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Separate the type of trades are profitable for you from those that are either break even or losers (as a class) and then do a further cut where you separate the marginally profitable from the solidly profitable. Assume the marginally profitable are the most dangerous trades -- they are -- and...

LearningToTrade: The most basic thing you must realize is that everything about how you are viewing this guy and his proposal is WRONG. you do not have to bend down and taste the dog shit on the ground (or ask ANYONE about it) to know if it is edible. Unless you use some modicum of common...

The number is wrong.

If you can put up the money to pattern day trade consider starting with 100 SPY or QQQ. Make sure you get a very low minimum commission -- $1 minimums do exist -- and once you are winning at 100 go to 200. Once you get up to 700 or 800 shares and are comfortable with the risk switch to ES or...

Harsh winters are part of the risk you take if you invade Russia. I'm sure both the Germans and the French had a sense of that.

Yes ... you should short stocks that are going down ... not thos going up. Shorting it would be trading counter trend and trying to pick a top. This is a high risk short. There are less risky ways to make money on both the long and short side.

If you read TD80's posts you quickly realize he is not the type of analytical thinker that will have either his capital or his person in some unstable venue. The others you refer to? They will never get past Cancun on spring break ... lol. For almost all of them this is simply conversation.

TB80 ... I profoundly share your fundamental distrust. During the coming collapse of fiat currency governments the world over will attempt to salvage the old regime with astonishingly uneconomic policies that will only make matters worse. We are totally agreed on the chances -- nearly a...

Having spent the better part of the last hour researching TD80's contention I have concluded that under current regulation his facts are correct. There does not appear to be a way (at least as to futures or currency transactions) to defer that income in a CFC. I hope what my partner and I...

If the foreign entities' trade is buying and selling financial instruments, just like a trader who elects to be taxed as a trader here in the US, the income by definition is not investment income but income derived from that legitimate trade. If you can show that the company's income is...

If a trader elected to live overseas and run his trading BUSINESS (business as opposed to passive investment) through a corporation with professional tax advice it is a straightforward matter todefer income virtually forever. In addition living overseas would allow him to exempt a decent chunk...

It tells me that your screen name nails the era we live in perfectly. Trading the Dollar for the Euro (as a long term store of value) is like trading dog shit for horse shit. Either way you've got a pile of shit.

We simply disagree.

It probably is a very bad idea for housing prices to outstrip the potential for the populace to pay for them. That said, once prices ARE at those levels, it is an even worse outcome for some if they quickly retrace to affordable levels. Here's the rub. Many of us who want the market to...

Yes.

Once the dominoes begin to fall the interconnected reality of modern finance will assure that few will escape the collapse. At the heart of the problem is investor reluctance to put faith in fiat currencies. When -- not if -- the paper becomes an unreliable store of value it becomes nearly...

GET A PRO TO ADVISE YOU ... And then roll your IRA into a solo 401k. You can be the trustee, the administrator and the chief cook and bottle washer. Once you have a retirement trust that you truly control you can (except for collectibles) invest in pretty much what you please. Since...

To call this bought and paid for government of recent decades -- both sides of the aisle -- a government that represents a capitalist society rather than a rig game is simply crazy. It is amazing to me that people still act as if the game is not corrupt to its core. The economies of the...

Thanks, ND. I've enjoyed your posts on the crude thread.

Bill, You have this just right. The win rate and your objective might not dictate your stop but it will certainly indicate what can't work. And you must be ready for that next trade just as you describe.