Recent content by kkob

Waste time thread.

Reading into news depends on what type of trader you are - daytrader, position/swing and/or investor. After some point you just learn to drown it out and focus on the charts. The only thing that matters is price!

Look at things in terms of percentages rather than dollars. Know your instrument and how much % in moves typically in a day to get a reality check. If typically it trades 2% a day, then why are you trying to get more, for example.

Not really new news. We been in stagflation for years. Prices continue to rise - especially commodities. Cost of beef, milk, orange juice, corn, etc all have gone up. A gallon of orange juice is $7 in California!

If you trade commodities futures, you get taxed at a lower rate. I think it is 60% at regular short term cap gains rate of 35% and the other 40% at long term cap gain rate of 23%. Overall you save 12% from Uncle Sam. You use Form 678 in that case. For stocks you use Schedule D and are taxed...