Its all in the commercials that are pounded into the heads of every American day in and day out. Think about it:
Commercials last what, 30 seconds each? They show a short scene of people doing something awesome. That makes the viewer want to do that same awesome thing. What they leave out is...
Where there's a will there's a way. If a corporation hires the creme of the crop accountants, financial analysts and lawyers, they're going to get away with paying no taxes. Its a ROI thing. If the manpower costs less than the taxes then they're not going to pay taxes.
Money is not the only issue. Time is just as important if not more important than money.
Check out this simple calculation:
1.5 h commute 1-way.
3 h round trip
(5 days a week)x(3h/day) = 15 h/week
(52 weeks/year)x(15h/week) = 780 hours/year
There are 8760 hours in a year...
Auditing the fed is definitely a move in the right direction. It's a big hurdle but after tackling it we can move to other tasks like actually fixing the problems.
Real estate is a good long-term hedge. If you plan it right and you can afford it you can automate the maintenance and never have to worry about it for 15 or 20 years.
Us day traders don't have that kind of patience.
So this guy filed for bankrupcy and now he's impecable?
I guess he traded so much that he made all the mistakes that can be made. Now he's in God mode.
Now... where could he have found the cheat code?
Yeah, its all about protecting the 'sacred cows' as you say. There is so much money that Wall Street uses to fund government that I honestly don't think anything will change much. On the one hand I'll be able to keep doing what I'm doing. On the other hand the future is in big trouble.
Part of my newsletter from a couple of months ago. If you would like to get ,my daytrading updates for stock futures indices, e-mail me at ilan@cannoncapital.com
7 steps to succeeding in day-trading the minis (broker's perspective)
I sent this one a couple of months ago. I really think...
looking at the title of the thread: " newbie looking for broker"...
I think the added value around the services is far more important than the commish at this point of your new trading adventure...
realtime support, after hours access, cahrts, news, educational and easy to use software...
I sent this one on my clients newsletter a couple of days ago and thought to share it with you:
The last few days a few factors just kept jumping at me with different clients and prospects:
1. If you never day-traded (traded) futures before - even if you traded stocks - treat your first...
STEVET:
I agree to some extent, however these specific data I am not selling, merely bringing what I consider a GREAT tool to the knowledge of other traders:
www.technicalanalytics.com provides data to some of the floor traders (who do not have access to charts)...
they do make a living...
when it comes to S/R levels, I did not see any one better than Al Bicoff. Todays levels are posted below:
S&P M NASDAQ M
RESISTANCE RESISTANCE
1,056.00 1,249.00
1,052.50 1,230.00
1,047.00 1,209.00
******* 1,041.00 ******* 1,188.00...