Forex Trading Lekser Meme

Alle handler i forex. Hvis du ønsker å se etter gratis, fullstendig FX System Strategy og Custom MT4 Indicator fra ITM Financial. Og legg merke til. I januar 2012 innfører MAS nye kriterier for leverandører av leveranseført FX, CFD og andre spesifiserte investeringsprodukter å vurdere egnetheten til sine produkter for sine kunder. Det nye kravet. Regulatorens nye Kunnskapsevaluering krever at klientene skal kunne svare Ja til noen av følgende spørsmål, en gang i året fra og med 2012.1 De siste tre årene, har du transaksjonert CFDs, forex eller andre OTC-derivater minst seks ganger.2 Har du et diplom eller høyere kvalifikasjon i et av følgende felt. Kontantskap Aktuarial Science Business Business Administration Bedriftsøkonomi Bedriftsøkonomi Capital Markets Commerce Computational Finance Økonomi Finans Finans Engineering Financial Planning Insurance.3 Har du bestått den Chartered Financial Analyst eksamen utført av CF Et institutt eller forening av Chartered Certified Accountants ACCA kvalifikasjon.4 De siste ti årene har du jobbet på et av følgende områder i tre påfølgende år. Kontantskap Aktuarial Science Utvikling, strukturering, ledelse, opplæring, salg, handel eller forskning og analyse av investeringsprodukter Finansiell risikostyring Treasury Tilvejebringelse av juridisk kompetanse i forhold til noen av de ovennevnte arbeidsområdene. Når det nye kravet trer i kraft, vil kunder som oppfyller noen av de ovennevnte kriteriene, kunne fortsette å handle som vanlig Dessverre vil nye søkere som ikke oppfyller noen av disse kriteriene, ikke være i stand til å handle med forex meglere i Singapore. Edited by M navnet 18 Apr 13, 3 46 PM.233 innlegg siden Jul 09.Originally posted by M the name. I heard at det er ett handelsnavn Patrick Teng, som er konsernsjef og sjefsforhandler av Six Capital Pte Ltd og tidligere Chef Dealer VP - Traasury of UBS, Tokyo Han hevdet at hvis noen trente under ham, de kan tjene amerikanske 4000-12000 per måned, det er ingen kapitalrisiko, og du kan handle med selskapets midler. Også interessert part kan tjene handelsavgifter som du lærer, og det er et omfattende 4 måneders deltidsopplæringsprogram med sponsorater Tilgjengelig for nyutdannede, student og arbeidsløse. Alle trener under ham før han ser ut til å være sant. Han ser på at han kan tjene penger. Han må betale peanøtter, men du får en andel av fortjenesten. Liao han vil få sin egen kakis liao lor. USD INR god sjanse til å selge nå, men klar til gjennomsnittlig ned selge paret.18.865 innlegg siden 10. mai. Pris tak og gulv. Pris tak Hvis prisen taket er over markedsprisen, da er det ingen direkte effekt Hvis prisloftet er satt under markedsprisen, oppstår det en mangel, vil den krevede mengden overstige den leverte mengden. Mangelen kan løses på mange måter. En måte er å kjøre folk må vente på linje for produkt , og bare de som er villige til å vente i kø for produktet, vil faktisk få det. Selgere kan kun gi produktet til familie og venner, eller de som er villige til å betale ekstra under bordet. En annen effekt kan være at selgere vil senke kvaliteten på den gode solgte Svarte markeder har en tendens til å bli opprettet av prislofter. Figur 3 6 Effekt av prisloft. Figur 3 6 illustrerer mangelen som oppstår når et prisloft pålegges leverandører. Forbrukerne krever QD mens Leverandørene bare er villige til å levere QS. Hvis prisloftet er sett over likevekten, vil forbrukerne kreve en mindre mengde enn leverandører produserer. Økonomisk effektivitet Black Vs Legal Markets Juridiske systemer gir ulike fordeler for økonomiske systemer. Økonomisk effektivitet kan sies å skje når en handling skaper flere fordeler enn kostnader. Juridiske systemer hjelper økonomisk systemer blir mer effektive ved å redusere risikoen for økonomideltakerne Risiko representerer en kostnad som må kompenseres av høyere kostnader. En ri Skatt redusert ved offentlig