“I made the wrong move with shorts and got busted, lost two dimes…I don’t mind people knowing that at all when I make a wrong call…”
Marshall contacted me today.
He wanted me to pass along his comments about the article he wrote yesterday:
I made the wrong move with shorts and got busted, lost two dimes…I don’t mind people knowing that at all when I make a wrong call as I had my disclaimer. Will look for a top indicator before expiry to go short again cause I am certain they bought both sides of the contracts this morning.
Here’s the thing that I have found in my experience: People make the wrong calls all the time.
Sometimes it can have deadly consequences (think combat), and sometimes it can hit you in the wallet (think trading the markets), and other times, it just takes a hit to your pride (because nothing was at stake).
In Marshall’s case, it hit him in his wallet.
Now, I know that Marshall makes less bad calls than most traders out there, but by no means are his calls spot on all the time.
And remember, Marshall still has the biggest call of them all out there right now: The July 20th Or July 27th Global Economic Collapse.
So he’s not afraid to make a big call, especially when it’s his own prophecy from God.
Heck, I’ve been wrong about the timing of the coming gold & silver rally for weeks now.
But that’s the thing. You learn for your mistakes, and like my wife always says, “if it doesn’t kill you, it only makes you stronger”.
Everybody blows calls. Everybody makes mistakes. When it comes to everything in life.
When it comes to trading, there is no good trader around who at one point hasn’t blown up a trading account. Heck, I have. Yes, there was a time when ole Half Dollar was full of hubris and couldn’t have been more wrong about his calls.
But here’s the other thing about trading, or stacking, or heck, even life: It is important to separate what one can afford to lose from that which one can not afford to lose.
If you’re like me, you have your “savings account” in physical gold & silver. But if you know your alternator is going on your 2004 Jeep, then It makes sense just to keep that fiat in the bank instead of making a monthly purchase because for all we know the cartel could smash the metals down, and in the short run, we would be worse off and would have lost money when converting back.
It’s about keeping things in perspective: The big picture and the short term.
The big picture: Gold & silver are going up in price.
That doesn’t negate the fact that over the last several years, to use a stupid term the Fed uses, the “intermediate-term” or “medium-term” or whatever it is they say, gold & silver have been brutally beaten down to a bloody pulp, and to make matters worse, after everybody and their brother became bullish in mid-December, BAM! Short-term pain was the only item on the menu.
So it happens.
Sometimes you win, sometimes you lose, but just like the Beastie Boys said, “as long as I learn, I will make mistakes”.
The question, is whether one can man up and admit they were wrong?
Marshall just did.
And for that, he will grow stronger and live to trade another day – a little smarter, a little wiser and a better prepared and postioned than before.
As for my call on the rally?
I’m sticking to my call. We may have seen the start of it just yesterday.
However, I admit that I have been wrong for weeks on the timing, and for all we know, the next leg-up rally in gold and silver won’t start until next Monday, Petroyuan Day (supposedly).
One day I’ll be right and the rally will begin,but one thing is for certain: Gold & silver, sooner or later, are going higher. Much higher.
Their current prices are nowhere near their current values.
There is a big difference between price and value, and sooner or later, the entire world will learn that lesson, and some will learn the hard way while others reap the rewards of their knowledge and their efforts to stack.
And no, this is not financial advice.
This is common sense.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.