Don't Be a Cowboy With Your Money
Stansberry Investor Hour
Stansberry Research
4.4 • 677 Ratings
🗓️ 16 May 2022
⏱️ 60 minutes
🧾️ Download transcript
Summary
While this year has presented a difficult trading environment for everyone so far, Greg's Ten Stock Trader advisory has been making a killing. Its win rate stems from Greg's expertise in technical analysis – a strategy that relies on studying past market and human behavior to predict what's next. With nearly two decades of experience trading and managing multibillion-dollar portfolios across every asset class, Greg is well-versed in guiding his subscribers to profits... while also knowing when to sit back and be patient.
But it's not just about technical analysis... Greg also underlines the importance of understanding the fundamentals of market behavior, inspired by his recent readings on legendary investor and trader Stanley Druckenmiller...
At the end of the day, follow the Fed. What's the Fed doing? Are they opening the spigot and releasing cash into the market? Or are they not?
So, what's Greg's secret to surviving – and thriving – in this rocky market while everyone else gets "whipsawed"?
Greg says it all boils down to making sure you have two crucial items in your trading toolkit, both of which have led his readers to consistently make money, regardless of what the market is doing. And he explains why he believes the popular notion of checking your emotions at the door before investing or trading is actually a misconception.
Transcript
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| 0:00.0 | Hello and welcome to the Stansberry Investor Hour. I'm your host, Dan Ferris. I'm also the editor of Extreme Value published by Stansberry Research. |
| 0:16.0 | Today we'll talk with my friend and Stansberry colleague, master trader Greg Diamond. |
| 0:23.4 | He's got some thoughts you will not want to miss on where the market is going next. |
| 0:28.5 | In the mailbag today, crypto tattoos, Elon Musk, and more. |
| 0:34.9 | And remember, you can call our listener feedback line 800 381-2357. Tell us what's on your mind and hear your voice on the show. |
| 0:44.2 | For my opening rant this week, why I sold Bitcoin and also why I think there's a pretty good rally coming up. |
| 0:52.1 | That and more right now on the Stansberry |
| 0:55.8 | Investor Hour. |
| 1:03.0 | So why I sold Bitcoin, I sold Bitcoin in the current issue of extreme value, which came out |
| 1:09.3 | on Friday. I'm pretty sure most readers have had time to look at it. |
| 1:13.9 | I sold late, late Friday night, and it didn't affect the market because Bitcoin went up after I sold. |
| 1:21.0 | So I think I sold in the 29,000 area, and it was 30 pretty quick after that. |
| 1:26.4 | So why did I do it though? |
| 1:29.3 | Why did I recommend my reader sell? |
| 1:31.3 | Well, I did it just, you know, maybe 10 hours or so. |
| 1:36.3 | I was up pretty late after publication because our trading policy, which requires us normally to wait, I think, like 72 hours or something. |
| 1:48.0 | It did not come into play with Bitcoin. It doesn't affect Bitcoin. |
| 1:52.4 | So that's why I sold right away. I thought, you know, I really have no reason to wait. |
| 1:56.0 | I told the readers to do it. They've had several hours to look at it, et cetera. |
| 1:59.5 | I obviously didn't move the market. |
| 2:01.0 | So if you're an extreme value reader, okay, full disclosure. But let's get to the reasoning on why I did it. |
| 2:09.2 | Initially, when I recommended Bitcoin in early 2020, I actually gave most of the reasons that you're familiar with. I don't think that I |
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