Duxon's Archive

Here's the same list typed out so you can simply copy and paste when searching for information about them online...

CPAs
Abeye Hailu
Advise
Azran Financial
Green Hasson Janks
Jaswant S. Gill
Khan CPA Corporation
Onisko & Scholz
Sobul, Primes and Schenkel
Accuretta
Anthony Apodaca
Duben & Associates
Hargrave & Hargrave
John W Weldon
M & M Accounting Solutions
Rick E Norris, An Accountancy Corporation

Financial Advisors
Vida Private Wealth
ACap Asset Management
Darrow Wealth Management
Fischer Investment Strategies
HCR Wealth Advisors
Montecito Capital Management Group
Pathway Financial Services
Pure Financial Advisors
SFE Investment Counsel
The Tax Consultancy Group
1080 Financial Group
Affluencer Financial
 
Wednesday / February 12, 2020

For me, a big plus with Nadex (at this point) is that you can pick exactly when you want to collect your money. You are not at the mercy of price action, compelled to wait on assets as they take their sweet time to get around to finally hitting your take-profit targets so you can put them out of your mind and move on.

The problem with this however is that in making the time short, you only have one or two options when it comes to selecting a strike price. This brings up another plus though, in that you can select a strike price that leaves you with a little bit of breathing room, giving you enough space so you can be somewhat off in your calculations, yet still make a profit.

But then, this brings up an even bigger problem, which is that in doing so you will be encountering enormous, almost grotesque risk-to-reward ratios. But if you can work out the numbers so that whenever you execute trades the statistical probabilities are so much in your favor that the odds of your encountering a loss are virtually zero, all the negatives kind of don't matter anymore, and the attractiveness of having 100% control over how you manage your time is once again a big benefit offered by trading via Nadex's platform.
 
As a backup to my personal notes, I'm going to start recording questions that might be appropriate to ask a CPA as they occur to me so I will have a ready-made list if and when the time comes to confer with one of the entities from Post #141.
  1. I plan to leave California as soon as I begin making a substantial amount of money so this state can’t take it all in taxes to waste on its silly solutions that only make problems worse. How soon should I move and what should I do to protect as much of my money as possible from California’s greedy little fingers?
  2. Can you tell me who are the friendliest states in terms of having tax laws that are not punitive towards individuals who generate a lot of income via trading financial instruments?
  3. I plan to eventually allocate part of my net worth to “projects” such as an online K-12 academy, a trainee-focused proprietary firm, etc. What do I need to know now, before I actually begin financing such nonprofits or businesses?
 
expiated said:
Can you tell me who are the friendliest states in terms of having tax laws that are not punitive towards individuals who generate a lot of income via trading financial instruments?
More...
upload_2020-2-13_12-51-17.png


ScreenHunter_7671 Feb. 13 12.59.jpg


Wyoming, Texas, Florida, and Tennessee look to be best for lowest taxes and cost of living.
 
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Tuesday / February 18, 2020 / 5:15 PM PST

It dawned on me just now that my success with trading Nadex (such as it is) is due to my engaging, not in trend trading, but rather—in oscillation trading. However, from what I gather thus far, in reality, there is no such thing.

According to fidelity dot com, range trading is a strategy whereby a trader identifies overbought and oversold areas (or support and resistance areas) and buys at the oversold area (support) and sells at the overbought area (resistance). Supposedly the strategy works well in markets that are meandering up and down with no discernible long-term trend, but is less effective in a trending market, though it can be used if one accounts for the market's directional bias.

(I think I might have copied and pasted this once or twice before).

Nonetheless, I don't think in terms of overbought and oversold. Instead, my interest is in projected price ranges and bona fide reversals. It's not the area per se that tells me when to buy or sell, rather, it is price action itself as expressed by the numbers.

The key is not in trading the trend, but lies in trading the oscillations.
 
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On the outside

We have left the JPY aside for a while, and now it is time to take it back from the shelve and see what's happening in the Country of the Rising Sun. Unfortunately, nothing promising. Clearly, the extent of trade ties with China puts Japan in the frontline to suffer the damage done by the Coronavirus, after China itself. 20% of Japanese exports get shipped across the Yellow Sea, 25% of Japanese total imports originate from its western neighbor. That's one of the largest proportions of trade balance tied up with the Chinese economy among all countries. Logically, the stronger the bond is with your trade partner, the harder you are hit if your partner takes the damage. Therefore, that is a fundamental factor to drag the JPY down, even if it is considered as a #2 safe-haven currency.

On the inside

Domestically, the Japanese economy is shrinking at an alarming rate. It is not entirely unexpected, because the sales tax introduced in Autumn 2019 couldn't have come without notice. But still, knowing that the Japanese economy, the third-largest globally, slows down at a pace unseen during the last 6 years, raises reasonable concerns. Take note, the contraction pace has been recorded before the virus stroke, so it is purely an internal factor, which just got the "right timing" to be aggravated by the virus externally. Now, if the first quarter of 2020 shows a similar downturn, it will be an official recession now. Japanese officials said that the last time things looked alike was 2011 when the natural disasters caused a nuclear meltdown in the country, which led to tourist-starvation in Japan for almost half a year. Obviously, all of this doesn't do any good to the JPY neither (unless you look at it from the Japanese exporters' perspective, but again: if the biggest chunk of your exports cannot be bought by your partner, what's the use of selling them cheaper).

Consequences

As a result, the JPY cannot hold its ground against the USD. Even with the depressed market moods dipping into the flee-to-safe-haven mode on a regular basis because of the virus cannot ignite the interest for the JPY. Trading at 110.43, the USD/JPY is looking at 110.70, which is May-2019 resistance. If things continue the same way (which they are pretty likely to), we have a good chance to see USD/JPY eventually beat the 2019 highs and aim at those of 2018.
 
It took me 30 minutes to find this silly post, so I'm pasting it here in the hope it will facilitate my search next time, if there is one...

ScreenHunter_7719 Feb. 28 22.40.jpg


(I couldn't remember what it said about a "fat tailed distributions.")
 
Friday / March 13, 2020

Quotes from "Parisboy," July 8, 2019...

Using Envelopes is the best system :
You can classify and hierarchize
  • Waves
  • Cycles
  • M and W patterns
  • Harmonic Patterns
as long as you do not classify and hierarchize these representations of Price Action :

- your Analysis is flawed
- your Trading decisions are flawed

moreover using 3 Envelopes you can observe the eventual "propagation" = when a Wave becomes a Wave of higher degree, nature, order

EURUSD HARMONIC PATTERNS 1999-2023.png


CAC 4 2009-2021 VAGUES D'ELLIOTT.png
 
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