regulering er tyveri Regjeringen beskytter eiers eiendomsrett slik at de kan dra nytte av de eiendelene de eier og bruker dem på en effektiv og økonomisk måte Deltakere i et svart markedssystem står overfor stor risiko for tyveri i sine transaksjoner også som eksponering for andre former for vold. Forvaltninger gir ofte også et regelverk for produktsikkerhet I et marked som opererer innenfor et rettssystem, har kjøpere av narkotika en rimelig forventning om kvaliteten på stoffene og de forventede fordelene med narkotika Deltakere i et svart marked for narkotika vil ha ufullstendig informasjon om kvaliteten på narkotika kjøpt, og derfor er egnede beslutninger vanskeligere å gjøre. Prisgulv Når en prisgulv er satt, må et visst minimumsbeløp betales for en god eller tjeneste Hvis Prisgulv er under markedspris, ingen direkte effekt oppstår Hvis markedsprisen er lavere enn prisgulvet, vil et overskudd bli generert Mi Netto lønnslover er gode eksempler på prisgulv I mange stater har den amerikanske minimumslønnen ingen effekt, da markedslønnene for lavt kvalifiserte arbeidstakere er over minimumsrenten. I stater hvor minimumslønnen er over markedslønnsatsen , vil loven øke ledigheten for lavt kvalifiserte arbeidere. Selv om noen lavtkvalificerte arbeidstakere vil få høyere lønn, vil andre miste jobbene sine. Jeg har ikke vært handlet knapt i det hele tatt. Tenk at systemet blir fullstendig manipulert. Men det ser veldig ut lovende å ta en kort aksje posisjon en gang mellom nå og Inaguration. Det burde være en no brainer at de vil tanken markedet for å vise Trump som virkelig kontrollerer ting rundt her .------------- ------------------------------------------- Når det gjelder inflasjon, er regjeringens overspending 1T på et 3T-budsjett Det er det samme som penger på utskrift. Endelig vil det dukke opp. Se på hva som kan bli kuttet fra budsjettet, det legger til 2 5T over 10 år eller 25T årlig. Men underskuddet er 4 ti mes høyere, 1T Selv med massive kutt kan vi ikke komme nær et balansert budsjett. Vær oppmerksom på at disse er på Paul Ryan s agenda, Wisconsin kongressleder og Speaker of the House Noen av disse tingene jeg aldri har hørt om jeg tror at regjeringen burde støtte kunst og humaniora til en viss grad, men kanskje ikke til tune på 335 milliarder dollar per år. PAUL RYAN S FORSLAGTE BUDGETKUTTER. En liste over republikanske budsjettbesparelser. Notat SS og militæret er IKKE på denne listen. Dette er alle programmene som det nye republikanske huset har foreslått å kutte Les til slutten. Corporation for Public Broadcasting Subsidy 445 millioner årlige besparelser Spar America s Treasures Program 25 millioner årlige besparelser Internasjonalt fond for Irland 17 millioner årlige besparelser Legal Services Corporation 420 millioner årlige besparelser National Endowment for the Arts 167 5 millioner årlige besparelser National Endowment for Humanities 167 5 million årlige besparelser Hopp VI Program 250 millioner årlige besparelser Amtrak Subsidies 1 565 milliarder årlige besparelser Eliminer dupliserende utdanningsprogrammer HR 2274 i siste kongres, forfattet av Rep McKeon, eliminerer 68 med en besparelse på 1 3 milliarder årlig. US Trade Development Agency 55 millioner årlige besparelser Woodrow Wilson Center Subsidy 20 millioner årlige besparelser Kutt i halvfinansiering for kongressutskrift og bindende 47 millioner årlige besparelser John C Stennis Center Subsidy 430 000 årlige besparelser Fellesskapets utviklingsfond 4 5 milliarder årlige besparelser Heritage Area Grants and Statutory Aid 24 millioner årlige besparelser Cut Federal Travel Budget i Ha lf 7 5 milliarder årlige besparelser Trim Federal Vehicle Budsjett med 20 600 millioner årlige besparelser Essential Air Service 150 millioner årlige besparelser Teknologi Innovasjonsprogram 70 millioner årlige besparelser Produksjon Forlengelse Partnerskap MEP Program 125 millioner årlige