Qualquer um comércio no forex. Se você quiser olhar para a estratégia livre completo do sistema de FX e o indicador feito sob encomenda de MT4 de ITM Financeiro. E fazer exame a observação Em janeiro de 2012, o MAS está introduzindo critérios novos para fornecedores de FX alavancados, CFDs e outros produtos de investimento especificados Para avaliar a adequação dos seus produtos para os seus clientes. A nova exigência. A nova avaliação do conhecimento do cliente do regulador exige que seus clientes possam responder Sim a qualquer uma das seguintes perguntas, uma vez por ano a partir de 2012.1 Nos últimos três anos, Você já transacionou CFDs, forex ou qualquer outro derivado de OTC pelo menos seis vezes.2 Você tem um diploma ou qualificação superior em qualquer um dos seguintes campos. Contabilidade Ciências Atuariais Negócios Administração de Empresas Administração de Empresas Estudos de Negócios Mercado de Capitais Comércio Financeiro Computacional Economia Financeira Financeiro Engenharia Planejamento Financeiro Seguro.3 Você passou no exame de Analista Financeiro Chartered realizado pelo CF Um Instituto ou a Associação dos Contadores Públicos Certificados Qualificação ACCA.4 Nos últimos dez anos, você já trabalhou em qualquer uma das seguintes áreas por um período de três anos consecutivos. Contabilidade Ciência Atuarial Desenvolvimento, estruturação, gestão, treinamento, venda, Negociação ou pesquisa e análise de produtos de investimento Gestão de Risco Financeiro Tesouraria Prestação de serviços jurídicos especialização em relação a qualquer das áreas de trabalho acima. Quando o novo requisito entra em vigor, os clientes que satisfaçam qualquer um dos critérios acima será capaz de continuar a operar como de costume Infelizmente, os novos candidatos que don t atender a qualquer um destes critérios serão incapazes de negociar com corretores forex em Singapura. Edited by M o nome 18 Apr 13, 3 46 PM.233 publicações desde 09 de julho. Originalmente publicado por M o nome. Eu ouvi Que há um nome de comerciante Patrick Teng, que é o CEO e Chief Dealer de Six Capital Pte Ltd e Antigo Chef Dealer VP - Treasury do UBS, Tóquio Ele alegou que se alguém treinado sob ele, Eles podem ganhar EU 4000-12000 por mês, não há nenhum risco de capital e você pode negociar com os fundos de s da empresa. Também parte interessada pode ganhar taxas de negociação como você aprende, e há um abrangente de 4 meses a tempo parcial programa de treinamento com patrocínios Disponível para recém-formados, estudantes e desempregados Qualquer um treinar sob ele antes de seu termo e reivindicação parecem muito bom para ser true. assuming você pode fazer dinheiro lah ele deve estar pagando amendoins, mas você começa uma parcela de lucros. boa lobang não precisa anunciar Liao ele vai ter o seu próprio kakis liao lor. USD INR boa chance de vender agora, mas pronto para a média para baixo vender o par.18.865 postos desde maio 10.Preço Tetos e pisos. Preço Tetos Se o preço teto está acima do preço de mercado, Então não há efeito direto Se o limite de preço é fixado abaixo do preço de mercado, então uma escassez é criada a quantidade demandada excederá a quantidade fornecida A escassez pode ser resolvido de muitas maneiras Uma maneira é a fila as pessoas têm que esperar na fila para o produtos , E apenas aqueles dispostos a esperar na fila para o produto vai realmente obtê-lo Vendedores podem fornecer o produto apenas para a família e amigos, ou aqueles dispostos a pagar extra sob a tabela Outro efeito pode ser que os vendedores irão diminuir a qualidade do bem vendido Os mercados negros tendem a ser criados por limites máximos de preços. A Figura 3 6 ilustra a escassez que ocorre quando um limite de preço é imposto aos fornecedores Os consumidores exigem QD, enquanto os Fornecedores estão apenas dispostos a fornecer QS Se o limite de preços for Acima do equilíbrio, os consumidores exigiria uma quantidade menor do que os fornecedores estão produzindo. Eficiência Econômica Black Vs Mercados Legal Os sistemas jurídicos fornecem vários benefícios aos sistemas econômicos. A eficiência econômica pode ser dito que ocorre quando uma ação cria mais benefícios do que os custos Sistemas tornam-se mais eficientes através da redução de riscos para os participantes da economia O risco representa um custo que deve ser compensado por taxas mais elevadas. Sk reduzido pela regulamentação do governo é roubo O governo protege os direitos de propriedade dos proprietários para que eles possam se beneficiar dos ativos que possuem e usá-los de forma eficiente e econômica Participantes em um sistema de mercado negro enfrentam um alto risco de roubo em suas transações também Como exposição a outras formas de violência. Os governos geralmente também fornecem um marco regulatório para a segurança dos produtos Em um mercado operando dentro de um sistema legal, os compradores de drogas têm uma expectativa razoável sobre a qualidade dos medicamentos e os benefícios esperados dos medicamentos Participantes Em um mercado negro de medicamentos terá informações incompletas sobre a qualidade dos medicamentos adquiridos e, portanto, as decisões adequadas são mais difíceis de fazer. Pelo Floors Quando um preço piso é definido, um determinado montante mínimo deve ser pago por um bem ou serviço Se O preço piso está abaixo de um preço de mercado, não ocorre efeito direto Se o preço de mercado é menor do que o preço piso, então um excedente será gerado Mi Em muitos estados, a lei do salário mínimo dos EUA não tem efeito, já que as taxas salariais de mercado para trabalhadores pouco qualificados estão acima da taxa de salário mínimo. Nos estados onde o salário mínimo está acima da taxa salarial do mercado , A lei vai aumentar o desemprego para trabalhadores pouco qualificados Embora alguns trabalhadores pouco qualificados receberão salários mais elevados, outros perderão seus empregos. Eu não tenho sido negociação quase nada Ainda considero o sistema a ser completamente manipulado. No entanto, parece muito Prometendo tomar uma posição curta das equidades algum dia entre agora e Inaguration. It deve ser um nenhum brainer que quererão tank o mercado para mostrar o trunfo que controla realmente coisas em torno de aqui. ------------- ------------------------------------------- Em termos de inflação Governo overspending é 1T em um orçamento 3T Isso é o mesmo que a impressão de dinheiro Eventualmente ele vai aparecer up. Look para o que poderia ser cortado do orçamento, ele adiciona a 2 5T mais de 10 anos, ou 25T yearly. But o défice é 4 ti Mes higher, 1T Então, mesmo com cortes massivos, não podemos chegar perto de um orçamento equilibrado. Note que estes estão na agenda de Paul Ryan, congressista de Wisconsin e presidente da Câmara Algumas dessas coisas de que eu nunca ouvi falar acredito Que o governo deve apoiar as artes e humanidades em certa medida, mas talvez não a melodia de 335 MILHÕES de dólares por ano. PAUL RYAN S PROPOSTAS ORÇAMENTO CUTS. A Lista de Orçamento republicano Cuts. Notice SS e os militares não estão nesta lista . Estes são todos os programas que a nova Casa Republicana propôs corte Leia até o fim. Corporation for Public Broadcasting Subsidy 445 milhões de poupança anual Save America's Treasures Program 25 milhões de poupança anual Fundo Internacional para a Irlanda 17 milhões de economia anual Corporação de Serviços Jurídicos 420 milhões de poupança anual National Endowment for the Arts 167 5 milhões de poupança anual National Endowment for the Humanities 167 5 Milhões de poupanças anuais Esperança VI Programa 250 milhões de poupança anual Amtrak Subsídios 1 565 bilhões de poupança anual Elimine duplicação de programas de educação HR 2274 no último Congresso, autor de Rep McKeon elimina 68 com uma economia de 1 3 bilhões anualmente US Trade Development Agency 55 milhões de economia anual Woodrow Subsídio Wilson Center 20 milhões de economia anual Corte em metade financiamento para impressão e vinculação do Congresso 47 milhões de economia anual John C Stennis Centro Subsídio 430.000 economias anuais Fundo de Desenvolvimento Comunitário 4 5 bilhões de economias anuais Em Ha Se 7 5 bilhões de economias anuais Trim Federal Vehicle Budget por 20 600 milhões de poupança anual Essential Air Service 150 milhões de poupança anual Programa de Inovação Tecnológica 70 milhões de poupança anual Produção Extensão Parceria MEP Programa 125 milhões de poupança anual Departamento de Energia Subsídios 530 milhões anual Economias Reabastecimento de praia 95 milhões de poupança anual Novas partidas Transit 2 bilhões de poupança anual Programas de câmbio para os nativos do Alasca, Native Hawaiians e seus parceiros comerciais históricos em Massachusetts 9 milhões de poupança anual Intercity e High Speed Rail Grants 2 5 bilhões de poupança anual Title X Family Planning 318 Milhões de poupanças anuais Appalachian Regional Commission 76 milhões de poupanças anuais Desenvolvimento Econômico Administração 293 milhões de poupança anual Programas sob a Lei de Serviços Nacionais e Comunitários 1 15 bilhões de economia anual Pesquisa Aplicada no Departamento de Energia 1 27 bilhões de economia anual Freedom CAR e Fuel Partnershi P 200 milhões de poupanças anuais Programa Energy Star 52 milhões de poupança anual Assistência Económica ao Egipto 250 milhões anualmente para o Desenvolvimento Internacional 1 39 bilhões de economia anual Assistência Geral ao Distrito de Columbia 210 milhões de economia anual Subsídio para a Autoridade de Trânsito da Área Metropolitana de Washington 150 milhões de economia anual Campanha Presidencial Fundo 775 milhões de poupança ao longo de dez anos Nenhum financiamento para a aquisição de espaço de escritório federal 864 milhões de poupança anual Finais proibições de terceirização competitiva de serviços governamentais Revogação da Lei Davis-Bacon Mais de 1 bilhão anualmente IRS Direct Deposit Exigir o IRS para depositar taxas para alguns serviços que Ofertas tais como o processamento de planos de pagamento para os contribuintes para o Tesouro, em vez de permitir que ele permaneça como parte do seu orçamento 1 8 bilhões de poupança ao longo de dez anos Exigir a cobrança de impostos não pagos por funcionários federais 1 bilhão de economias totais Atividades por funcionários federais 1 2 billio N poupança ao longo de dez anos Vender excesso de propriedades federais o governo não faz uso de 15 bilhões de poupança total Eliminar goria de morte para os membros do Congresso QUAL Eliminar Mohair Subvenções 1 milhão de poupança anual Eliminar subsídios dos contribuintes para o Painel Intergovernamental das Nações Unidas sobre a Mudança Climática 12 5 milhões Poupança anual PODE NÃO SER ESPECIAL