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Luckily, Airhead Burnett does not set public policy. The vast majority of ignorant citizens who might be in favor of this tax do not trade, and therefore do not watch CNBC. Therefore, everything she is doing is useless, as the only audience that watches her is already dead-set against the tax...

Of course I would. It's better for me in the short term, I'd make more money from a more volatile market. As long as you don't keep wealth in the fiat currency and continue to convert it into things that actually have value on a regular basis it's not a problem. Of course our society would be in...

That would be just fine with me! A market going higher and higher implies more volatility as the price range for each day continues to increase. It's a lot easier to make money at S&P 1000 than S&P 300 as a day trader. I'll take inflation over deflation any day.

I think you're trying to short a market that is manipulated by the government to go UP. You are playing poker against the biggest player in the world, with the world's largest chip stack. I see nothing at the moment that tells me that the government won't turn on the spigots again and blast this...

1. This market is supported and manipulated by the government. 2. The government has a very vested interested in seeing it go UP, not DOWN. 3. The government has a lot of money, enough to make sure that under normal circumstances a decline of any serious magnitude will absolutely not...

The way I see it, we are going to need a big unexpected news event on a massive down day to break the back of this manipulated rally. When we see two days of consecutive heavy selling, I'll be more of a believer in the downside. Until then, low volume moves are way too easy to manipulate, and...

Market Profile is useful for determining areas of congestion vs. areas where price is likely to move rapidly... it doesn't necessarily tell you which way price is likely to break, only that once it breaks out of a congestion area, it is likely to move a good distance. VSA is something you can...

This market is 100% manipulated by the government, so forget about analyzing economic numbers because it doesn't matter in terms of market direction. Sooner or later the market will catch with reality, in the meantime just trade the chart and go long when the sentiment gets bearish because...

MarketDelta can be a very useful program, in that it shows you how much volume was traded at a given price, and can give you a good idea of turning points if you know how to use it. However, it's not for everybody, since it takes some getting used to. They have a free trial I think, so you...

And again, anyone with a brain in their head wouldn't actually trade with anywhere near that full amount of leverage. This is very basic risk management.

The absolute minimum reasonable stop loss on an e-mini trade should be anywhere from 4-6 ticks (many people make it bigger than this), which means that you're risking $50-75 (plus $5 commissions) on each trade for every contract you put on. If you're trading with $500 per contract (which is...

The bottom line is that trading 1 e-mini contract with even $1000 down is a pretty crazy amount of leverage, and more than enough for anybody. There is no point in trying to leverage yourself further, as you will just blow out your account. So what is the point of this whole discussion? Futures...

And that's really the point. If the tax had any actual merit at all, if it was an issue that could be debated seriously, we would be in trouble. But it's not. It's a looney-tunes leftist completely ignorant piece of tripe that has no value whatsoever and helps just about nobody. It's destructive...

Of course it seems like a no-brainer to them - but to be blunt, those people are a bunch of stupid idiots. They don't run the government, and you need a lot more support than a crazy communist whack-job like DeFazio and some idiot unions to make something like this pass. There are actually some...

The point is that they CAN'T - not without international help. They did it over the past century because the money was locked in, and investors had no other options but to keep trading US markets. When money has an option to leave a bad situation, it does. So what they were able to do in the...

All of the historical information contained in this article is completely irrelevant as it relates to today's situation, for one simple reason: globalization and the internet. Over the course of the 20th century, governments could impose whatever tax they wanted on the US financial markets...

"The tax’s proponents actually have a few decent arguments in its favor. Average investors in individual stocks would not really feel the impact from the tax — deep discount retail brokers like E-Trade and Scottrade would probably just eat the tax amount on most trades — and tax would...

You can get a demo account with NinjaTrader and Mirus futures, Amp futures, or a few other brokers. It costs nothing and you can try it out to see what market suits you best.

Couldn't agree more. My credo is: fight them vigorously, but don't spend too much time worrying about it yet.

There is not a snowball's chance in hell that Turner's proposal is going to pass any time soon. Right now every country is looking out for itself. Can you imagine the political fallout when people in America are told that their financial markets will be taxed so the money can be sent overseas...