In this week's Stansberry Investor Hour, Dan welcomes Greg Diamond back to the show. Greg is the editor of Ten Stock Trader, an advisory focused on trading using market analysis to find the best opportunities based on previous market patterns.

Greg kicks things off by sharing a glimpse of his new presentation. He says that according to 126 years of post-election data, we could soon see a big rally. The market doesn't like uncertainty, and with the midterm elections behind us, Greg says all the cumulative political uncertainty is gone. But he doesn't believe in listening to the "noise" on the TV. The headlines and political talk don't drive these rallies – price movement does...

I don't watch the news. I don't care what the pundits say on CNBC or Fox Business... I just don't pay attention to it. To me, it's all noise... That's just one of the reasons why I like being a contrarian trader. I like being a technical trader because I don't focus on that noise. I'll be up watching the midterms, and I'll just be focused on the market reaction and how the price moves. It doesn't matter to me what anybody's saying on television. What matters to me is how the market moves. That's the most important thing.

Next, Greg explains why it's nearly impossible to spot the exact top of a bull market and why you won't know where it is until it has long passed. There's anxiety surrounding the AI bull rally, but as long as there's liquidity in the market, it's wrong to assume that it's over. Greg then shares how his views on bitcoin have slightly changed in recent times. While he still doesn't fully believe that it's the inflation hedge it was claimed to be, he now sees it as an investment opportunity...

We have a fundamental backdrop that supports bitcoin and one of the best technical setups I've ever seen in my career. So when I combine [bitcoin positively reacting to negative headlines of the Federal Reserve losing control of interest rates and oil rallying], there's something that comes along four or five times a year that you just can't pass up. You can't not trade it. Bitcoin to me is one of those things right now.

Finally, Greg emphasizes the importance of evaluating your portfolio's risk-reward profile. Many investors don't do this and get emotional when they take a loss. But losing is a part of investing and teaches you how to win in the long term. And if you want to maximize your chances of making successful trades, Greg says it's important to "play good defense" and live to fight another day...

I always like to say this [Jack Schwager quote] to [my] subscribers... "Play good defense and you'll have a chance"... To go a little bit deeper... I like to ask what your number [is] where you're going to get uncomfortable [in a position]. I can't tell you what that number is... But you hit that number, play good defense. Get out. And if the market turns again, you can always get back in.

Click on the image below to watch the video interview with Greg right now. For the audio version, click "Listen" above.

(Additional past episodes are located here.)

The transcript is coming soon.

This Week's Guest

Greg Diamond is the editor of Ten Stock Trader – a trading service based on technical analysis. He monitors the global macro environment, including equities, currencies, commodities, futures, interest rates, and more. He publishes a weekly market outlook every Monday and posts daily updates, technical analysis supporting his strategies, and trade alerts through his live online feed.

With 20-plus years of trading and portfolio experience, Greg has traded for a multibillion-dollar hedge fund and a multibillion-dollar pension fund. He has managed multimillion-dollar portfolios across various asset classes and has spoken at business schools on trading and technical analysis. Greg is also a member of the Market Technicians Association and holds the Chartered Market Technician designation.