besparelser Institutt for energi Tilskudd til stater for Weatherization 530 millioner årlig besparelser Beach Replenishment 95 millioner årlige besparelser New Starts Transit 2 milliarder årlige besparelser Exchange Programs for Alaska Innfødte, Native Hawaiians, og deres historiske handelspartnere i Massachusetts 9 millioner årlige besparelser Intercity og High Speed ​​Rail Grants 2 5 milliarder årlige besparelser Title X Family Planning 318 millioner årlige besparelser Appalachian Regional Commission 76 millioner årlige besparelser Økonomisk utviklingsadministrasjon 293 millioner årlig besparelse Programmer under nasjonal - og fellesskapsloven 1 15 milliarder årlig besparelse Anvendt forskning ved Institutt for energi 1 27 milliarder årlige besparelser Frihet CAR og Fuel Partnershi p 200 millioner årlige besparelser Energy Star Program 52 millioner årlige besparelser Økonomisk bistand til Egypt 250 millioner årlig for internasjonal utvikling 1 39 milliarder årlig besparelse Generell bistand til District of Columbia 210 millioner årlige besparelser Tilskudd til Washington Metropolitan Area Transit Authority 150 millioner årlige besparelser Presidential Campaign Fond 775 millioner besparelser over ti år Ingen finansiering for føderale kontorlokaler oppkjøp 864 millioner årlige besparelser Sluttforbud mot konkurransedyktig innkjøp av offentlige tjenester Opphev Davis-Bacon Act Mer enn 1 milliard årlig IRS Direct Deposit krever IRS å sette inn gebyrer for noen tjenester det tilbud som å behandle betalingsplaner for skattebetalere til statskassen i stedet for å la det forbli som en del av budsjettet 1 8 milliarder besparelser over ti år Krev innkreving av ubetalte avgifter av føderale ansatte 1 milliard totalt besparelser HVORDAN ER DETTE OM FORBUD Skattebetalers finansierte union aktiviteter av føderale ansatte 1 2 billio n besparelse over ti år Selg overskudd føderale eiendommer Regjeringen bruker ikke 15 milliarder totale besparelser Eliminere dødelønn for medlemmer av kongressen HVORDAN Eliminere Mohair-subsidier 1 million årlige besparelser Eliminer skatteyterstøtte til De forente nasjoners regjeringspanel om klimaendringer 12 5 millioner årlig besparelse WELL ISN T DET SPESIELLE Eliminer Market Access Program 200 millioner årlige besparelser USDA Sugar Program 14 millioner årlige besparelser Tilskudd til organisasjon for økonomisk samarbeid og utvikling OECD 93 millioner årlige besparelser Eliminere National Organic Certification Cost Share Program 56 2 millioner årlig besparelser Eliminere fond for Obamacare administrasjonskostnader 900 millioner besparelser Klar til å lære TV-program 27 millioner besparelser HUD Ph D Program underskudd reduksjon Check-off Act. Some har antydet at smykker er en god investering, selv om minting verdien av smykker ofte tar prisen langt utover smelteverdien jeg ikke kjøper inn i denne smykker tynn G, som å vise renheten, kan være ganske plagsom i fremtiden. Det er metoder for å teste renhet, som innebærer å sette syrer på gullet ditt, og det ser ut til at det ikke er nødvendig å krysse denne broen. Det er også elektroniske testere, som er brutalt dyre, og bare dumt å vurdere selv om du ikke var en stor forhandler. 24 karat millesimal finhet 999 nesten ren gull - Disse karatvektene gjelder også mynter 22 karat millesimal finhet 916 20 karat millesimal finhet 833 18 karat millesimal finhet 750 75 rent gull 15 karat millesimal finhet 625 14 karat millesimal finhet 585 10 karat millesimal finhet 417 41 7 ren gull 9 karat millesimal finhet 375.Copper D på t kjøpe kobber som spekulasjon. Det er selskaper som selger kobber barer, med vanvittige store markeringer over stedet Personlig tror jeg dette er en dum form av spekulasjoner, spesielt gitt de vanvittige markupene. Bursting av den kinesiske bolighuset vil presse kobber i lang tid framover. Bolig er 40 av alle copp er bruk på 3 per pund, sammenlignet med sølv på 480 per