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drsteph, Here's a reply from the guy who manages some of my $$ regarding the possibility of deflation: "Deflation will not occur as the Fed will print money to replace the dollars destroyed in credit defaults. Plus the weakening economy will cause foreigners to sell dollars, sending...

fbutera101, Where do you teach? Online?

The arguments I've been reading are: Deflation: A massive credit bubble has developed and is about to burst as evidenced by soaring rates of foreclosures and bankruptcies. People have taken on WAY more debt than they can handle and have agreed to terms that will make their debt loads even...

The Platinum fund looks really good, amazing track record and diversified among many currencies. Unfortunately, I read on their FAQ page that it doesn't take American investors. Too bad, I fly down there a lot and could have dropped in to get a feel for the place. Thanks anyway.

>>If you are bearish on the dollar and you are holding all you assets in cash ( I believe it's also in USD ) it does not make much sense either.<< I realize that. That's why I'm trying to figure out what to do with it. Thanks

Samson77, The combination of Tbills, Charity work and continuing my trading education is very close to what I've come up with as a solution to my current confusion. I'm also trying to lower my family's expectation of what an "acceptable" lifestyle is (pretty tough in Orange County). I...

Lots of good ideas y'all. Thanks a lot.

Thanks for the responses. I didn't mean to start this thread in "Career Trader" so I've moved it over to "Economics."

Hey all, I need some advice. I've just sold my house in Orange County and am wondering what to do with the cash. I have about $300,000 from the house and $200,000 in my 401k. Right now I have the entire $500,000 in the money market because I'm bearish on the mkt. I've also been reading a...

Hey all, I need some advice. I've just sold my house in Orange County and am wondering what to do with the cash. I have about $300,000 from the house and $200,000 in my 401k. Right now I have the entire $500,000 in the money market because I'm bearish on the mkt. I've also been reading a...

Exactly what I was looking for...thanks a lot.

I met a career trader once who set up an LLC to do his trading in. Under this arrangement, would you be able to name yourself as an employee of the corp and divert some of the trading profits into a 401K thereby reducing the taxable profit? Could you also name your spouse as an employee and...

Did you end up joining Optioneer? I just went to their seminar today in San Diego and want to know whether to proceed. Thanks

I read an earlier post of yours where you said you have been using Charles Drummond's methods for years. I'm thinking about taking their geometry course and would appreciate your thoughts about the course (if you know anything about it) and Drummond's methods in general. Do you still use...

Walter, so you think there IS validity to using geometry? How did you come across the method you use? How long have you been using it?

Theory of psychic energy? No, it has nothing to do with that. Most of the method is based on deviation from, and return to a moving average. They try to predict when these events will occur based on their perception of support and resistance. This is where the geometry comes in. They identify...

Simplistic would be the very LAST word in the dictionary I would use to describe this. You're right that the "PL dot" is just a 3 period moving average but there's extensive coverage of their theory of price movement in relation to it. Also, they get really deep into multiple time frame...

I was reading the Drummond Geometry website and there was an endorsement by none other than Mark Douglas. I sent an email to Mr. Douglas asking him about it and here is his reply: "If you're willing to make the commitment in time and energy, the Drummond method is definitely worth it." The...

Brandon, How many e-mini trades do you average in the room on a given day. I know every day is different, just give me an average? What size stops and targets do you typically use? What is your winning percentage over the last month? Thanks

Thanks a lot for the reply. Do you think this would work with a 3 or 5 minute chart? Do you think it would work with the ES or NQ? Thanks again.