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  1. Scataphagos

    Stop Losses 101

    No worries. You don't "get successful" until you get your head strait about it all. That's a matter of experience you just have to "go through"... it's not intuitive and nobody hands it to you.... unless you can find an expert teacher. Just don't want the "learning curve" to wipe you out.
  2. Scataphagos

    Stop Losses 101

    More to this story than you recognize. If you take a "string of losses"... as have we all.... and you did so with proper stop discipline, you soon get the idea, "If I'm losing time-after-time, I'm doing it wrong". You'd like to come to that conclusion without too much damage to your capital...
  3. Scataphagos

    Copper?

    Ever hear the expression, "the economy has a copper roof"? It means the copper is sensitive to the economy as it's heavily used in home construction... pipes, wiring, and is therefore also sensitive to inflation. Those ETFs have low handle. Suggest keeping an eye on FCX. You can track copper...
  4. Scataphagos

    Stop Losses 101

    Simple concept of stops. 1. Using them is essential to survival. You need them to limit losses. If the market is going to take your money, it should be like being "nibbled to death by ducks". 2. Exactly where to place them is an art, not science. If you raise your stop as a "trailing...
  5. Scataphagos

    MasterCard to Support Crypto Payments Sometime This Year

    You assume much, Grasshopper. I see what you're saying... and maybe has something to do with my gold's languishing lately.. ?? If the whole world is willing to accept cryptos like they do the fiat created by the Fed, it will stick as a "thing". My view had been that it wouldn't stick.
  6. Scataphagos

    Khruschev's Prediction 62 Years Ago... Anybody Remember?

    Ha! Knock yourself out, Buckeroo. I keep all of my electronics in a Faraday cage! (Gets a little crowded to work the phone in there with all the TVs and such. Makes my pace maker a little jiggy, too).
  7. Scataphagos

    put - no volume

    Buying an option where there is no/thin volume is sort of like the Hotel California... "you can check in, but you can never leave".
  8. Scataphagos

    Khruschev's Prediction 62 Years Ago... Anybody Remember?

    That's prolly that box of .22s, like I told you. MESS... is that like Alexa??
  9. Scataphagos

    Khruschev's Prediction 62 Years Ago... Anybody Remember?

    Sounds like Biden's new policy on firearms. P.S. I used to have some guns, but I lost them (fell out of my boat to the bottom of Horsetooth Reservoir). I maybe have a box of .22LR left, so they can have that when they come.
  10. Scataphagos

    Khruschev's Prediction 62 Years Ago... Anybody Remember?

    It's been 62 years since Russia’s Khrushchev delivered this. Do you remember September 29, 1959? THIS WAS HIS ENTIRE QUOTE: "Your children's children will live under communism, You Americans are so gullible. No, you won't accept communism outright; but we will keep feeding you small doses...
  11. Scataphagos

    Subforums

    Honestly, I don't think most Americans see it as the government sucking-off their appreciation. Then again, most Americans are financially naive. Still, you have to live some place. If you're a property "owner", you pay the tax or else. If you rent, the property tax in factored into your...
  12. Scataphagos

    Is the DOM any use?

    No, for me. The only value I see in the DOM is to get an idea of how much slippage you might incur for a large trade. If you're trading a 1-2 lot, doesn't make any difference. If you want to trade a 100+ lot, sometimes it does. (Sometimes there will be a spike in price, up or down, where...
  13. Scataphagos

    MasterCard to Support Crypto Payments Sometime This Year

    Wow. Seems to me that anybody with a sense of "money history" (where the first money in modern times was gold and silver coin) has a hard time accepting crypto assets. At $50K, 10 of those "strings of numbers written upon a page of paper" could buy a 2 1/2 acre home lot in my neighborhood...
  14. Scataphagos

    Subforums

    When the government has "first claim" on you property, you don't really "own" it... now do you? The government is there to support itself. The people are just slaves and tax donkeys. :(
  15. Scataphagos

    Subforums

    Yup, that's how it works. Some places have property tax north of 3%! With property tax, the government siphons off a large percentage of your appreciation... and if you don't pay them, they take your house! Where I live in Colorado, property taxes mostly run ~0.5%
  16. Scataphagos

    Patience is important in forex

    Patience is required regardless of the vehicle. Proper trading is like card-counting in blackjack. You patiently count the cards to know when the deck is in your favor... then you get your money out. In trading, you learn Technical Analysis so that know when the market setup is in your favor*...
  17. Scataphagos

    Survival in the trading world. What's your lifespan going to be?

    I'm sure this will come as a great shock (and greeted with equal disbelief)... but proper trading doesn't necessarily need to take 10 years screen-time... could be learned in about 1 week... if you could find a good teacher. Unfortunately such individuals are about as rare as honest...
  18. Scataphagos

    Rush Limbaugh announces he has 'advanced lung cancer'

    Ditto that! Too bad more people don't recognize our dire straits.
  19. Scataphagos

    Rush Limbaugh announces he has 'advanced lung cancer'

    America was founded upon this principle. Unfortunately we've morphed into, "we (politicos) will kiss your ass for your vote... so that you will have given us (elites) the power to control your life." (It's astonishing to me how people will give up the "promise of America" for a little bit of...
  20. Scataphagos

    Need desperate help (Lost life savings)

    In your "rebuilding", you'll need to learn to identify "good probability trades" (probability of being correct and risk/reward is favorable)... Price TA is the key to that. You'll also need to develop discipline to take only good trades and to use stops for when they don't work out. (Almost...
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