pund, og gull på 25 000 per pund, er disse PM s mye mer praktiske Selv om jeg skrapte rundt 16 solcellepaneler, og slått kobberet i 2 fine skinnende gullmynter. Koperen pennies --- Jeg kan ikke rulle opp mine pennies, jeg legger dem i vaser som blir veldig tunge. Jeg gjorde en representant for spark, pennene fra 1909 til 1982 er faktisk verdt 2 23 cent i smelteverdien, 1983 til nåværende pennies er faktisk 95 sink, 5 kobber og har en smelteverdi på 0 48 cents. I fikk 819 gram pennies i min sample.1983 og senere var 615 gram, 198 pennies eller 75 1,1982 og tidligere var 204 gram, 65 pennies eller 24 9 og en av disse var en wheaty tro det eller ikke. På 3 11 gram per øre var min utvalgsstørrelse 263 pennies 1 Wheaty. Total verdi på 263 pennies i 240 cent pålydende, sheesh jeg tror ikke sortering pennies er en ekte forretningsmodell , men hvorfor ikke holde dem Det koster mer penger å bli kvitt dem i tid og gass. Det er visse typer transaksjoner s som krever at PM-forhandleren skal rapportere til regjeringen i PM-transaksjoner. De rapporterbare transaksjonene er svært sjeldne. Noen forhandlere vil kun rapportere de viktige rapportene, og andre forhandlere kommer rett ut og sier at de vil rapportere transaksjonen din nesten hele tiden. Hvilke foretrekker du Du bør lese forhandlerpolitikken og spørre dem når du ringer inn for å kjøpe Det vil være skattemessige konsekvenser når du selger, hvis du noen gang selger Gull og sølv blir generelt behandlet som en samler med unntak, og er gjenstand for en høy 28 Capital Gevinst skattesats .-- Må innrømme at skatteproblemene er komplekse og jeg har tilbrakt et par timer på forskjellige tidspunkter, og prøver å få et håndtak på det. Jeg så dette på et pensjonswebsted, nå holder folk PM s inne i 401k og IRA , Jeg aner ikke den fysiske logistikken til det. Det er unntak Enkelte myntmynter utstedt av USA, vanligvis er amerikanske Eagle gull, sølv og platin mynter og noen mynter utstedt av noen av statene ikke samleobjekter s Også gull-, sølv-, platin - eller palladiumbuller er ikke samleobjekter når metallet er lik eller overstiger den minste finhet som kreves under en regulert futureskontrakt og er i fysisk besittelse av en kvalifisert forvalter. Ryd som mudder. Ja, gi meg beskjed når du fikk Det regnet ut. Et asiatisk-amerikansk rockefilm, The Slants, spurte en føderal appelrett i forrige uke for å varemerke sitt navn, selv om regjeringen sier det disparages asiater. Gruppen hevdet før den amerikanske appellationsdomstolen for forbundskredsen fredag ​​at den har en første endring rett til varemerker navnet fordi offensiv tale eller etnisk slurry ikke kan bli sensurert av regjeringen, rapporterte reuters saken blir overvåket tett fordi det kunne påvirke en klage brakt av nfl s Washington rødskinn etter at varemerker ble kansellert av oss Patent og Varemerker Office med den begrunnelse at lagets navn disparaged indianere. Indeedy der Ja, at Washington Redskins navn kunne være støtende Aften Siden 1820 ble ganske alle indianerne sparket ut fra øst til vest for Mississipi av Washington, selv om noen satt fast i Wisconsin til 1850-tallet og til og med etter traktatene ved et rifles punkt, noen indianere grupper som klanen til Chief Kewauskum, nå en by i Wisconsin, som ble sittende fast til 1890 og reist fritt, har en primærleir ved Pike Lake. Det er en helt annen historie. Alt som er til side, har en høring av 300 Potawatomi indianere sagt at ja ja, de føler navnet Washington Redskins å være disparaging og de arkiverer en bevegelse som intervenor for å endre navnet til The Redskins og gjenopprette varemerkestatus, samt royalty rettigheter over fornavnet .