Elimine o Programa de Acesso ao Mercado 200 milhões de poupança anual Programa do Açúcar USDA 14 milhões de poupança anual Subsídio à Organização de Cooperação e Desenvolvimento Econômico OCDE 93 milhões de poupança anual Elimine o Programa Nacional de Custo - Economias Elimina fundo para Obamacare custos administrativos 900 milhões de poupança Pronto para Aprender Programa de TV 27 milhões de economias HUD Ph D Programa Deficit Reduction Check-Off Act. Some sugeriram que a jóia é um bom investimento, embora o valor de cunhagem de jóias muitas vezes leva o preço longe Além do valor de derretimento Eu don t comprar nesta jóia fina G, como provar a pureza poderia ser bastante problemático no futuro Existem métodos de teste de pureza, que envolve colocar ácidos em seu ouro, e não parece haver necessidade de atravessar esta ponte Há também testadores eletrônicos, que são brutalmente caros, E apenas tolo para considerar mesmo a menos que você fosse um grande negociante.24 karat finura millesimal 999 quase ouro puro-Estes quilates ponderação aplicar a moedas também 22 quilates millesimal finura 916 20 karat finura millesimal 833 18 quilates millesimal finura 750 75 ouro puro 15 quilates millesimal Finura 625 14 karat finura millesimal 585 10 karat finura millesimal 417 41 7 ouro puro 9 karat finura millesimal 375.Copper D on t comprar cobre como uma especulação. Há empresas que vendem barras de cobre, com insana grandes markups no local Pessoalmente eu acho que isso é Uma forma boba de especulação, especialmente tendo em conta as margens insanas O estouro da bolha imobiliária chinesa irá pressão de cobre por um longo tempo para vir A habitação é de 40 de todos os copp Em 3 por libra, em comparação com a prata em 480 por libra, e ouro em 25.000 por libra, os PM são muito mais práticos Embora eu fiz sucata alguns 16 painéis solares e transformou o cobre em 2 moedas de ouro brilhante agradável. Moedas de um centavo --- Eu não rolo acima de meus tostões, eu os coloquei nos vasos que começ realmente pesados Eu fiz um tipo representativo para retrocede, os centavos 1909 a 1982 valem realmente 2 23 centavos no valor do derretimento, os centavos 1983 a atuais são Na verdade 95 de zinco, 5 de cobre e tem um valor de fusão de 0 48 centavos. Eu tenho 819 gramas de moedas na minha amostra.1983 e depois foi 615 gramas, 198 centavos ou 75 1,1982 e anterior foi de 204 gramas, 65 centavos ou 24 9 e Um destes era um wheaty acredite ou não. Em 3 11 gramas por a moeda de um centavo, meu tamanho da amostra era 263 tostões 1 Wheaty. Valor total de 263 tostões no valor de 240 centavos de face, sheesh Eu não penso que classificar tostões é um modelo de negócio real , No entanto, por que não mantê-los Custa mais dinheiro para se livrar deles no tempo e gás. Existem certos tipos de transação S que exigem que o negociante PM para informar ao governo em transações PM As transações relatáveis são muito raros Alguns concessionários irá relatar apenas os relatórios essenciais, e outros concessionários virão para a direita para fora e declarar que eles serão relatando sua transação quase todo o tempo Qual Você prefere Você deve ler a política de revendedores e questioná-los quando você chamar para comprar Haverá conseqüências fiscais quando você vender, se você nunca vender Ouro e prata são geralmente tratados como um colecionável com exceções e sujeito a uma alta Ganhos taxa de imposto. - Tenho que admitir, os problemas fiscais são complexos e eu passei algumas horas em momentos diferentes tentando obter uma alça sobre ele Eu vi isso em um site de aposentadoria, agora as pessoas estão segurando PM s dentro de 401k e IRAs , Eu não tenho idéia da logística física de that. There são excepções certas moedas de ouro emitidas pelos EUA geralmente as moedas de ouro, prata e platina American Eagle e quaisquer moedas emitidas por qualquer um dos estados não são colecionáveis S Também ouro, prata, platina ou lingote de paládio não são colecionáveis quando o metal é igual ou excede a finura mínima exigida em um contrato de futuros regulamentado e está na posse física de um trustee qualificado Clear como lama Yep, deixe-me saber quando você tem Ele descobriu. Uma banda de rock Asiático-Americana chamada The Slants pediu a um tribunal de apelações federal na semana passada a marca seu nome mesmo que o governo diz que desacredita os asiáticos. O grupo discutiu perante o Tribunal de Apelações para o Circuito Federal sexta-feira que tem Um direito da Primeira Emenda de registrar o nome porque o discurso ofensivo ou insultos étnicos não podem ser censurados pelo governo, relatou a Reuters O caso está sendo observado de perto porque poderia afetar um apelo interposto pelos Washington Redskins da NFL depois que suas marcas foram canceladas pelos EUA Patent and Trademark Office, alegando que o nome da equipe desprezou Native Americans. Indeedy lá Sim, que Washington Redskins nome poderia ser ofensivo Aft Er todos, desde cerca de 1820, todos os índios foram expulsos do leste a oeste do Mississipi por Washington, embora alguns ficaram presos em Wisconsin até a década de 1850 e mesmo após os tratados no ponto de um rifle, alguns indianos Grupos como o clã do Chefe Kewauskum agora uma cidade em Wisconsin preso por volta de 1890 e viajou livremente, tendo um acampamento primário em Pike Lake Isso é uma história totalmente diferente. Tudo isso, uma consulta de 300 Potawatomi indianos afirmou que sim, de fato, Sentem o nome Redskins de Washington para ser depreciativo e estão arquivando um movimento como um intervenor para mudar o nome aos Redskins e restaurar o status da marca registrada, assim como direitos de direitos sobre o nome anterior. --------- ------------------------------------------- Bem, isso é uma piada, mas Um estoque irreverente mas relevante do gracejo para fora. O dia ferido, setembro 10, 2014.MISH teve isto afixado acima com pensamentos de uma avaria no cobre. Torna para fora MISH era 100 correto. Quinta-feira, julho 17, 2014.Apdate 3-2 4-13 - Um amigo perguntou como você compra ouro e eu fiz um write-up para ele, e para seu benefício também tenho um pouco de experiência. Com as brincadeiras continuadas na UE e Chipre, incluindo a ameaça De roubo direto de contas bancárias seguradas, bem apenas sobre qualquer coisa vai. This artigo é como eu comprar Metais Preciosos PM. Any forma de riqueza eletrônica é suspeito, facilmente desviado roubado em um keystroke. Owning ativos duros em um mundo potencialmente deflacionário aka Pretcher MISH Poderia resultar em grandes perdas, no entanto, com todo o mundo executando suas impressoras para o Reino vêm, a chance de inflação parece não-brainer low. Suggested Inflation Hedges.1 Ouro, Prata, Platina, Palladium 2 Propriedade Direta de Poços de Petróleo 3 Propriedade Direta De Solar Electric produzindo ativos 4 Propriedade de Imóveis, especialmente renda produzindo imóveis 5 Propriedade Direta de um negócio que pode durar através de recessão e inflation. Here é em poucas palavras. Uma Ounce ouro Bars. Junk Silver, pre-1964 dim E, em moedas de 1 onça, a única escolha real é Canadian Maples. Junk prata até 15.000 ou 15 de sua pilha global e o resto em barras de ouro e, em seguida, alguns Canadian Maple moedas ou Krugerrand moedas até 10 de sua pilha total na platina e no paládio. Afaste-se das moedas do coletor do numismatic, todos têm histórias boas, apenas permaneça afastado a menos que você for um collector. Whatever real da moeda que você compra, olha sempre o markup sobre o preço à vista do uso do metal Futuros para o preço do ponto Obter o metal mais que você can. Finviz é um lugar OK para futuros spot price. Always tentar obter mais metal para o seu money. Don t ser impressionado com moedas que vêm com uma alta markup aka premium sobre spot como o Moedas de ouro da American Eagle No preço de venda Eagles 1688 quando o ponto é em 1614, que sa grande prémio Também cuidado com o transporte e os custos de seguros, os comerciantes bom eu recomendo são sempre razoável sobre isso, unscrupulous pode bater-lhe com um grande custo que Efetivamente aumentar S seus prêmios Oftentimes, ordens sobre 10.000 ou 20.000 começarão o transporte e o seguro livres, mas o transporte e o seguro não são realmente grandes de qualquer maneira, você shouldn t pagam mais de 25 ou assim. Para começar, obtenha 5.000 a 15.000 em prata pre-1964 Dimes e quartos, isso é chamado JUNK SILVER e não há nada junky sobre isso Um quarto é aproximadamente 6, um centavo é 2 5 do que, cerca de 2 50 para o pensamento nocional Você precisa deste para o comércio e fazer a mudança no novo mundo que vem Desordem NWD TM. Junk prata é vendido por Face Dollar, então um Face Dollar de Quarters seria de 4 trimestres, ou 10 dimes O peso da prata em dimes e trimestres é exatamente proporcional ao valor face USD da moeda 10 dimes tem exatamente como Muito prata como 4 quartos. Um cara dólar de qualquer metade Dólares, quartos ou dimes será em torno de 715 onças de prata, dependendo do desgaste nas moedas, embora ele ganhou t variar muito. Silver é mais pesado do que você pensaria Você não pode colocar 20.000 em uma mochila, pegue seu bug-out saco, E apenas acertar a estrada Para o pensamento nocional, o ouro é de cerca de 25.000 por libra, para que você poderia facilmente transportar 100k de wealth. Silver também vem in.1 Governo cunhadas moedas credíveis, mas markup.2 maior Rounds que são moedas rodada como objetos, mas que aren T minted por um governo, estes são vendidos no prêmio mais baixo, mas em um mundo Mad Max você pode ter problemas provando-os para ser real.3 barras de 10 onças, muito legal, cerca de 300 nocional, pilha bem Você também pode obter 100 onças e Mesmo 1000 barras de onça, mas dont. Many pessoas estão recomendando uma maior porcentagem de prata em sua carteira de ouro em valor de dólar Eles pensam que porque a relação de longo prazo de ouro para preços de prata é alta, que a prata pode apreciar mais de ouro Mas prata É também o ouro do homem pobre eo homem pobre é pânico de varejo e varejo quando as coisas ficam um pouco esboçado Também a prata não torna mais fácil para transportar a riqueza séria, enquanto o ouro does. Gold Suas principais escolhas são Government Minted moedas e pouco 1 Ounce bares. º Há também grandes bares, mas por que obter um grande bar Para o ego Não há nenhum benefício real na obtenção de grandes bares, e bares podem precisar de uma certificação quando você vendê-los Houve alguns casos em que tungstênio foi colocado no meio do Gold Bar Tungstênio é quase exatamente a mesma densidade de ouro, é apenas 02 mais pesado do que o ouro, para que eles possam escondê-lo dentro do ouro. As barras têm um prêmio menor do que as moedas em geral, tão