Recent content by Gambitman

I am a farmer and that price seems reasonable. We actually grow seed alfalfa and the last two years have gotten around $2 a pound. The economics of grass seed and alfalfa seed are similar so If we are getting $2, $4.5 per pound retail seems right.

12% tells me it’s too risky. Didn’t realize they defaulted 10 times. Personally if I lent money to a friend 10 times and they never paid me back I probably wouldn’t lend the 11th.

Assuming not a FOMC day or something it is 30 minutes before stocks open until an hour and a half after the open. Next is last 1.5 hour. Next is first half hour-hour when Europe opens overnight. Rest tends to be choppy/directionless. Huge one direction trend days can violate this but I think you...

For a day trader I would say over trading is often linked to time of day. First and last 1.5 hrs of the session generally have the most movement and should be the best time to day trade. But people are often hesitant the first 1.5 hours and intimidated by the movement at this time. When things...

Wow here we are in 2023 and Lyft is worth half of its 2017 value.

This is a good point not just for trading systems but for our entire capitalist system. Good or bad we’ve had a 0 interest system for quite some time and entire industries were built on that. Everyone chasing relatively low returns, and asset bubbles in everything from skyscrapers to basketball...

I believe I read cc debt was 15% higher than last year. Another way of looking at it is almost no one paid their credit cards last year. That is not good.

I believe it was Charlie Wright who said in a trade station video 25 years ago something to the affect of “when it stops making money in the environment it should make money.” 2.5x drawdowns are table stakes.

Silver is a strange market. Even with this decline from the high 20’s to around $18 there has been very strong demand for physical silver. Large premiums not only on 1oz coins which is kind of normal but even 100 oz bars. Shortages are not unusual. Yet for the last year there are steady paper...

No that is the Canadian price.

Be thankful you don’t live in Saskatchewan, Canada. Our local Co-op 1.42 liter Mayo $14.49.

Read all of Lescors posts. Too bad he doesn’t post anymore.

Let it be discharged with bankruptcy and make the universities on the hook for the bankruptcies. While I am philosophically opposed to loan forgiveness, it is unconscionable to begin drowning a 17 year old in a lifetime of debt after lying to him for 17 years that the only way to happiness or...

I don’t see how you can daytrade ES with stops less than 40 ticks. You need a break of your premise/idea to know you are wrong. With 40-50 handle moves becoming common you need to widen out.

Came here to post this. Hard to sit tight and be right.