--------- ------------------------------------------- Vel det er en vits, men en irreverent men relevant spøkelagring ut. Onsdag 10. september 2014.MISH hadde dette postet opp med tanker om en sammenbrudd i kobber. Slår ut MISH var 100 korrekt. Torsdag 17. juli 2014.Update 3-2 4-13 - En venn hadde spurt hvordan du kjøper gull og jeg gjorde en oppskrivning for ham, og til din fordel har jeg også mye erfaring. Med de fortsatte shenanigans i EU og Kypros, inkludert trusselen av direkte tyveri fra forsikrede bankkontoer, vel omtrent alt går. Denne artikkelen er hvordan jeg kjøper Precious Metals PM. Enhver form for elektronisk rikdom er mistenkt, lett omdirigert stjålet ved et tastetrykk. Å eie vanskelige eiendeler i en potensielt deflasjonsverden aka Pretcher MISH kan resultere i store tap, men med hele verden å kjøre sine trykkpresser til kongeriket, er sjansen for at inflasjonen virker ikke-brainer low. Suggested Inflation Hedges.1 Gull, Sølv, Platinum, Palladium 2 Direkte Eierskap av Oil Wells 3 Direkte Eierskap av Solar Electric produserende eiendeler 4 Eierskap av eiendomsmegling, spesielt inntektsgivende eiendomsmegling 5 Direkte eierskap av en virksomhet som kan vare gjennom lavkonjunktur og inflasjon. Her er det i et nøtteskall. En ounce gullbarer. Junk Silver, før 1964 dim es, kvartaler, halvdeler. Platinum og Palladium i 1 unse mynter, det eneste virkelige valget er kanadiske Maples. Junk sølv opptil 15 000 eller 15 av din generelle Stack Og resten i gullbarer og deretter noen kanadiske Maple Coins eller Krugerrand Coins Opp til 10 av din totale stabel i Platinum og Palladium. Hold deg unna numismatiske samlermynter, de har alle gode historier, bare vær bort med mindre du er en ekte myntsamler. Uansett PM du kjøper, se alltid på markering over spotprisen på metallbruken futures for spotpris Få mest mulig metall du kan. Finviz er et bra sted for futures spot price. Always prøver å få mest mulig metall for pengene. Ikke vær imponert over mynter som kommer med høy markering aka premium over spot som Amerikanske Eagle gullmynter På Eagles salgspris 1688 når stedet er på 1614, det er en stor premie. Også pass på frakt og forsikringskostnader. De gode forhandlerne jeg anbefaler, er alltid rimelige på dette, skruppelløse som kan slå deg med stor pris effektivt øke s premier Ofte vil ordrer over 10 000 eller 20 000 få gratis frakt og forsikring, men frakt og forsikring er ikke veldig stor uansett, du burde ikke betale mer enn 25 eller så. For startere, få 5000 til 15 000 i før 1964 sølv dimes og kvartaler, dette kalles JUNK SILVER, og det er ingenting uhøflig om det. Et kvartal er omtrent verdt 6, en dime er 2 5 av det, rundt 2 50 for ideell tenkning. Du trenger dette for byttehandel og gjøre endring i den kommende nye verden Disorder NWD TM. Junk sølv er solgt av Face Dollar, så en ansiktskvartal i kvartaler vil være 4 fjerdedeler eller 10 dimer. Sølvvekten i dimes og kvartaler er nøyaktig proporsjonal med USD-verdien på myntene 10 dimes har akkurat som mye sølv som 4 fjerdedeler. Et ansiktsdollar av halvparten dollar, kvartaler eller dimer vil være rundt 715 gram sølv avhengig av slitasje på mynter, selv om det vant t varierer mye. Sølv er tyngre enn du tror Du kan ikke sette 20 000 i en ryggsekk, ta tak i din bug-out bag, og bare slå veien For ideell tenkning er gull ca 25.000 per pund, slik at du enkelt kan transportere 100k rikdom. Sølv kommer også inn. Regjeringen myntede mynter troverdig, men høyere markup.2 Runder som er runde mynter som gjenstander, men som aren Tjenestet av en regjering, disse selges med lavere premie, men i en Mad Max-verden kan du ha problemer som viser at de er ekte.3 10 unse barer, veldig kult, omtrent 300 ideell, stablet godt Du kan også få 100 gram og selv 1000 ounce barer, men ikke. Mange mennesker anbefaler en høyere prosentandel sølv i porteføljen din enn gull i dollarverdi. De tror at fordi det langsiktige forholdet mellom gull og sølvprising er høyt, kan sølv sette pris på mer enn gull, men sølv er også fattig mann s gull og den fattige mannen er detaljhandel og detaljhandel panikk når ting blir litt sketchy Også sølv gjør det ikke lett å transportere seriøs rikdom, mens