baixo quanto 16 no local, É raro, menos de 30 prémio por onça é normal Também as barras têm um benefício que você pode não pensar importante neste momento, mas pode ser muito importante no futuro Ouro na forma de um instrumento monetário tem requisitos de relatórios diferentes ao transportar para fora Do país. Muitos especialistas dizem que você deve diversificar o país em que você possui ativos, na verdade, por que colocar todos os seus ovos em uma cesta Certamente, todos os países vão desvalorizar competitivamente sua moeda até que algum evento faz com que eles parar de imprimir dinheiro e deval E eles também vão tentar impedir a riqueza de deixar o seu país, E os EUA vai bater todos os outros países sobre a cabeça com o poder financeiro e militar. Por outro lado, também é bom ter um monte de ouro perto de Você Ouro de armazenamento é uma questão complexa, e não parte deste tratado. Algumas moedas de ouro são 9999 ouro puro O único problema com isso é que o ouro puro é macio e pode ficar riscado em uso, mas quanto uso você realmente vai Fazer Quantas vezes você vai ter uma moeda de 1600 chutando em seu bolso.1 A US Eagle é de 22 quilates, tem 91 67 de ouro, 3 de prata, 5 33 copper.2 O US Buffalo é de 24 quilates, ou 99 99 puro Ouro, ele vai arranhar mais se isso é uma preocupação, e os prémios variam um pouco Para uma moeda de ouro puro, eu vou ir com um bordo canadense, que vende com muito menos premium.3 Maple canadense 24 quilates, ou 99 99 ouro, grande moeda, grande credibilidade, prêmio razoável sobre spot.4 O Krug, ou Krugerrand clássico da África do Sul Uma grande moeda com alguns dos prêmios mais baixos em moedas de ouro bem considerado O Krug é 22 quilates, 91 76 ouro o resto é de cobre, uma liga conhecida como Crown Gold Contém uma onça cheia de ouro though.5 Há outros, o Filarmônica austríaca e o Panda chinês Eu acho que o Panda parece bobo e não têm interesse em apoiar o mercado PM China. These são o prêmio mais baixo de todos os produtos de ouro 16 sobre spot é o melhor que eu vi nesta década, 30 premium é normal Comprar Sempre o bar 1 Ounce, bares maiores são para ego ou seriamente grandes carteiras mais de 10M. Austran Credit Suisse. Royal Canadian Mint, e the. Pamp Suisse são tudo que você precisa saber. Platinum e Palladium Coins. Why não diversificar um pouco, eu Comprou platina em novembro de 2012, quando um dos meus revendedores recomendados teve uma boa sessão de touro comigo e afirmou que eu gostaria de ser diversificada em um metal que é produzido em um país volátil como a África do Sul Na verdade, poucos dias depois, uma greve violenta atingiu um grande produtor Na África do Sul um Nd o metal aumentou O canadense Maple Platinum tem um prêmio razoavelmente baixo, é um valor de 50 face como uma moeda real do governo, worth ao redor 1700 no custo cunhado Um prêmio aproximadamente 60 por Bordo é normal Para o paládio, o prêmio é ao redor 30 por Bordo . Os PGM Platinum Group Metals não são metais monetários per se, então eles podem não ser tão utilizáveis em um cenário de Armageddon SHTF, no entanto, estou assumindo que após Armageddon, que alguma normalidade vai voltar na minha vida. Alguns sugeriram que a jóia é Um bom investimento, embora o valor de cunhagem de jóias muitas vezes leva o preço muito além do valor de fusão Eu don t comprar nesta jóia coisa, como provar a pureza poderia ser bastante problemático no futuro Existem métodos de teste de pureza, que envolve colocar ácidos Em seu ouro, e não parece haver necessidade de atravessar esta ponte. Há também testadores eletrônicos, que são brutalmente caros, e apenas tolo para se considerar, a menos que você fosse um grande negociante.24 karat millesimal fineness 999 al A maioria de ouro puro - Estes carat ponderação aplicam-se às moedas igualmente 22 carat millesimal finura 916 20 karat millesimal finura 833 18 karat millesimal finura 750 75 ouro puro 15 quilates millesimal finura 625 14 quilates millesimal finura 585 10 quilates millesimal fineness 417 41 7 ouro puro 9 quilates Millesimal fineness 375.Copper D em comprar t de cobre como uma especulação. Há empresas que vendem barras de cobre, com markups grande insano sobre o local Pessoalmente eu acho que esta é uma forma boba de especulação, especialmente tendo em conta as margens insano O estouro da bolha imobiliária chinesa Vai pressão de cobre por um longo tempo para vir Habitação é de 40 de todo o uso de cobre Em 3 por libra, em comparação com a prata em 480 por libra, e ouro em 25.000 por libra, os PM s são muito mais práticos Embora eu fiz sucata alguns 16 Painéis, e transformou o cobre em 2 moedas de ouro brilhantes agradáveis. Moedas de um centavo --- Eu não rolo acima de meus tostões, eu os coloquei nos vasos que começ realmente pesados Eu fiz um tipo representativo para pontapés, o 1909 a 1 982 centavos realmente valem 2 23 centavos no valor do derretimento, os centavos 1983 a atuais são realmente 95 zinco, 5 cobre e têm um valor de derretimento de 0 48 centavos. Eu comecei 819 gramas dos tostões em minha amostra.1983 e mais tarde era 615 gramas , 198 moedas de um centavo ou 75 1,1982 e anterior foi de 204 gramas, 65 moedas de um centavo ou 24 9 e um deles foi um wheaty acreditar ou não. Todo o material considerado como com direitos autorais, todos os direitos reservados. Links a este blog são, naturalmente, totalmente bem-vindos. Material pode ser levantada, desde que o crédito é dado a HawaiiTrading de alguma forma indelével. Este não é conselho de investimento Nós não somos conselheiros de investimento nem temos qualquer tipo de acreditação financeira Todas as suas decisões de investimento são realizadas exclusivamente por sua própria risk. This Não é um conselho de investimento. Eu criei este blog para registrar minhas observações pessoais, subjetivas sobre os mercados, exclusivamente para o meu entretenimento e que de leitores interessados e para promover a investigação Nada neste blog deve ser interpretado como aconselhamento financeiro ou uma oferta ou r Ecommendation para comprar ou vender qualquer segurança Eu encorajo qualquer pessoa interessada nos mercados para fazer sua própria lição de casa e ou consultar um conselheiro profissional Eu não sou um consultor financeiro certificado e ainda estou refinando meu sistema comercial Eu me reservo o direito de modificar ou parar de publicar aspectos de Meu sistema a qualquer momento Meu sistema resultou em levantamentos muito grandes em alguns negócios Últimos resultados backtested e em tempo real não são garantia de desempenho futuro Eu não será responsável por quaisquer perdas ou danos de qualquer tipo que resultem do conteúdo deste site Embora eu considere os dados, cálculos e informações neste blog para ser confiável, eu não posso fazer quaisquer garantias e não será responsabilizado ou responsável por qualquer coisa errada neste site Você é o único responsável pela implementação salvaguardas de seus dados e sistema quando você Usar este site e seu conteúdo e links Cabe ao usuário deste site e conteúdo proteger-se de worms, cavalos de tróia, vírus e outros como eu posso ho Ld posições em alguns dos títulos mencionados neste blog Nada neste BLOG ou documentos referenciados destina-se a ser consultoria de investimento Cada pessoa deve consultar um consultor de investimento de confiança e / ou consultor financeiro Todos os investimentos e negociação de risco, que no ambiente atual pode ser Extremamente substancial, especialmente se você usar instrumentos alavancados como 2X 3X, opções, ou futuros. Homework Trading em um meme. EURUSD Bullish, Faces Further. FXTechstrategy respondeu 19 de março de 2017 às 7 31 AM. Problema com Think ou Swim. Acstudio Respondeu 18 de março de 2017 em 9 40 PM. Como confiável é fibonacci. Acstudio respondeu 18 de março de 2017 em 9 21 PM. Why John Carter está acima de 98.Thierry Martin respondeu Mar 18, 2017 em 5 58 PM. How Lucro Aceleradores Cresceu . Thierry Martin respondeu 18 de março de 2017 em 5 58 PM. Tired de perder mesmo when. Thierry Martin respondeu Mar 18, 2017 em 5 58 PM. What são bons estoques para comprar agora. Bruce Wright respondeu 18 de março de 2017 em 2 47.Breakout e Gap Stocks. StockIdeas respondeu 18 de março de 2017 às 12 09. Sábado links salmão prices. Longform links técnico gear. James Altucher.8 Razões para Daytrade. Everyone não quer ser um daytrader Deixe-me dizer-lhe os melhores dias Você entrar em 9 25am Você faz o O comércio seu sistema diz-lhe para fazer em 9 30 E por 9 45, o comércio é feito, rentável, e você está feito para o dia 1800 mais rica e feliz com isso Ainda melhor são as histórias de pessoas que tiraram 3000 fora de seu cartão de crédito E 18 meses depois eu tinha 25.351.011 45 no banco. O primeiro dia eu decidi que eu ia ser um daytrader em tempo integral, em 18 de maio de 2001, eu estava tão animado que eu não podia dormir à noite Foi inacreditável para mim quanto dinheiro Eu estava indo para fazer. Mas é tudo uma mentira para si mesmo eu ainda ocasionalmente daytrade E eu ve daytraded para outras pessoas que eu daytraded para fundos de hedge e para firmas comerciais de prop. Antes de começar daytrading, um veterano que tinha gasto 40 Anos no negócio me disse, Don t fazê-lo Por que você quer se envolver com essas pessoas Mas Eu queria ser aquelas pessoas que eu era um deles Eu era um TRADER. Don t fazê-lo Aqui está why. At em algum ponto você vai se sentir suicida Isso não significa que você perdeu todo o seu dinheiro Você pode estar tendo sua pior semana em 2 ou 3 semanas. Mas por qualquer motivo que você comprou quando você deve ve vendido e que enviou a sua cabeça girando e agora você precisa ser falado fora da borda. Eu conversei muitas pessoas fora da borda nos últimos 10 anos e tinha que ser Falou algumas vezes a mim mesmo Não é um sentimento agradável Por que fazer isso para si mesmo. Você vai comer demais. Por que não Você apenas colocar no comércio e no segundo que você fez foi contra você Então você colocar mais e foi contra você mais Então agora você está olhando para ele e você está se sentindo mal Seu corpo precisa se sentir bem. Seu corpo é muito curto prazo em seu pensamento Seu dizendo, você fez algo que me fez sentir tão mal agora Eu preciso de um donut Eu sei que vai Balance o sentimento ruim então vá fazê-lo Hurry Então você come um doughnut. O comércio vai contra você mais Parafuso-lo, você come mais 5 Donuts Sete Sete Eu estou ficando doente, mesmo escrevendo este Oito Nove E assim por diante. Seus olhos vão mal. Imagine que você tem duas telas na frente de você e milhares de números e eles estão todos piscando e mudando de verde para vermelho para verde. Olhando para esses números por milhares de horas ao longo dos anos eu não