You know it is just funny. When you get yourself even just a little bit in the public eye, people want to rip you apart at every chance they get.
Below is an email I just got from a guy calling himself Mike Nickerson.
Well, "Mike" is correct, I did get the timing wrong with an oil rebound. Moreover, this is not the first, or last, time I will get something wrong.
But here is my problem with people like "Mike."
These kinds of people would rather engage in self immolation than ever admit that I was ever right about anything!
If you follow my work then you know that I recently nailed what The Federal Reserve would likely do with regard to raising interest rates and by how much. The truth is I have only been wrong just ONE time in all the years the Fed. has been saying they will hike-I nailed their exact action every single time but once.
I said publicly (documented on USAWatchdog) that the election of Donald Trump as President would be a game changer and stocks would rally higher.
I called the rally in tech which began mid-April and ran through early June and nailed it.
I said before anyone else, sometime around 2 years ago publicly that the yield curve would flatten out (just as it is doing now), moreover, I also believe it will invert in the not so distant future. (Be careful I may be wrong on my yield curve inversion call).
I have made many more correct calls like the ones I listed above over the years, and some bad ones as well, (I am human).
The bottom line is sure, I have been wrong more than once believe it or not. Moreover, I will be wrong again. However, my correct calls have way outnumbered my wrong calls over the years (and if you have been with me for any length of time you know this to be true).
No speculator can ever be correct all the time, it is impossible, but people like 'Mike" simply don't get it.
I hope you liked my little rant! Thanks for listening...
Much love! Gregory Mannarino @marketreport
Nobody knows the depths at which these bankers will manipulate the markets. Since 2008 I have heard it is all going to fall apart and yet it keeps going higher on unicorn farts. This baffles me but with 20 trillion dollars of loaned out money floating in the World Wide Web, markets have no tops. This will have to go to 30 trillion in the near future and who will pay it back. What war will break out to eleminate this debt. It's all virtual money and we just have to be plugged into the virtual reality to see the final results. My randomness on this upside down world.
Some people just want easy answers to their problems
Free advice should be taken with gratitude not attitude. You don't ask for fees for your opinions. But the people who follow you here and on YouTube and your website know that while 100% accuracy is impossible unless you are the IT guy working the server at the NYSE you are mostly right on point and ypur fundamentals for trading are solid. Haters fall back!
Thank you for this.
You're welcome. I enjoy watching your YouTube show and "liking it" daily and Upvoting you here on SteemIt. For a Silver Stacker like me it is difficult to navigate the world of finance. Best move I ever made was doubling up on First Solar and then....I lost it all in penny stocks hahaha. Oh to be 20 again.... The hardest part is swallowing the fear and being able to handle losing. You can't pick every winner. Just not in the odds. I am sure you would agree.
If you are going to give actionable investment advice, you should show your daily P&L and post your broker statements, so we can see exactly how profitable you are. Everyone has bad calls, it´s just the way it is. I know a guy who won 80% of his trades a few years ago. However, the 20% of trades he lost, he lost big time, which caused him to be down on the year. The person would take small profits but would let his losses get out of control. His RR was messed up. Greg, if you are a profitable trader, posting your broker statements would be a great marketing tool. You could say, I lose X amount of trades, but on the trades I do win, my gains totally out weight my losses, which is why I up for the year. Just a suggestion @marketreport
For the record, I only asked for "full disclosure" on the trades you post at your weblog. And since you are STILL showing the SLV trade as a straddle when you told me that you closed the put side of the trade out, you are not providing full disclosure of your trades.
https://www.traderschoice.net/money-page--stock-picks.html
It's very difficult for me to listen to one of your Utube whines in it's entirety. But as far as I got into the spews you posted since you initiated the trade, there was no mention that you closed out the put side of the trade. You can spew all you want about what the Fed is going to do, interest rates, oil, etc. But you will be measured by teh trades you post at your web blog. And anyone who has been tracking those trades by checking "actual" prices for those options at the time you enter and exit knows that your results are not good at all.
If anyone can get everything right 100% of the time then they must be from the future. :)
Greg, I been with you for a while and your Calls in this market are the best i have ever seen
Wow! Thank you for saying this. I am wrong often, but I do also get it right sometimes. Thank you.