gull gjør. Gold Dine hovedvalg er Government Minted mynter og lite 1 ounce barer. Th Ere er også store barer, men hvorfor får en stor bar For ego Det er ingen reell fordel for å få store barer, og barer kan trenge en sertifisering når du selger dem. Det har vært noen tilfeller der Tungsten ble satt inn i midten av Gold Bar Tungsten er nesten nøyaktig den samme tettheten som gull, den er bare 02 tyngre enn gull, slik at de kan gjemme den inne i gullet. Barene har en lavere premie enn mynter generelt, så lave som 16 over spot, selv om det er lite er sjelden, under 30 premie pr. ounce er normalt. Også stolpene har en fordel som du kanskje ikke tror viktig på dette tidspunktet, men det kan være svært viktig i fremtiden. Gull i form av et monetært instrument har forskjellige rapporteringskrav når du transporterer ut av mange. Mange eksperter sier at du bør diversifisere landet der du har eiendeler, hvorfor sette alle eggene dine i en kurv. Forsikre deg om at alle land vil devaluere deres valuta med konkurranse til noen hendelser fører til at de slutter å skrive ut penger og devalue uating deres valuta, og de vil også prøve å forhindre rikdom fra å forlate sitt land, og USA vil slå alle andre land over hodet med økonomisk og militær makt. På den annen side er det også godt å ha en haug med gull nær Du gulloppbevaring er en kompleks sak, og ikke en del av denne avhandlingen. Noen gullmynter er 9999 rent gull Det eneste problemet med dette er at rent gull er mykt og det kan bli skrapet i bruk, men hvor mye bruk skal du virkelig gjør hvor ofte skal du ha en 1600 mynt som sparker rundt i lommen. 1 amerikansk øre er 22 karat, den har 91 67 gull, 3 sølv, 5 33 kobber.2 den amerikanske buffel er 24 karat eller 99 99 ren gull, det vil skrape mer hvis det er en bekymring, og premiene varierer ganske mye. For en ren gullmynt skal jeg gå med en kanadisk lønn, som selger med mye mindre premium.3 Canadian Maple 24 karat eller 99 99 gull, stor mynt, stor troverdighet, rimelig premie over spot.4 Krug, eller klassisk Krugerrand fra Sør-Afrika En flott mynt med noen av de laveste premiene på vel ansett gullmynt Krug er 22 karat, 91 76 gull, resten er kobber, en legering kjent som Crown Gold. Det inneholder en full unse gull. 5 Det er andre, den Østerriksk filharmonisk og den kinesiske panda jeg tror panda ser dum ut og har ingen interesse i å støtte kinas PM markedet. Disse er laveste premie på alle gullprodukter 16 over spot er det beste jeg har sett dette tiåret, 30 premie er normalt kjøp alltid 1 ounce bar, større barer er for ego eller seriøst store porteføljer over 10M. Austrian Credit Suisse. Royal Canadian Mint, og. Pamp Suisse er alt du trenger å vite. Platinum og Palladium Coins. Why ikke Diversify litt, jeg kjøpte platina i november 2012 da en av mine anbefalte forhandlere hadde en god øye med meg og sa at jeg liker å bli diversifisert til et metall som er produsert i et flyktig land som Sør-Afrika. Faktisk, bare dager etterpå, rammet en voldelig streik en stor produsent i Sør-Afrika a nd metallet surged Den kanadiske Maple Platinum har en rimelig lav premie, det er en 50 pålydende som en reell statsmynt, verdt rundt 1700 i prisen. En premie på rundt 60 per Maple er vanlig. For Palladium er premien ca 30 per Maple. PGM Platinum Group Metals er ikke monetære metaller per se, så de kan ikke være like brukbare i et SHTF Armageddon scenario, men jeg antar at etter Armageddon, at noe normalhet kommer tilbake i mitt liv. Noen har antydet at smykker er en god investering, selv om smykkeverdien til smykker ofte tar prisen langt utover smelteverdien jeg ikke kjøper inn i denne smykkedelen, som å bevise at renheten kan være ganske plagsom i fremtiden. Det finnes metoder for testing av renhet, som innebærer å sette syrer på gullet ditt, og det ser ut til at det ikke er behov for å krysse denne broen. Det er også elektroniske testere, som er brutalt dyrt, og bare dumt å overveie, med mindre du var en stor forhandler. 