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    shooting the moon

    Hmmm. http://stockcharts.com/h-sc/ui?s=TRT&p=W&yr=1&mn=0&dy=0&id=p78206318903
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    Fading Yen - It has gone parabolic

    The move from 250 followed a huge triple top/h&s. I don't see anything here like that.
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    shooting the moon

    The bad trade was posted and I acknowledged breaking my own rules. In fact, I acknowledged breaking my own rules AS I posted the trade. Afterwards, I posted changes in strategy and listed some of the changes. If you can find helpful suggestions in her post, you're welcome to them.
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    shooting the moon

    I don't use margin or options, so I don't see why it would matter.
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    shooting the moon

    BONT is interesting. http://stockcharts.com/h-sc/ui?s=BONT&p=W&b=5&g=0&id=p89419428967 Nice coil on the weekly chart with decent volume. Recently broke out of the coil. Trading at .10 of sales, debt recently retunred to par, so EV of .43/sales, much cheaper than competitors. Still...
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    shooting the moon

    I don't really know. I had problems with settlement before moving to IB, but that was only when I sold within the 3-day settlement period. Otherwise never had a problem.
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    shooting the moon

    The trap was laid in BTH when I posted this thread: http://www.elitetrader.com/vb/printthread.php?threadid=247545 If you don't bother to click on the link, I rec'd the stock at $36 or something and it went to $46 two days later. I got a little cocky and then when the stock went back to...
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    shooting the moon

    Is there some way I can block Nodoji from this thread?
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    All money is created out of debt? -or not?

    Those are two different activities, like practicing tennis and playing a match. There may be an empirical relationship between them, but that is not to say that one is created out of the other, like a cake out of flour.
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    All money is created out of debt? -or not?

    So we have a genesis story in which there is no immaculate conception of money - first the banker must get with debt before giving birth to dollar bills. But this is complete nonsense - he can just print them! No debt was involved in the creation of those dollar bills. Do you think Mugabe...
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    shooting the moon

    Among my somewhat nutty charting hunches is the idea that dojis appear right before news or major turns in a stock (not just as bottoms or tops). I've posted on this before, but TRT is a good example. http://stockcharts.com/h-sc/ui?s=TRT&p=W&yr=2&mn=0&dy=0&id=p60732108272 TRT is very...
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    shooting the moon

    This trading (longer term swing trading) journal probably deserves a quick death, but in the interest of journal honesty, my last two listed trades were duds. After a big gain on LPR, I gave back the gains and ended flat. As for BTH, I took my biggest loss in years on that position. So after...
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    All money is created out of debt? -or not?

    If the USG runs a $2T deficit and net debt rises only $1T, then it's printing $1T. It doesn't matter how that discrepancy comes about, through monetization or not, it's dollar printing either way. So this "money from debt" argument is bogus or definitional. Either way, wrong.
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    All money is created out of debt? -or not?

    Glad we're clear on the idea of "debt free currency." Kinda puts the kibosh on "all money is debt," no?
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    trailing sell stop

    Good idea.
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    trailing sell stop

    If I put in a trailing sell stop like this: price: $2 trail: .30 stop: $1.85 does that mean that the sell order will execute even if the trailing amount hasn't been reached, ie at $1.85? or what if I add a limit order (to the same order) at $2.05? does that mean no execution until...
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    All money is created out of debt? -or not?

    Gov't can also just pay government salaries via printing. No debt. If you define the salary as a "debt," you are proving too much. So I don't see how "all money is debt." If you define money as debt, then yes, you are trivially correct.
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    All money is created out of debt? -or not?

    If debt came before money, what was the debt paid off with, if not money? I always thought money came from paying soldiers (we can't afford to give you any gold, so here's some money, it's just as good). I wouldn't worry too much about this either way.
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    the thread of bad predictions

    Larry Kudlow has a knack for being exactly wrong. Here he is on November 21, 2007, ignoring all the signs of impending doom: http://www.nationalreview.com/articles/222912/three-more-years-goldilocks/larry-kudlow Three More Years of Goldilocks? That said, I think the election-year...
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    the thread of bad predictions

    This is too easy, but Dow 36000 is notorious. http://www.theatlantic.com/magazine/archive/1999/09/dow-36-000/306249/ Stocks are now, we believe, in the midst of a one-time-only rise to much higher ground—to the neighborhood of 36,000 for the Dow Jones Industrial Average. After they...
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