consigo ler livros perto de mim mais As letras se derretem juntas e parecem um caleidoscópio. Eu tenho que tirar meus óculos para lê-los Embora, isso é tão ruim Talvez Eu não vou precisar de óculos mais. A vida social. Você realmente acha que perder 500.000 do dinheiro do seu cliente em um dia vai fazer você uma pessoa feliz, chipper quando você sair com seus amigos naquela noite. Uma pessoa me disse , Brinque com seus filhos As crianças sempre fazem você feliz Que diabos Eu realmente quero ouvir um jabber de quatro anos sobre algo quando eu tenho dinheiro na linha Esqueça it. Blood pressure. When tenho um comércio ir contra mim, Eu posso sentar lá e sentir o sangue bombeando através de todo o meu bo Dy Eu posso sentir meu heartbeat. That pôde parecer como um superpower mas isn t Se você ouve cada único pulso que vai tudo através de seu corpo então algo muito mau está acontecendo. Nothing produtivo. Meu maior pesar na vida é as horas que eu passei prestar atenção a comércios when I could ve been making a website business or starting some other kind of business that could ve actually been helpful to people Like a doughnut store. Who am I helping by trying to snatch a few thousand dollars out of the market every day If anything, its like I m trying to pick someone s pocket the unfortunate, overeating, suicidal, bastard on the other side of my trade. When you sit there and trade every day you re not networking with friends or other professionals You re not learning anything new about the world or business. Every second you sit there watching a trade you are removing yourself further and further from any notion of a career since daytrading is not a career You are closer to being an inmate in a mental institution and not a functioning member of society that your kids can be proud of. Its impossible. I know some very good daytraders In the long run it is possible to make money daytrading But it s hard and it takes years to build the psychology Every good daytrader I know suffers from all of the above. You have to be extremely humble, have no delusions of grandeur when it comes to your market opinions, take losses as quickly as possible, and not get discouraged Alas, in the long run, I have none of these qualities And neither do you. See also, Who Really Makes Money on Wall Street. Good post, spoken from someone that has been in the trenches Even when you have a system to take away as much of the emotional rollcoaster as possible it is still there Systems can only take away the emotion from buying and selling We still have to deal with the portfolio ups downs And man, it takes years to get smart enough to realize you ll still always feel those. Oh, and loved the pick pocket quote so true. ROFL this is a fantastic piece i can sympathize with the added weight there. gotta say i don t agree with anything in the post i daytraded in the glory days of the last bull market in 2007 the profits piled up didn t need options or going short, though i have since learned those are valuable tools in bear markets daytrading is the ultimate challenge it s a game about winning strategizing taking what is there for the picking it requires intense concentration, lots of research desire i guess - you either have the passion for the market, or you don t If you have the passion - you perfect your art or maybe you just keep working, learning, trial by error its great for people who like working for themselves, calling their own shots, accepting responsibility for gains losses, ultimate success or failure gotta keep the negative self-talk to a minimum of course, maybe keep healthier snacks than doughnuts at hand. It is not true that day trading or whatever other style of trading is unproductive Traders are the lifeblood of capitalism no traders, no financial markets, no trillions of dollars of money available in the society for building business and improve our civilization and allocate capital in the best directions. Hi, good post and I agree for some parts but not everything I have spent 12 yeas in the corporate finance world and volontary quit 3 years to be a daytrader I trade futures and small caps and I love it It fits my personality ang I don t have to loose my time in stupid meetings but I must say that most people will loose money trading 95 You have a nice website and you write smart articles Cheers Francois, Canada. Mike Taylor, you have a great blog at I enjoy reading it And yes, you re right Systems mean nothing and the psychology takes years to develop. Pier, you might be right about it being the lifeblood But I m not sure who is doing the bleeding. Francois, I do agree that it beats doing a corporate job Once you leave the corporate world and discover that most of the world doesn t sit in conference rooms all day, you can never go back. I was there, but learned that I can t do it full time, so now I have a business and just put on some trades here and there, I run a business first, my Insurance agency and trade secondary, but I love it and hope I can do it for the rest of my life. David, thats the way I do it When I see a trade where I feel there is an edge, I make it but now I focus more on other parts of my business. HI, MY NAME IS ROGER AND I M FROM THE BIG STATE OF TEXAS I DID NOT WANT TO BE A DAYTRADER BUT IN 2007 I PUT MY ENTIRE LIFE SAVINGS OF 10,000 DOLLARS ON SIRIUS STOCK NOT KNOWING NOTHING TO SAY THE LEAST I LOST EVERYTHING ALMOST INSTEAD OF HANGING ON LIKE I SHOULD OF I SOLD WHEN I SHOULD OF HELD THAN I WENT AND HOCKED EVERTHING I OWNED INCLUDING MY MOM S DOUBLEWIDE TRAILER HOUSE AND STARTED SHORTING SIRIUS STOCK NOW MEL K CEO OF SIRIUS HAS TURNED THE COMPANY AROUND AND THEY ARE MAKING HUGE PROFITS, AND I M HOMELESS. but I must say that most people will loose money trading 95 You have a nice website and you write smart articles. Never a more true word spoken Losing is secondary, to THE second guess IMHO, YOU have the GUT, you KNOW how it will KNOW you will win it. And YOU do not make the trade for whatever reason. Sure enough, it HITS, you were dead on, and lost a lot of, because for WHATEVER reason, you did not pull a trigger that the GUT said DO IT. To me, THOSE moments were worse than losing money. Luckily I had some sanity, I set aside X dollars, said, win, draw, lose I QUIT when it s gone. It s like Vegas, a beckoning siren. Now when the HFT s are running the screens in nano secs, and the Fed are pushing the Mkt, you realize, the Mkt as we knew it is GONE. RodgerDoger - it s stories like yours that give daytrading a bad rap. Hey James I found your article intriguing You are a person I respect in the stock market I just want to point this out regarding your daytrading article you say is basically true However, it s always been this way with daytrading I never see an article against daytrading when the market is down it s only during the bull runs like we have had over the last 8 weeks that I see anti-daytrading articles. I think it s important to point out that yes, likely 90 of daytraders or active traders fail However, I would like to also point out that the same is true for buy and holders of them anyway I don t know many successfull investors either Or at least those that are honest about it. If you are a trader either you gotta love it or you gotta leave it I love my job forward to it everyday I trade whenever I feel like it As a trader, I control my own destiny I am my own boss Not everyone can do it, because not many grasp the mental aspect or psychology that comes with loss. Anyways, if someone daytrades, invests, or swing trades luck out there, because the market is not easy ever Only the really humble survive and not many are humble in this business. JohnWelsh, I agree with you If you look over the past 50 years there s basically been only two approaches that have consistently made money in the millions or billions. A The Buffett Gates approach of holding a concentrated portfolio one company, for instance forever B The complete opposite extreme The Goldman Sachs approach of making thousands of trades at high frequency every second. The 99 9 of the guys in the middle pretty consistently lose money. Senor Rodger, why you no tell everybody you live in my basement after you lose your money with the daytrading You no tell everybody the full story how I give you tacos from my store. James, I ve been reading and enjoying your writings for years Good stuff and I hope you keep writing With respect to this article, You raise some valid points but I don t agree with you telling people not to try something they believe may bring them financial success How different is trading from any other job that doesn t guarantee a salary Like a commissioned sa les person or someone starting a new business The majority of folks who go into Sales fail as well or burnout since they are only as good as their last sale or sales quarter I m also not talking only about low end no degree needed sales jobs but sales reps for global company s as well Many entrepreneur s put years of effort into something to only fail miserably as well These types of jobs are not for everyone but those that try and succeed reap huge satisfaction rewards. I worked in corp fortune 100 sales for most of my life and I trade now for a living as well and I can tell you that a lot of the problems that you mention that arise from daytrading happens in other lines of work as well I know Sales ex-sales people from big nasdaq traded company s that are on anti-depressants or are overweight from stress eating Many have no social lives or are divorced already simply because they are working 15 hour days trying to hit their goal for the qtr so they won t get fired I also know many pro grammers, Engs and Cube droids who complain of bad eyesight weight gain from sitting in front of a computer all day long so these effects are not limited to daytraders. Anyway, My point here is that if you want financial or working freedom unless you were born into it you will have to at some point take on risk So I would never discourage people to at least try if they want If you get your ass kicked picked yourself up shake off the dust and go do something else or go use what you learned try again It s not tragic to have tried at something and failed but to have never tried certainly is. Treat trading as any other busines Have a business plan, keep track of your records, have a pic or video of your trades Have week meetings to review Have discipline and perseverance and do it The only difference with other business is that you are by yourself 100 Psicology is important, needs to be part of your plan Please do not justify failure with other reasons to say that trading is impossible is ch allenging