Recent content by plyka

You're conflating topics. There is a difference between "luck" and randomness. If this Taleb guy is claiming that trading is randomness, then he is wrong and or conflating topics as well. Randomness means there is no rhyme or reason to the outcome, luck is alltogether different. Suppose...

What you're saying makes little to no sense. The FED does not have the power to "amortize catastrophe." That's not possible. There are real losses in the system, the FED does not have the ability to make those losses disappear. They have the power to socialize those losses by buying the...

First of all, we need a sense of proportion. Interest rates are low, they are very low. In fact, they are historically low. And the reason they are so low is because the FED is doing all the buying. Even not counting all the buying the FED is doing, the money they create is slushing around...

I am so confused by these absolutely irrational thoughts, not only that this guy above is having, but that are pervasive throughout main stream thought. This idea that more money was made or that it was easier to make in some long ago past. Let me ask you ---do you understand that trading is...

Can't believe this thread has reached 8 pages!! Who in god's name cares?

I'm attempting to start a business which does this as well. So this is just from what ive learned, note that its a real possibility that all I say is crap. Up to 15 accounts you don't need any licenses or to get around any regulations. Above 15 accounts and under 25 million under management...

I agree with most of what you say, except the point about at first there would be little difference. Believe me, you would see the collapse immediately if the USA turned 100% socialist. It's not just about incentives, it's mainly about the allocation of resources. The most prosperous economy...

Your line of thinking, unfortunately, is the main problem with socialist or the far left in the USA as far as i can see. They seem to believe that the pie is fixed, that it's a zero sum game and for one to prosper the other has to be hurt. Believe me, resources don't become resources unless...

It seems to me that people get lost in the philisophical battle. Socialism just "sounds" good. Help out your brother and all that. Of course, when you get to the principles, capitalism trumps socialism in all respects, even when you're talking about socialism light which is Keynesian...

You people make zero sense. Governments are not all powerful. They cannot "stimulate" the economy, unless they stimulate it by cutting spending and regulations. They can't give everyone free healthcare, or free anything for that matter. They cannot do anything well. But the one single...

You would have to renounce your Usa citizenship in order to lefgally get away from Usa taxes.

If the market needs a "breather" after 1 day of upmove after the recent fall it has had, then the market is in real trouble.

Probably going to be up...just had a quick Q for all the TA guys out there, since i use price action, patterns, force, etc., for trading, and leave all the conventional TA for others. How do you figure that's a "triangle?" I mean, literally if you're going to classify that as a triangle then i...

WTF, you must have been in a really "special" casino. BlackJack dealers follow 2 simple moves: 1) Give you as many cards as you ask or until you bust 2) Take cards as long as he/she is under 17 or busts That's all they do. There is no such thing as theory or moves for a blackjack...