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  1. countryBoy641

    Is Trading a Team Sport?

    team trading? Have several trading losses in a row, then see what kind of trading team you have. Learn to trade If trade does t work close it out. If you can't do that, you shouldn't be trading ( with real .moneg).
  2. countryBoy641

    Is Trading a Team Sport?

    p
  3. countryBoy641

    Religions condemning charging interest for money have no clue of maths :-)

    Government regulators got their toehold about 180 years ago. Railroads were new. The benefits were huge. But so were the problems. Many lines only had one set of tracks, but had traffic going both directions. The head-on crashes were horrific. Problem was, everybody was using the same single...
  4. countryBoy641

    Religions condemning charging interest for money have no clue of maths :-)

    The topic is generally referred as the "Age of Majority". It has varied widely in our country/culture. Marriage at age 16 was common in the 19th century, Amish still follow that practice. During WWII, many young men had emotional maturity way beyond their biological age. During the Vietnam...
  5. countryBoy641

    Religions condemning charging interest for money have no clue of maths :-)

    Fine. Used to be 21 before this wholesale insanity started. And some people want it lowered to 16. But the point of being "emotionally mature" at some age (or never) is still valid.
  6. countryBoy641

    Religions condemning charging interest for money have no clue of maths :-)

    Ugh, I never LEND money to relatives. If somebody needs money for a good reason, I just give it to them (mindful of IRS 709 regs)
  7. countryBoy641

    Religions condemning charging interest for money have no clue of maths :-)

    The U.S. currently has $34.5 Trillion in direct debt, which is higher than 120% debt to GDP ratio. As with all sovereigns who have slid into such a derelict situation, the U.S. has two choices: 1) default on the debt 2) actively embark on a monetary program to devalue the fiat, pay the debt...
  8. countryBoy641

    Religions condemning charging interest for money have no clue of maths :-)

    No, spoken like an adult. Do you have a problem with somebody acting like an adult?
  9. countryBoy641

    Possible "Price TA inflection point"...

    I would be concerned with the long dated charts here, many looking like they need to barf. Looking at the treasury market is this a possible Head and Shoulders bottom? If yes, we are in for a category 6 hurricane.
  10. countryBoy641

    Religions condemning charging interest for money have no clue of maths :-)

    Interest (what bonds do) is is merely the cost of renting money. It's no different from renting a house, a car, a boat, or a chainsaw. People who are under the age of 21 cannot buy securities, or engage in a large group of legal activities (e.g. act as executor in a will). Over 21 years of is...
  11. countryBoy641

    Learn To Take Losses

    I don't trade much options. Covered (out-of-the-money, near expiration) writes occasionally. My charts are all underlying somethings, commodities also. Always /CL, /GC, /ZN etc.
  12. countryBoy641

    Learn To Take Losses

    Yup. I usually view trading as a giant video game, expensive. I have 4 monitors, all charts. I have free CNBC (TOS from my Schwab account). If I put the TV show on, it's usually muted.
  13. countryBoy641

    Learn To Take Losses

    You have to know when you are wrong. For me (TA mostly) that means when the chart has been violated (support levels, MAs, etc). Close out the failed stuff, and look for new setups. Keep the failed stuff to a minimum, and let your winners run. That's it. *** But if you can't recognize when you...
  14. countryBoy641

    Unrealized capital gains!!!???

    The tax rate cited in the article is 20%. According to current Tax Regs that rate starts at $492,000 income. Below that (44K to 492K) is 15% tax rate. Below $44K is 0.00%, nobody. Nobody lives on 44K So the entire discussion is about high net worth dudes (aka "Family Office") The big problem the...
  15. countryBoy641

    TDA transition to Schwab

    I got moved over in November. At Schwab, you can buy T-Bills on the secondary. Very economical too. Didn't check the fees, but its probably Offer side plus ... $10 ?
  16. countryBoy641

    Trump $ 4 Billion Rebound?

    Wow, you have such a short fuse. No idea how you trade profitably, which leads me to believe you don't. Wishing you good luck, which is more than you ever do. And of course you missed the whole point of my post.
  17. countryBoy641

    Trump $ 4 Billion Rebound?

    Judge Engoron is making himself to look like a true Country Bumpkin even though he's probably a resident of Manhattan. Or call him a "Bull in a China Shop". Successful traders/investors are merely able to identify value before it is common knowledge. That's it. '80s and '90s CEO of GE, Jack...
  18. countryBoy641

    How do global wars usually affect commodity prices?

    This is a pretty wide ranging topic. But I have read that the end of WWII in Europe was presaged by the D-Day invasion. There are actually interviews of German troops who were present to receive this invasion. In unision, all those men reported, that the Allied troops brought NO HORSES with...
  19. countryBoy641

    Working the inflation trade

    I'm talking about the whole business model, Which was established many decades ago.
  20. countryBoy641

    Working the inflation trade

    Same story with XOM, to a slightly lesser extent
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