Search results

Right you are. :)

It may not cause you anyhardship but it's 600 bucks that you don't have. That's the point I was trying to make. It cost you something to change from bitcoin to fiat. I know it's only 60 basis points but that adds up to 1.2% per round trip. The point of the thread is whether you should be paid...

Like you said it's a trading site so people know that you have a different price for buying and selling an asset. They also know how BTC trades. If an exchance has the same price for buying and selling then there is a fee involved. To you a 1% fee is insignificant. Move from fiat to BTC several...

I don't buy and sell BTC. I trade the Canadian ETFs. I assume there is a difference between what you pay when you buy and what you get when you sell. That's the spread. When you get paid in dollars you get dollars. When you get paid in BTC you have to sell it to spend it. If you have an...

Not sure why you feel you have to name call John but where I live the exchanges charge 1% to buy and sell BTC.

With that trading skill why would you be working? I was thinking of people who use their paycheck to pay their living expences. If their salary is 60K per year (5k/month) and they want to be paid in BTC I'd bet they want to be paid 5k worth of BTC rather than 1/6 of a bitcoin. Their living...

Really?? You would be happy to be paid a salary of say 3 bitcoin a year not knowing what the dollar value of the coin will be at the end of the month when your bills come due in fiat?

You didn't menttion what you were trading. The first question is why? If you like scalping why switch to swing? You move time frames. I'm assuming you are trading off charts. If you are trading off DOM or T&S then I can't suggest anything. You might start as a scalp and hold the trades moving in...

Now there's an idea. I suppose posters are afraid someone will steal their edge that isn't working :)

I have the book, I don't remenber that quote but I have often said that the decision to hold a stock should be the same as the decision to buy a stock. Why would you hold a stock you wouldn't buy? Putting a family member at risk just adds more pressure.

Now there is a criteria I'll have to add to my list.

Isn't that an oxymoron :D

I could do that, but why? What's in it for me???

How long are you willing to hold it? They sell cars. What catalyst do you see that will make people buy more cars? I'd look at earnings growth rather than P/E.

ABG has the low PE and aprox the 20% CAGR It also has 30% drawdown every so often and dropped over 60% during the last meltdown. Protect your capital!!

She mentions at about 1:42 in the video that for most of the time she concentrates on one small screne on one of her monitors.

There has to be more than following set-ups. Where is the risk control, position size and exit strategy. If those set-ups have been used by traders for 100's of years, why is the failure rate so high.

The above describes me. Little to no leverage and happy with 10 to 20%. The reason I move in and out of the market rather than buy and hold is that I have to live off my returns. Drawdowns are a concern. If I need cash during a drawdown I would be forced to sell at a low if I was holding. As it...

Ah! I got it. And it's kind of what I do. How about you? Are you building wealth from trading?

When I said that you could trade a small account and eke out a living . You replied I said you could do both. You said that trading and building wealth weren't the same thing. And if you couldn't build a 1 mil nest egg in 10 years you were not being properly compensated. You also said that many...