Maybe Massalai was right after all

I thought you hated day trading ?

 

Me??

That's how I was able to retire.

 

Day trading should be illegal . It does nothing for the good of the market but de stabalize it.

A mature investor invests for longer than a few hours and thats what the market was made for.

The market has become distorted and manipulated as is it own worst enemy.

Some commodities such as oil, copper, food should not be traded as they are too important to infrastructure and should not be played with by a 1 %

 

I have to (partiaslly) disagree, Frosty. The futures markets are a reasonable thing, but it would be a reasonable approach to install the obligation to take delivery. That would ensure that producers and consumers/retailers could hedge their market risk but it would as well kick the speculators out that are only in for a for a fast profit with no real world interest in the product.

 

I was mostly in currencies and futures,and without leverage no money would be made due to small movements and the transaction fees would go up multitudes.

By eliminating the profit factor,the small investor is squeezed out (who often is a short term trader) and trading would be relegated to only the wealthy and the bank.
And we know how much the banks care about anyone else.

Chrysler a few years ago made more money trading currencies than they did in building cars.

The rest of the volumes of trades are made up of -amongst other entities- pension funds and mutual funds on which millions of people depend.

Be careful what you wish for....

 

Further to this from a news article today

 

funny little piece that surfaced this morning...

" - - The ramifications of the MF Global collapse are intensifying around the world and investors are waking up to the reality that their assets are 100% at risk if held by another party. The entire electronic financial system is imploding as we speak and this includes savings, checking, CD's, 401k's, stock portfolios, bond portfolios...you name it. All of them are going up in smoke and if you are still "in the game" you are likely S.O.L. this late in the game. Even if you do get your money out before your bank or broker goes bankrupt the bankruptcy courts can exercise "claw-back provisions" to go after the $ you received 90 days prior.
- - Barrons just released an article that would have been banned from the mainstream media just a few month ago:
- - The Silver Rush at MF Global - http://finance.yahoo.com/news/the-silver-rush-at-mf-global-.html
- - "The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets--gold, silver, cash, options, futures and commodities--into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver--and hold "warehouse receipts" to prove it--they'll have to forfeit 28% of the value.""

Seems those who trusted the robber corporations in the global financial centres of the world will loose... For their faith in 'paper assets' and 'bankster corporations', I expect further losses and more victims will be found as other dominoes fall... - Precious metals that you take delivery and hold, have no counterparty risk... all else, I fear, is at heightened risk or disappearing.....

As for the vexing question of "What makes for terrorism?", I think USA's Gerald Celente puts it better than most, "When those who have little to loose, - get pushed till they loose everything, - they "loose-it"" - - - and what do you loose when things go wrong - I would bet, 'your temper' becomes violent .... Think on that...

http://www.abc.net.au/tv/bigideas/browse/speaker.htm?index=idx-big-ideas-speaker-tariq-ali&surname=a has two presentations in MP4 as a video or as an MP3 audio file can be watched online or downloaded and viewed / listened to at your convenience... Both should be appreciated by frosty and Leo, as well as quite a few others with open and enquiring minds... Mr Ali, born in India, Educated in England, is an academic, writer, traveller and well informed making for a bloody good listen...

 

Markets are Nuckin Futs as they appear to be totally manipulated and cannot be perceived as fair price finding mechanisms any-more... QE3 and other names for "money-printing" in the broader sense, will ensure most 'developed economies' fail and collapse sometime soon... 1, 2 or 3 - - - how many weeks or years - Your guess is as good as anyone else's? - - - - - More DEBT cannot be used/utilised to pay off outstanding levels of debt...

The levels of corruption, abject stupidity, blindness and such, will ensure money will become worthless, as no one will trust any of it as most governments / countries seem to be in the same race to keep their currency / exchange rate lower than all other countries, so their products remain competitive in the global market place... Everyone seems to be tail chasing and will eventually disappear up the posterior of the one behind who is also running as fast as possible backwards...

Stupidity of this nature is ONLY FOUND IN HUMANS... GET YOUR BOAT READY and GO CRUISING.....
11648

 

hmmmmm
I've been thinking of getting back into it. I could open up a virtual account till I have time to actually risk real money again. I'm off for the holidays so in a week or two I'm going to be back to work. I hope.

But I enjoyed day trading. Found it pretty easy actually. All I did was trade ETF's going long or short. Sat with my finger on the button and always followed my stops. I'm did really well recognizing the patterns. I did pretty well overall with say about a 75% success rate, I got on a few streaks of ten or more positive trades, except I only had three trades a week to play with. Next time I'll go in for more cash and see about more leverage and more trades.

Nothing quite like getting up early, sitting with a cup of Joe and rooting for that market to move the way you expect it to. Its a great way to start the day and unless I was riding the wave I was done by noonish

 

Hi Boston,
Just be careful as the "banksters" are wont to make their manipulation at difficult to predict moments and their electronic HIGH SPEED trading can destroy a position in a couple of milliseconds... (less than a tenth or 20th the time your sell order takes to reach the computers...

 

Some views from USA itself, same franchise as is found in PortPhillip Publishing, but they all seem to do some good research to support their contentions...
http://dailyreckoning.com/the-corruption-of-america/ and
http://dailyreckoning.com/let-the-depression-burn-itself-out/ but then again I detect the "All American Defense" of denial and condemnation of the messanger... My rebuttal is, The raw data from official sources do condemn your views... The banksters are pulling all economic centres into the abyss of fiscal destruction Europe is on the verge, USA not far off and with these interconnection with the China workshop, Australia will collapse as the supplier of iron ore, coal and such like...

Debt has created a fools paradise, Creating even more debt has done nothing to lessen the ever growing debt burden... Quite the reverse, GROWING GLOBAL DEBT at an alarming rate with all sorts of Bankster tricks, cooked up in a furnace of mirrors and smoke...

 

Evidence ?

 

This thread concerns pseudo-economics. Evidence is optional.
Has Mas predicted anything that has actually transpired yet?

 

Open your eyes and do some reading and research beyond what I have found,
Do you still need to be spoon fed everything? - - Not just what links I have found but others that you find...
Do you still persist in being looked after as in a "nanny state"? - - sheeesh......

Try this quote from USA - - - "For decades, we have papered over these problems with massive amounts of borrowing. But now, our debts total close to 400% of GDP, and America is the world’s largest borrower (after being the world’s largest creditor only 40 years ago)… And the holes in our society can no longer be hidden…"

 

But those blogs are so deathlessly dull. They all predict gloom, doom and the
total breakdown of the "world order" without ever giving an ETA.
It's so boring at this time of the year - I just want to see some real chaos
to break the monotony.