Refreshing, yet nothing new

Quote from alexandercho:

MandelbrotSet, what kind of trading do you do? Forex, stocks, or Futures?
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I used to trade stocks, now I trade futs.

P.S. We're gonna see a disappearing act again on his thread, LOL. :D

(I just couldn' resist.) :p :)
 
I currently trade option contracts on stocks, stocks are boring but that's my personal opinion.
Yet again options will either magnify gains or losses; basically a double edged sword.
I don't know much about trading future contracts, but if I did learn about trading future's I'd probably trade E-mini S&P 500 and Dow futures. Possibly crude oil and that's about it.
What kind of future contracts do you trade?
 
Quote from MandelbrotSet:

I used to trade stocks, now I trade futs.

P.S. We're gonna see a disappearing act again on his thread, LOL. :D

(I just couldn' resist.) :p :)
More...

I want to laugh, but I don't get the joke. What do you mean by disappearing act? Sorry, I have a horrible sense of humor. :p
 
The Dow Jones has also been subject to such fluctuations that is why a lot of companies have been taken off the market index. For instance, AIG, US Rubber, and General Motors. I cringe every time someone says the market will return a trader 10% compounded a year based upon the Dow index because it clearly isn't true because even the most selectively chosen companies to represent the most popular index that a lot of investors worship, also falls prey to the 99% failure rule. Thus the 10% is inflated making it look appealing to the novice who wants an easy shot at retirement but fails because it turns out that reality is harsh, and the financial industry is full of lies to bring in a fresh crop of losers just like the kings of Egypt needed a fresh pair of workers to build the old pyramids when the current workers were to old and weak to work.
 
Here's evidence to support my claim.

July 3, 1884 DJIA
First Composite:
Chicago & North Western
Delaware, Lackawanna & Western
Lake Shore
Louisville & Nashville
Missouri Pacific
New York Central
Northern Pacific pfd.
Pacific Mail
St. Paul
Union Pacific
Western Union

Do you recognize any of these companies on the current DJI average. The answer is obviously a big fat no.

June 8, 2009 DJIA
Current Composite:
3M Company
Alcoa Incorporated
American Express Company
AT&T Incorporated
Bank of America Corporation
Boeing Corporation
Caterpillar Incorporated
Chevron Corporation
Cisco Systems, Inc.
Coca-Cola Company
DuPont
Exxon Mobil Corporation
General Electric Company
Hewlett-Packard Company
Home Depot Incorporated
Intel Corporation
International Business Machines
Johnson & Johnson
J.P. Morgan Chase & Company
Kraft Foods Inc.
McDonald’s Corporation
Merck & Company, Incorporated
Microsoft Corporation
Pfizer Incorporated
Procter & Gamble Company
The Travelers Companies, Inc.
United Technologies
Verizon Company
Wal-Mart Stores Incorporated
Walt Disney Company


Information comes from a primary source. This link is for the DJIA homepage. http://www.djaverages.com/

the direct link to where I got time line information is:

http://www.djindexes.com/mdsidx/downloads/DJIA_Hist_Comp.pdf
 
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