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Please help me if my math is incorrect... For example, the SPY trades approx. 70 million shares a day at approx. $300 per share So, 70,000,000 shares at $300 each = $21,000,000,000 daily trading amount $21,000,000,000 x .005% = $105,000,000 per day in tax $105,000,000 x approx. 230 trading...

How does Friday sound? We can meet at my home in Migbewhe. It is third on the left as you float into town.

https://www.bloomberg.com/news/articles/2018-10-31/why-smart-money-acting-dumb-could-be-good-news-for-u-s-stocks Why Smart Money Acting Dumb Could Be Good News for U.S. Stocks “The big drop in the SMFI is likely not a negative indication of ‘smart money’ selling,” he wrote in a note Tuesday...

Mystery buyer sends bitcoin prices surging 20 percent By Reuters April 2, 2019 | 10:42am Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move to a major order by an anonymous buyer that triggered a frenzy of...

Getting hit hard again today...time to take a bite????

Down 11% after hours

thank you

Everyone, PLEASE get all your affairs in order now. I just spent the last 3 weeks figuring out my parents finances as they were a complete mess of different accounts, no beneficiaries, dormant accounts, etc. to apply for medicaid. My father then passed away last week and I could have spent it...

https://www.cnbc.com/2018/12/03/as-mondays-rally-fades-traders-wonder-whether-the-trade-cease-fire-was-already-priced-in.html As Monday's rally fades, traders wonder whether the trade cease-fire was already priced in Stocks lost some steam after surging on the opening, signaling the market may...

What does that mean?

Just FYI, I am short big time SPY, but put on a large long oil position very late on Friday after the decline as a hedge for this. So if things continue as they are now, oil will be up 5%, which I will sell and add to my SPY short

https://www.cnbc.com/2018/12/03/trump-xi-trade-deal-what-chinese-state-media-is-saying.html Already, not so clear cut on what was agreed to...let's see if this catches on by morning.

Not so sure of a gain on Monday. If this was announced late Sunday night, I would be more inclined to see a gain, but with a Saturday announcement, lots of time to digest, banks puting out reports on Sunday that may not be so rosey. Who knows, but I don't believe it is a sure thing of a Monday...

https://www.cnbc.com/2018/12/01/us-china-wont-impose-additional-tariffs-after-january-1-report.html I actually think this is a negative. It is just a 90 day postponement that will continue to hang over the market. It is not good news or bad news. Market just wanted a conclusion and it did not...

30% of Net Worth, which provides 60% of Income

Everyday is different. I do not know what I am going to do until the markets set up. I am reactive, not proactive.

I sit in front of 6 screens for 6.5 hours a day, approx 230 days a year. If you want to set it and forget it, then futures may be your "option". For example, when Trump made a comment about a trade deal with China yesterday and the market overreacted, I was there to take advantage, real time...

You ask a question, but only want to hear that futures are better. If you truly wanted an answer, you would listen to both sides. And, I trade 100% s&p stocks, 70% short and 30% long most of the time. Up 40% this year, so it is possible.

Seems low to me, 1st yr analysts pull down close to $200k at big firms

Good read. Some perspective for those who 'blow up' their accounts with a $200 loss.