maybe respectfully is just not for you. Jesus You act like day-trading and swing trading are completely different things Get a grasp of scaling and sticking to your stops and anyone can become a trader Day-trading, really, should only be a tool to your swing-trading Day-trading brings pennies whereas swing-trading brings the big monies. If at this point you are still nail-biting over your trades, it s time to get ahold of some trader s psychology books Get yourself together man And that hair. Sorry, but the entire article reads like someone who has blown up their account, and wants to make sure no-one else even tries. All the reasons that you list read like the litany of someone trading without a defined edge, no real money management and using pure emotion to enter and exit trades. I don t buy the portfolio swings argument either If your edge works, what do you care about a lousy loss If you know your profit to loss ratio is covering it, who cares You did test your method, right. So the eight reasons fully interpreted would be.1 Suicide yep, if you are taking swings at the market with no discipline and doing things just to show it who s boss, you re going to be feeling like a downtrodden fool The inverse is someone who knows the edge they are trading, and can take a loss as easily as they close out profitable trades.2 Overeating Compensating for a lack of plan, you treat yourself I guess people who don t actually craft a plan do this, but not the traders I know.3 Eyes go bad This makes no sense at all Either you have a bad prescription or there is something going wrong with you internally Every person I know that screen trades needs to take breaks from focusing on the screen, but so does every other cubicle monkey in the corporate world Learn your limits, and work around them.4 Social Life Markets close, trades exit and you can have a life outside of trading Lots of people do, I don t know why this hypothetical case of self-imposed hermit behavior would apply O h, of course if you took on a big position just to Show the market who s boss , well you reaped the reward of being a random fool, not a true trader.5 Blood pressure Yeah, there s this thing called knowing your risk Even if you have a system that requires you to take 10 losses for every winner, but you know that winner will recoup your loss that is an edge you can use If you have your whole body raging at you, you re losing your hair and you are developing ulcers, you don t have a trading plan Stop, exit your trades and get something that works Once you have it, understand your risk and even automate you strategy if you feel you can t handle it psychologically Remove the potential failure modes from your trading plan.6 Nothing Productive I don t get the guilt about trading You are doing something Just because you aren t out in the field plowing furrows and planting corn, doesn t mean the digital transactions you are executing don t have trickle-down and immediate effects Your winning d ay translates to money spent on other services, which in turn makes the wheels of the economy go around If you have this much of a hang-up about making money, I suggest you go to volunteer organization and leave trading behind It could be the root of your hatred and self-loathing of losses has way more to do with your relationship with cash, not daytrading.7 No Career You re self-employed as a trader That is a career Sure, it isn t the usual yes-boss-right-away-sir kind of cubical job that 90 of the world has, but it is a career Again, if it really is hard for you to think of it as something serious and productive, there are way deeper issues you need to address.8 Its Impossible spoken like someone destined to fail If you have no plan, you have no business trading If you have no edge, you have no business trading If you can t execute your trading plan, you have no business trading The issue isn t with daytrading, it is with your approach and willingness to follow through Winners aren t magically made, they put in the effort and time to master the challenge. In your summary, I see you allude to all this don t have your ego invested in what you re doing, take your losses fast and avoid psychological pitfalls But seriously, even if you don t have the daytrading mindset it doesn t mean the rest of us don t. nail in the head but thanks to Jimmy for starting this conversation and for being honest about his feelings i am a day trader and I did have similar thoughts like Jimmy at some point in the past. Trading is 80 emotional and psychological, the rest is technique I think those interested in trading will learn more about how to trade in a consistent, profitable manner by going to yoga or by meditating, than by reading all horse-sh t How To Trade Like books. Great post Everything on your list is 100 correct However, every single one of them can be eliminated or vastly improved upon, especially since the majority of them are emotional based problems No career, social life, an d productivity are nothing more than personal perception Life is what you make of it There are plenty of people who think they have all three, but in reality don t understand the value of life. Deliberate practice is IMO the backbone of every successful person in the world who engages in something that requires talent and skill If you were to interview the successful traders you know they would all share the same x factor - the DRIVE to become great. The 10 of people who make it trading any type bust their butt to do so They focus on their weaknesses and improve upon them The 90 who fail simply lack the drive to become great The million dollar question is where does the drive come from I personally think it s an accumulation of experiences For example an unknown experience when you were 6 may have unlocked your interest in entrepreneurship Then in your teens something triggered an interest in computers Finally in your 20 s something triggered the drive to do something great in the intern et business The drive that made you great at website building doesn t exist within me. The best people in any field are those who devote the most hours to what the researchers call deliberate practice It s activity that s explicitly intended to improve performance, that reaches for objectives just beyond one s level of competence, provides feedback on results and involves high levels of repetition. For example Simply hitting a bucket of balls is not deliberate practice, which is why most golfers don t get better Hitting an eight-iron 300 times with a goal of leaving the ball within 20 feet of the pin 80 percent of the time, continually observing results and making appropriate adjustments, and doing that for hours every day that s deliberate practice. Agree with everything TraderTim said. If everyone had this mindset, we wouldn t have 99 of the innovations we have today How many inventors were told, It s impossible. No one would be doing anything remarkable in this world with that kind of at titude, and to ego up and say that since you don t have those qualities, the reader here doesn t either, really kind of makes me giggle. There is a lot of emotional pitfalls in trading but like TraderTim said, having a method and using techniques that you have honed over time whether that be from paper trading initially, to trading small lots, to finally swinging big trades you can avoid these pitfalls and have faith in your abilities. Obviously, if you fall victim to half of the things listed in this article, you might as well go sit at the craps table, because it s like the writer here just typed in a few ticker symbols and bought sold when he felt it was time. Just curious why everyone subscribes to the meme that 95 lose money That meme showed up during the SOES bubble and everyone repeats it rote as if it were the holy grail Some scientific testing should be done with this hypothesis, and it shouldn t be repeated until it s either proven or disproven Same thing with the statement that the 99 9 in the middle lose That should be tested also. As far as daytrading, I agree with you somewhat with the bid ask, the market friction, the vig, and mistakes willkill you That being said, I spent many, many years in the pit and made a very tidy sum scalping That being said, these days, my trades these days are primarily huge grain spreads that can be on for months and months. So where does the money come from Mr Daytrader A whole lot of other traders think their money is going to come from you Somebody is seriously mistaken in their assessment of their prospects It s a zero sum where your sum goes to zero. Your post itself is glib and cartoonish, but most of the comments here are worth the read, making my stay at this thread productive despite the inanity of your writing Never liked your stuff and apparently, I still don t was lured here by a twitter comment regarding the recent flood of anti-daytrading articles What you said about eye trouble is just pathetic Really Get an editor , someone with a science background preferably. Linda Rachke would laugh all the way to the bank after reading the comment of this looser. Adding to the loosing trade and eating doughnuts is gross So if you loose 500K in one day, how many doughnuts is that one doughnut per 1K, or one doughnut per 10K Let s say that s one doughnut per 10K of loss Man, eating 50 doughnuts a day put s you in a SUMO-wrestler category of trader Sorry, but I can not take this article seriously. It s been fun to read the updated comments all week-end James i think you achieved your objective with your original post, if you were trying to bring out people s emotional response to your put-down of their passionate pursuit By evoking outlandish, stereotypical caricatures, you enabled traders to bring their own strong opinions to the table Bravo Your portrait is of a newbie - dumb money coming into the fray at the top of a bull market Traders will continue to pour their energy effort into their craft, because at the bottom of it all, at the end of the day, the primal chase for riches for the thrill of winning is what drives traders in my opinion, each successful trader spends a lifetime honing their skills this is a pursuit where perfection is always elusive, change is the only constant, nobody has all the right answers all the time. NEVER invest money you can t afford to lose Never invest the whole amount at once, that is called greed you will hit it big It s been tried before Some will luck out, as some do in slot machines but the odds are against you Your only hope Roger , is to try to come up with enough money to try to recoup your losses with GOOD stocks Get a 2nd job if you have to your young enough that