might be topping here." Anyone with much trading experience knows how having the "correct" market view by no means guarantees a successful trade if precise timing, stop levels, targets, position sizes, and so on are mishandled.
For all the open hostility shown towards American Spirit, at least he tells us what he's doing (if not with total specificity). Though he and I have little in common as traders, I appreciate that aspect of his posts, and I reject the criticisms of those who accuse him of touting simply because he's open about his long side bias, states what he's doing, and defends his rationale if it's attacked. |