I agree with you his trade seem to be generally very good. It might be better if Greg would publish his full trade result but no body pay for this service. So for me you have to use his advice for what it is.
I like Greg very much for his macro economic advice and many of his trade seem very good. I follow my own system which often agree with him. The GLD call yesterday was right and at the same time than my system. It seem I may loose on that call but it is still on for me and Greg provide a free advice
Some people need to stick to just watching mainstream media, maybe you need to add some ads for big pharma to keep everyone happy!
lol 2 points
Yes!
hi greg nobody is a perfect timer but identifying the trend is all important , bet u got more rights than wrongs. always enjoy u and greg hunter. ty stay safe
Greg, the guy is obviously shitting his pants because he went long oil after watching your video and took it on the chin, now he needs someone to blame, which is childish. Besides, you said there would be "an event" that would send oil higher and to watch for that event. So far, the event hasn't happened so if he was actually following what you were saying, he shouldn't have gone long in the fist place.
People need to stop blaming others for the consequences of their OWN actions.
It's sad to see how some people only want to criticize and make a big deal of our mistakes; most of the time, that kind of people failed doing anything positive for others. You might not be right all the time but at least you are doing a great job sharing your knowledge and with that, helping others understand how critical the time we are leaving is. Thank you very much for all the wonderful work you do; many people really appreciate it .
You're right, Greg. don't let the haters get you down. We all know how successful your picks have been and that you post them for anyone and everyone. Hang in there, bud!
People are Strange.. The Doors. Thanks buddy!
Precisely! Take care.
Greg gives advice for free and almost always gets it right. Does this "Mike" guy help others with the markets? Does he have the courage to show his face in videos and posts while predicting the trades of this rigged trading environment?
I don't think so.
We appreciate your advice and experience helping the rest of us jr traders out here. We dont expect you to be 100% correct in a market which is largely manipulated. On behalf of all of your loyal watchers out there Greg, Thank You!
GREGORY, I listen to you often. You are not my gauge to what happens next. No one can fulfill the role. But you understand things better than most I know and you share it freely. You also make note always of WHY you think the way you do. I find you honest, truthful, without an agenda and a pleasure to listen to. There will always be Mikes around but you have so many more Neds. So keep it up.
Greg you more right than most and when you get a little thing wrong it just goes to show hey Greg is a human being .
People are a mystery. Well, "those" people don't understand that everyone is human. Also, it's super fun to see emails like this. It's like seeing behind the wizard's curtain.
ah,but Greg,you've got your pride of lions backing you. Thanks for all you do.
I love my Lions!
ROOOOOOAAAAAAAAAR!!!!
check how many times a guest on CNBC is wrong... all the time!
See even they can be wrong! : )
Thanks Greg for haning in there tough.👍
cool and to the point
Follow+Resteem
Corrupt Wall Street and the crooked bankers should be jailed.
Some people live to act out troll fantasies. Water off a ducks back. Keep up the reports, I really like your perspective!!!
upvte / resteem
The fact that you make mistakes just means you are HUMAN
Your motive is what matters, and it's a motive of giving and trying to help others financially. (Which you do) That's what matters.
Timing might not be known, debt being created from nothing is known.
This affects everything: With Negative Interest Rates, The present is robbing the past of value, the future is robbing the present of value.
The Importance of Negative Interest Rates: Robbing Future Generations Is Past History- Debt Saturation
Being wrong means that there is more information left for you to uncover and can give you a better view for what is really going on in the market. Ain't no shame in being wrong in the market, as long as you are flexible and nimble enough to learn the lesson and adjust accordingly.
Mr. Mannarino you don't need to explain yourself to the one's who love ya' brother. Haters hate and Trolls troll just like the sun "will" shine tomorrow. Don't sweat it. I know you're not. It's laughable at best..........
True. Thank you!
He's a very small minority. The majority of us are with you Greg.
Thank you and I have your back!
Actually, on the day Greg posted both his GLD and SLV straddles I checked the volumes on the contracts for both sides of those trades. The good news is no, thankfully nobody here is following Greg into his trades. The volume on the put side of each was minimal. A total of only $150 of SLV Sept expiry put contracts were bot the same day Greg "says" he bought. The fact of the matter is that even Greg himself did not buy and I already proved it.