you have a 2nd chance The markets bottomed out a couple years ago, and that it when I decided to take the gamble, remembering Warren Buffetts words Buy when everyone else is selling This time, I bought good stocks F, EMC, FLEX, yes I took a gamble and bought SIRI, but not after doing some ser ious DD also bought other stocks that have now been at a profit, I doubled my with F, and kept trying to buy low priced, but good stocks right now, I am close to 80 profit on SIRI and going long I hope you can recoup some of your losses, if not all There is NOTHING more discouraging for lack of a better word , than to lose a large amount of money I know, I ve been there, but I have been fortunate enough to have re-invested with IRA s and bank accounts, and borderline divorce papers A good lesson learn was next time, don t be too hasty in buying stocks, especially penny stocks Odds are you will be better off buying better stocks, at slightly higher prices this time, my timing was good got into F at just over a buck a share, dumped when it doubled, sold most of the others at a profit, and narrowed down my holdings to just a few 6 namely FLEX, SIRI, EMC, CVTI, COHU ERES I still have one long shot, that may sting me, or make a turnaround Hopefully, the turnaround in the markets since Jan 200 9 will continue Hope all your moves are profitable ones. Interesting article and comments. I agree with most of what Trader Tim says, except the points James makes about the societal utility of the daytrader I think it s a hallow rationale to say that daytrading makes you a part of society because you pay taxes on your gains and then spend your money to stimulate the economy That s great, but that doesn t really speak to the relevence of what you are actually doing to earn the money Anyone with a profession that makes them part of real society could also claim the same things, that they pay taxes and spend money Then there s the classic providing liquidity rationale Does anyone start daytrading with the goal that they are going to provide liquidity That s like saying that being a breathing human benefits the world s plantlife, because you are exhaling carbon dioxide used for photosynthesis. In reality, at it s best, daytrading for a living is no different than being a pro poker player alt hough some could argue they are in the entertainment business You are just trying to get odds in your favor, and using sound money management I have nothing against this, but please stop kidding yourselves with these weak defenses on why your relevent or necessary Just admit that you are looking to make money, and that s it. There are plenty of people who enter professions for money as well, including doctors and engineers Take away half the pay and 90 of them will disappear. I trade for the money I don t have any illusions about it But I will not feel bad about it either, nor let anyone try to make me feel bad. thank you for this article The easy gains over the last month have stirred my day trading desires, but reading this reminded me that boring is better in the longer run I have 10K to play with stocks, but no more than that That gives me my fix without destroying my finances and consuming my 10-4. Andy, start to think of better ways you can enjoy that money Can you buy a camera and editing equipment and learn how to be a photographer I m not suggesting that specifically but thats one example of how you can take 10k and better your life and even return a multiple on the 10k rather than just wasting it staring at a computer screen while trading. Here s just one more reason not to be a daytrader This guy was my next door neighbor and schoolmate when I was a kid Here s a link to news about him now, check it out. I tend to agree that while you can make money as a day trader, my experience so far is that if I would have left my good picks alone 80 of my stocks , I would be up big time For example, I had 400 shares of AAPL at 60 00 If I would not have traded as soon as it went down on some bad news, I would have rode it to over 200 points assuming I would have kept my head It is true that AAPL dropped back down to 60 00 during the downturn around 2009, it quickly recovered and is now at re talking 100,000 00 without me having to have ever logged back on my computer This applies to many other winners that I traded in out of including IMAX 7 00 now 23 00 , MVL 17 00 now at 50 00 , NS 52 00 now at 64 00 with a 7 dividend Bottom line, buy companies you believe in that make money and leave them alone Dividends can make a huge difference over time when you allow them to work for you and buyback more stock I have a relative that bought 100 shares of BA years ago and they now own 900 shares and did absolutely nothing. James, Great writing on day trading Loved it David. I wish I d read this article before leaving my career in late 2008 so that I could trade stocks and make money on the downside , and I also wish that if I d read it back then, that I d have been wise enough to recognize it as true, take it to heart and act accordingly. I started day trading over 1 5 years ago out of necessity because savings interest rates and my pay check suck My first year out, I made a 20 retur n This year up till May 6th Flash Crash, my portfolio was up 43 for which I lost all my profits Since, I ve managed to make back a 20 return It s been a tough struggle trying to hold onto profits in this manic depressant market Did I make mistakes, spent a few nights worrying and could have done it better Yes The lessons learned are as follows Do one hour of homework for every stock owned eliminate greed and emotions continual work in progress buy stocks thinking about what you re willing to lose don t go all-in keep cash reserves have a goal for your profit and use good tools to make informed decisions, such as Yahoo Finance, Investor s Business Daily, CNBC, ShareBuilder, etc What a crazy ride it s been. Someone mentioned that day trading is no different from sales or starting your own business You re taking risk to make a profit. I think the difference is that most jobs provide a service doctors, police or create things engineering, farming. Day trading is probably the only job next t o a small time gambler that neither provides a service nor creates anything. have you tried drinking it doesnt stop the voices but it makes them happier. Dont entirely agree that there are only 2 ways to consistently make big money in the market Trend followers have also pulled billions out of the markets over the years and William J O Neil turned a few thousand into an estimated 2 billion trend following fundamental stocks compunding over 40 p a since the 60 s-about twice that of Buffett without running a fund and even with significant funds in money market or bond accounts Wihtout any help from TARP or the FED. James has been there for many years and raises important questions The vehement reaction from many traders here speaks for itself in terms of how passionate many can be about this PROFESSION The last word is particularly important it is just arrogant corporate-speak to argue that trading is no career or that there is nothing productive in it Having been in a long corporate career in banks and hedge funds before, I have had the privilege of seeing both sides of the fence So, by what standards are the notorious corporate meetings, procedural routines and set of rituals more productive for society than somebody who risks capital on an ongoing basis Do we define productive as having legions of highly expensive executive corporals to execute all these routines and then hire outside consultants to figure out mission and values Because if that is all there is to productivity, the army would also make an excellent candidate and after all, the standard top-down Westpoint culture still seems to be by far the dominant reference model for organizations As far as added value to society, don t we have enough corporate horror stories in this decade to question the standard politically-correct get a job in a large and solid firm clich The problem that James and many in society seems to have with trading is rather that risk-taking is one of the basic forms of freedoms and as su ch is associated with responsibility Many simply have a problem with the notion of thousands of individuals who cannot be easily controlled and who by the way can vote with their capital every day on what government does Sure, it would be far simpler to have society organized with just proper corporate types in respectable and controllable jobs, we have already seen this movie in Eastern Europe for some 70 years But the basic issue remains who takes risk While it is possible that the current societal crusade against risk-taking in major Western countries might be successful , the flow of capital towards emerging markets that are not held hostage of academics, politicians and lawyers is a fact that speaks for itself The consequences in terms of jobs and opportunity will not be far behind. All that said, professional traders know full well how extreme the application of Pareto s law is in the business It is said that there are many bold traders, some old traders and very few old bold trad ers Just surviving in this industry will put to the test even the most passionate trader Yes, probabilities are stacked against one, but this does not mean that it is impossible. So your argument is that one might as well just be a trader, since it s not possible to add value to society anyway Ah, ok Maybe expand your range of thought slightly How about being a teacher, doctor, or engineer Build something or provide a useful service And that people are just angry that they can t have control over traders because they are martars for going out and risking their own money every day That s hilarious You seem to confuse taking risk with adding value You re taking risk, sure, but both the downside and upside of that only effect you As opposed to say, a fireman, who takes risk to benefit someone else Trading is a closed system You are taking more from society than giving back to it by benefitting from the productivity of others while not bringing anything back to the table I m not saying that no one should ever trade Go ahead and trade, you have a right to do what you want just admit that you aren t a part of real society, and on balance, subtract value from the system Seeing the answers from some people above makes me think this even more, based on how weak the rationales are I was hoping someone could really form a stronger argument. As I wrote above, traders help correctly price assets Why is this important. Take a look at AXPW extremely promising battery technology on the cusp of major design wins It could help reduce energy needs and all that good stuff But they had to raise capital in 2009 and again in 2012 by selling stock at about HALF their current stock price Why, because the lack of traders meant that whoever invested big in this company was stuck Thus they demanded a steep discount Wouldn t it be nice if the company could have raised money at a premium instead, and help this technology change the world. I agree with every point except the last I ve been day tradin g for 11 years and have averaged close to one million in profits per year The problem is I can t find a career that I like and pays at least 1 4 as much Until then I ll have to stick to with my suicidal, unproductive, obese hermit lifestyle. Sorry, I have more important issues than picking arguments Nowhere did I ever state that trading is the ONLY profession that adds value to society, that would be plainly absurd The fact that you seem to have a real problem with trading, however, grants you no right to dispute others chosen path, be it trading or anything else, let alone insult them If insurers assume risks and get paid for it, does anybody argue that on balance they subtract value from the system So, if traders assume risks that others shed and bring liquidity and diversity of opinion and, by the way, a mechanism to keep politicians fantasies in check to the table, why should it be any different Or does it add more value to society to have Fed - and taxpayer-bankrolled risks only. Jam es, I agree 100 with what you are saying Looking at the previous 48 responses, there are not many that agree with you or I However, this is a biased dataset those that tried daytrading and lost have moved on, and are not reading commenting on articles like this anymore Those commenting are most likely 1 daytrading companies, 2 those who are losing money but have not yet given up, 3 a few that may actually be making money, but at an unacceptable level of risk. I know what I am talking about I was in the trenches like you for 8 years, and have experienced every struggle you mention The first investing book I read said that out of 1000 option trading clients at my friends brokerage, not one ever made money consistently I went immediately into denial mode and tried for years to prove this statement wrong, with options, stocks, futures, you name it, but couldn t do it. I am currently trying to at least use what I learned in all those years, and will soon be completing my Phd in Finance Don t get discouraged by the responses, if you keep just one person from wasting several years and many thousands of dollars day trading, it will be worth it NOTE Not to say all investing is bad or that the subject of Finance is bad Because of our productive society, in the long run investing is a positive sum game But in the short run it is a zero sum game actually, less than zero, because of commissions, etc. PS I used to read your columns back in 2004, 2005, or so, and enjoyed your insight. i think some of what you said is true however, most of it exemplifies opportunity cost any job, or bread making activity if you wish, has pluses and minuses daytrading is a liberal occupation like a dentist, let s say it is what you make of it you can choose to meet people from the market, manage money for others as well, or just keep to yourself the key word is freedom some just don t know what to do with it the daytrading s sole purpose is to make money for the individual thus, the direct benefits for society are limited i do believe that the overall effect of daytraders across the world is large, and probably positive a single daytrader is not important, but think of us as a swarm of bees let s not forget the indirect effect of daytrading money that money will be spent in many creative ways by an overemotional and mentally overworked trader. marc, 95 of traders dont make money its not easy, its a very competitive sport in failure lies success i agree that people need to be aware of the difficulty of making money by trading medium and long term trading, just as difficult, if not more so than daytrading but i don t agree that people should be prevented from trying to trade each to his her own daytrading is zero sum game for whom how can trading be negative sum game in the short term, then become positive after a certain time isn t the long term made of short terms. Every second you sit there watching a trade you are removing yourself further and further from any notion of a career sinc e daytrading is not a career. I would gladly give back all the money I made day trading for the hours wasted watching a ticker Granted, since the money I lost on every fifth trade ate the profits of the 3 of the 4 prior, my net gain was not a huge sum of money, but it would be a huge amount of time wasted that I would recoup. Honestly this sounds like a post from some one who tried day trading and crashed and burned and is a little bit bitter about it I know many people most of them close family friends who day trade and make a substantial living from it Through perseverance and dedication they made it work for them, so much so that they were able to retire early than most and thus able to have more time for family and friends You mentioned suicide, the only reason anyone would consider this is because they relied on day trading as a last resort so to speak Anybody doing this is going to get bitten, but for those that have made it their career, have weighed the pros and cons, obviously h ave got a balance of them in place to the extent that they are confident to do it for the rest of their lives Suicide is a strong word to throw around and if it ever gets like that for you then obviously you re in the wrong proffesion. As for overeating, that is just complete rubbish, who is to say that every single day trader is obese, this is a major generalisation and one that I think is stated with absolutely no evidence apart from your own maybe, but that s you and maybe you should take up gym or a sport to speak of. As for your eyes going bad, there is some sense in that, seeing as staring at computer screens has been scrutinised by scientists and the sort for a long time now but there are methods to prevent this and if you are serious about day trading and understand that staring at a computer screen for multiple hours is necessary, then you would take this into account and put forward remedies to help with the strain on your eyes. Social life is social life, business life is busin ess life, and if you can t separate the two then you aren t cut out for this field Trading must be seen as a business If losing 500,000 or so of a clients money will deter you from having a normal social life then trading isn t for you In anycase, if you were hired to increase the net worth of other people then you should be able to handle if not prevent a 500,000 dollar loss, because let s face it, people wouldn t hire you otherwise. A hightened blood pressure is different for each person If you can feel blood pumping through your entire body then obviously you have taken a trade that you do not know how to handle or control, it should be unemotional, like I ve said before, it should be seen as a business and nothing personal, and all business decisions should be executed with confidence and substantial evidence and backing to do so If you feel your blood pumping through your entire body with a losing trade, then you have the wrong mindset. With regards to the unfortunate, overeating, s uicidal, bastard on the other side of your trade that comes with the teritory Every action has a reaction and if you are smart enough to capitalise on those opportunities that you can make a few thousand dollars off those people then so be it, they got in this game for the same reason you did, to make money, and you trying to help them is only going to be counterproductive I m no sadist, but trading is a game of intellect and research, and if yours is superior than another person then you definitley should not feel bad about it seeing as you ve put time and effort behind each of your trades You aren t gambling, each trade has been executed for a reason. With regrards to your statement of no career I couldn t agree less You say that one is removed from the world and I can not understand how you see this Take currency trading for example, in order for you to make the best trade possible, you have to take into account a number of factors, including technical and fundamental The canadian do llar is well renound for being a commodities currency seeing as it exports many commodities In order for you to make the best trade you can, you need to understand how commodities work which involves a huge aspect of the social and business sector Saying that there is no career in trading and it causes you to be a social recluse is completely short sighted. Impossible Really Tell that to the all the people I know that have succeded and lived happy and fulfilling lives from trading You even said it yourself, In the long run it is possible to make money daytrading , I m not quoting this to prove that in the long run you can make money, becuase I know that once a person has a set of rules and a solid strategy they can be successful I m quoting that because it goes against everything you mentioned in your post Why mention all these negative aspects of trading only to, at the end of your post, conclude that it is possible to make money. In conclusion, and this pissed me off the most, you do n ot know who I am or anybody else for that matter so please don t tell me what qualities I do and don t possess. This is so well written there is very little to add As a day trader your overall results are dependent on your research, backtesting, discipline in adhering to your system, and emotional detachment Of course there will be losses, but with a properly designed system you can take them in stride and look forward to the next trade. Of course there are valid systems that hold overnight but you are subject to a lot more uncontrolled variables including overnight gaps and overall market fluctuations I like being done at the end of the day, win or lose. agree especailly when he says things such as, i ve talked 10 people of the ledge and have been talked off myself paraphrase too lazy to lookup the exact words of that dumbass Well maybe ranting and raving about daytrading is his way of venting so he doesn t go off the ledge lol. I think the author was just trying to be funny not serious Y ou on the other hand are cumbersome boring and missed the point by say the entire Atlantic ocean In a word aaaaaaannnhhhhhh FAiL. If the author is trying to be humorous, then why has he