You do well Greg and I am in your corner. What matters is that we learn from both our mistakes and successes. Greg you are a mentor to others here. Keep up the great work. Roar!!!!!
Yes!! ROAR!!
keep on smiling Greg. some people just ike to "hear their own voices" and try to bring others down to where they are
True. Thanks.
Eggzackly Greg! If you were 2 wks off on something they will rip you apart. Meanwhile, you got 9 out of 10 right on the button. Some people act like you have to be psychic for pete sakes.
That guy 'Mike" just doesn't get it!
it funny how some people want a golden ticket to eat some free chocolate , when the secreat is getting out of the chocolate factory alive ! and ya do that with good commonsense !peace mike luv you work
Your the man Greg! The haters can keep hating.
Why are they like that?
My guess is they have never done anything important in their lives. Sad!
Go on you beast ! Never give up !
Mikey is a little slow... Greg, I always hear you say that you "don't know the exact timing on everything", and just be "ready to pounce!!!"
You are funny.
You have many more that support and understand you, don't loose any sleep over this one.
I'd pay a billion dollars for a crystal ball.
I was wondering... When do you plan to cash out your Steemit wallet? ^^
The more successful you become, the more haters you will develop overtime. Getting a 100% correction on any prediction is next to impossible. All you have to do is just watch your daily news on the weather report. I have seen many people get burned in my lifetime by so called "professional" who charges a ridiculous fees. But hell, you give your time, advice and energy for free. I just don't get it either. Continue the good fight, your advice will always be welcome here.
No one has a crystal ball. I do not know why this people follow you then. If i do not like someone, than why will i follow them and look what they are saying or doing. Trading is a probability game. You win and you lose, but you need to have more winners than losers.
Greg, keep doing what you do. I've been following you for some time now and enjoy your frankness, honesty, and market perspectives. I'm with you in the long game. Thx
Wow very nice articles i love to read
You never pretended that you were going to be right all the time. In fact I remember you admitting a few times that you were wrong. Don't worry about it Greg.
You are however right more often than not. :)
Thank you Gregory! Don't let those 'other' people get you down. They're not brave enough to stick their necks out in an effort to help the rest of us. You're very much appreciated.
Haters Gonna Hate. But More Times Than Not Your Predictions Ring True. Cheers @marketreport .
Hey bud don't worry about that guy or anyone for that matter. Let the facts speak for themselves. You have been right far more often than wrong and you have never lead me wrong all these years I was watching you on YouTube. Keep up the great work and I know your loyal fans will always tune into your Blogs and Vids. Thanks "Greg The Lion Mannarino"
Mike is acting like a second grader pointing out that his teacher made a mistake.
Childish.
I watch your stuff quite religiously and have learnt from it, thankyou.
It wouldn't have hurt to point out that you got the oil call wrong, I saw the logic in what you were saying and I made a bad call on oil too, I honestly agreed that the potential for OPEC and the FED to boost it as they have done time and time again was there, still is. But currently I'm bearish on oil and just going to stay out of that trade because too many unknowns.
I am curious whether oil going lower or higher is better for gold. I guess higher is good for gold and mining costs go up and gold supply decreases, however a detractor from this is that higher would also mean stocks become more attractive than gold and oil is an indicator of economic growth so perhaps the two factors would negate each other. On the other hand gold miner stocks should go up if oil gets cheaper as it's 25% of their operation cost and all gold needs to do is trend sideways or even slightly lower. Thoughts?
Hey. Greg - my husband, Bear, and I have been following your work for a few years, and find it to be of high caliber. In fact, we are happy to follow you here on Steemit, from YouTube. I am sorry you had to take the time to respond, and adroitly, to "Mike", but glad you had a chance to rant (-: Unfortunately, some people feel they have to cut off other people's heads in order to feel taller, themselves...
Following you for 6 plus years. You have always been right. I noticed your content is copied globally. You should be flattered. Yes the flattening yield curve!
Mike is just mad he dropped everything he was doing to get an oil change and fill has gas tank up before the price of oil shot up, when he could have been wasting his time like normal trolling people who have forgotten more than he'll ever know... Keep up the good work!