so seriously thrown around the word suicide. what a garbage comment to be so high on the board here for so long you think this is a humor piece now you obviously have zero experience. If losing 500,000 or so of a clients money will deter you from having a normal social life then trading isn t for you. Nor is investing my money either. there is nothing glamorous about daytrading it is hard work it is humbling it is lonely I do it to become more financially independent and I am very cautious I make small trades all day long and bank the coin I don t spend it I want to be able to attain financial security not needing to throw caution to the wind for the big score since I won t risk capital I just want to make the money a bit faster than buying dividend payers or the slow large cap growth stocks I don t short, p lay options, or play breakout or momo i said I am CONSERVATIVE. my website all explained. For most investors, there really is only one way to make real life changing returns the Warren Buffett way. Daytrading is useless and long term unprofitable endeavor If you have to daytrade to make a living , you re standing on very shaking grounds. I have only heard of a handful of strict daytraders that were long term successful, and that was before the carnage of 2008.If you re successfully making less than 100k a year trading, it is better to take a job At least you get health insurance and pension Remember opportunity costs when you daytrade you re losing all the job benefits i e government jobs nowadays have lots of benefits Your wife and family and kids will respect you more for it Nobody likes a lazy bum that makes money from trying to take money from other people assuming you can successfully daytrade. Day trading is hard work Not physical work but mental work It takes nerves of steel and the ability to devote many hours to reading and analizing information You have to have a plan and stick to it Also you have to be very flexible in how you trade using options to not only protect but to make extra profits If you trade even part time you still will need to spend at least 6 hours a day reading This is not for those who scare easily or have emotional problems And the most important thing is that this is not a get rich quick way of making money. Ha ha what I have been saying all along, day traders are pathetic losers morons minus any education or a high school really need help should become a waiter, busboy cab driver etc. To that second comment in reply I ve seen a lot of day traders who ll be glad to tell the story about how they made 113k in 4 days or whatever Whoopee for them They don t brag about the time they lost 113k in 4 days though And don t forget Uncle Sam gets 1 3 of whatever profit you eke out. What I haven t ever seen is any day trader who is willing to open his acc ount to show me every transaction made over the last 10 years and let me calculate their after tax return on capital Wonder why that is. This is so true that I m also very suspicious of whatever profits people tell me about What counts is the net balance on your account. This is so true that I m also very suspicious of whatever profits people tell me about What counts is the net balance on your account. I know what you are talking about, I tried to daytrade as a profession for some month but had to discover that I am not able to make money with daytrading sometimes you think it works and you win 100 000 but you have to give it back over the next periods I assume there might be some guys who have success in daytrading Anyhow I am a fulltime professional trader but I changed to strategy trading ONLY I stopped loosing money daytrading This gives you more time to do something productive and increase your knowledge whille your strategy is trading for you But it was a long way to develop succes sfull strategies. wow i find it hard to believe that you traded for other people with such a lousy mindset i think this is good advice for a lot of people, but you should be fair and tell people they have to figure out a good strat AND have a proper mindset to beat daytrading if you gonna freak out about every loss, just dont do it. I added my view of the 8 reasons as well as 5 of my own. Great post James and equally great comments by readers Exactly what a blog should be Now how can a good writer benefit financially from good blogging not including ad revenue. I actually did that for a while I am a programmer with a Master in Software Engineering and a concentration in artificial intelligence I created evolutionary algorithms that fined tuned technical analysis signals to enter, exit and set limits on trades I trained the algorithms on years of data and tested training on other sets of data The algorithms worked great, but every time the algorithms lost money which was 4 out 5 trades when you included commissions I will loose faith in the algorithm that I developed and knew by heart and started just selling when I felt like it, which lead to staying in losing trades too long and selling wining trades to early After 6 months of this I was unhappy and thankfully even money wise I just went back to develop actual useful software. I tried it, what a pain I have been holding some trades for a day or two, some for a weeks, some a bit more some I will keep for years I do well enough to pay the bills, take the wife to dinner and put some away This way I can go on vacation when I want and don t feel like I m missing some million dollar deal. What about automated day trading Let a computer program trade your strategy for you so you can go do something else. People, people, people. Altucher is a smart, smartassed guy with a fairly well developed sense of his own weaknesses and strengths And he s I think a fairly entertaining writer. He specializes in making us think about stuff, in an area he obviously knows something about, by saying things that are a Funny, b Absurd, c Outrageous or d All of the above. When he sticks his tongue firmly in his cheek and writes one of his 10 reasons not to lists, he s merely passing on the idea that none of us should take ourselves too seriously, and we should never forget that failure IS an option in life. But as long as we keep our heads, we ll survive. The best reason not to daytrade is the random nature of the stock market You can t reliably predict random outcomes. No, it is not really random, the best reason not to daytrade is that it is worthless Traders have exactly the same value as professional poker players zero Even bankers are more useful to society As an investor, I loan money to companies which make a good product, these companies then use that money to hire more people, build infrastructure, make more good product, and make profits, of which I get a share So in some small way I contribute Also, I have three stocks that I have held for gains over 1500.Traders just gain lose money from to other traders, and breathe air that would more productively used by burger flippers at McD. Traders help the market find a close to correct price, so that bankers and investors can help companies raise money to do all that good stuff you say Otherwise, low liquidity, volatility, and lack of pricing metrics cause companies to get ripped off in capital raises Traders keep the market healthy and they are paid for their risk They might not be the most productive members of society but they are definitely not zero or negative unless they are manipulators. keyword self-destructive part of our human nature Irony is that once we train this tendency out from our trading, we still have it simply because we have the ego to think that being one of them means anything. I day trade, swing trade, and have long positions, in my opinion, thats the only sane way to do it, trading around your core positions which you hold long term Much of my day trading has been counter productive, the swing trades are better, and the long position the best, and thats after 9 years of slugging it out Day trading alone is foolish, find an undervalued asset, buy a core, and then trade around it. From my perspective, you need skin in the game to stay on top of things Trading every day is for poor people Think, if you had 10 million dollars, would you sit in front of a computer monitor all day trading in and out of shares just to make a thousand bucks To say there isn t great opportunities that happen in just a day would be silly talk, but if you are seeing mirages, you will over trade yourself into the cemetery Ride the coattails of the big money, you big dummy, and shit, sometimes it happens all in one day. If you had 10 mil though, the last thing you would want to be is flat at the market close each day Moves last weeks, months, years Why would you sabotage yourself. Now rename Daytrading word in this article to business word or concrete b usiness name In daytrading only 5 of traders are profitable The same statistics is anywhere 95 of businesses goes to bankruptcy. This is the best article about day trading I wish I had read it before starting day trading I think I would have never wasted so much of time and money There are no chances for common person to make money in day trading and even by investing in stock market At the end he would be s better to do something else rather predicting something that is manipulated. usually the problem is that day traders don t learn risk and money management and thus burn through capital and confidence before they ve had the chance to learn, Takes time, like any lucrative, competitive profession, you need to approach it like a business and ask answer all the questions you would if you were writing a business plan, discuss this issue at some length in my book, The Sensible Guide To Forex, because most newbie Forex traders attempt to daytrade currencies before they know enough or have be en profitable on practice accounts with predictably grisly results. James you definitely missed your calling buddy While I suspect you could make a living writing, you absolutely could be a comedian cause I m LMAO right now and this so long after the original post It s 50 50 all day everyday It s either going up or going down from where you pulled the trigger and it sure feels like losing most of the time but you gotta get out of those losers faster than you got in and let those winners run Good luck to all.100 truth this is a word to the wise don t do it. You sound like the market slapped you and you responded with it by being bitter Sorry for failing to be a consistently profitable trader As for me, it took me almost three years to get there Now I m enjoying the fruits of my labor. Latest Podcast Episode.
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