24 karat millesimal finhet 999 al mest rene gull - Disse karatvekter gjelder også mynter 22 karat millesimal finhet 916 20 karat millesimal finhet 833 18 karat millesimal finhet 750 75 ren gull 15 karat millesimal finhet 625 14 karat millesimal finhet 585 10 karat millesimal finhet 417 41 7 rent gull 9 karat millesimal finhet 375.Copper D på t kjøpe kobber som en spekulasjon. Det er selskaper som selger kobberstenger med vanvittige store markeringer over spot. Personlig tror jeg dette er en dum form av spekulasjoner, spesielt gitt de vanvittige markupene. Burstingen av den kinesiske bolighuset vil presse kobber i lang tid å komme Boligen er 40 av all kobberbruk Ved 3 per pund, sammenlignet med sølv på 480 per pund, og gull på 25 000 per pund, er disse PM s mye mer praktiske Selv om jeg skrapte rundt 16 sol paneler, og slått kobberet i 2 fine skinnende gullmynter. Kobberpennier --- Jeg kan ikke rulle opp min pennies, jeg legger dem i vaser som blir veldig tunge. Jeg gjorde en representant for spark, 1909 til 1 982 pennies faktisk er verdt 2 23 cent i smelteverdien, 1983 til nåværende pennies er faktisk 95 sink, 5 kobber og har en smelteverdi på 0 48 cents. I fikk 819 gram pennies i min sample.1983 og senere var 615 gram , 198 pennies eller 75 1,1982 og tidligere var 204 gram, 65 pennies eller 24 9 og en av disse var en wheaty tro det eller ikke. Alt materiale som anses å være opphavsrettsbeskyttet, alle rettigheter reservert. Linker til denne bloggen er selvfølgelig helt velkommen. Materialet kan løftes så lenge kreditt er gitt til HawaiiTrading på en uutslettelig måte. Dette er ikke Investeringsråd Vi er ikke investeringsrådgivere, heller ikke vi holder noen form for økonomisk akkreditering. Alle dine investeringsbeslutninger utføres rent på egen risiko. Dette er ikke investeringsråd. Jeg opprettet denne bloggen for å registrere mine personlige, subjektive observasjoner om markedene, bare for min underholdning og for interesserte lesere og for å fremme forskning. Ingenting på denne bloggen skal tolkes som økonomisk rådgivning eller et tilbud eller r anbefaling for å kjøpe eller selge noen sikkerhet Jeg oppfordrer alle som er interessert i markedene til å gjøre dine egne lekser og eller konsultere en profesjonell rådgiver. Jeg er ikke en sertifisert finansiell rådgiver og er fortsatt raffinering av mitt handelssystem. Jeg forbeholder meg retten til å endre eller slutte å publisere aspekter av Systemet mitt når som helst Systemet mitt har resultert i svært store drawdowns i noen bransjer Tidligere tilbakekalte og sanntidsresultater er ingen garanti for fremtidig ytelse. Jeg vil ikke være ansvarlig for eventuelle tap eller skader av noe slag som kommer fra innholdet på dette nettstedet Selv om jeg anser dataene, beregningene og informasjonen på denne bloggen for å være pålitelig, kan jeg ikke gi noen garantier og vil ikke holdes ansvarlig eller ansvarlig for noe som er feil på denne nettsiden. Du er eneansvarlig for å iverksette beskyttelser av data og system når du bruk dette nettstedet og dets innhold og lenker Det er opp til brukeren av dette nettstedet og innholdet for å beskytte deg mot ormer, trojanske hester, virus og lignende jeg kan ho ld stillinger i noen av verdipapirene nevnt i denne bloggen Ingenting i denne BLOG eller refererte dokumenter er ment å være investeringsrådgivning. Hver person bør konsultere en betrodd investeringsrådgiver og eller finansiell rådgiver. Alle investeringer og handelsbærbar risiko som i dagens miljø kan være ekstremt betydelig, spesielt hvis du bruker leveranseinstrumenter som 2X 3X, alternativer eller futures. Homework Trading på en Cramer meme. EURUSD Bullish, Faces Further. FXTechstrategy svarte den 19. mars 2017 klokka 7 31. Problemer med Think or Swim. Acstudio svaret 18. mars 2017 kl. 9.00. Hvor pålitelig er fibonacci. Acstudio svarte 18. mars 2017 klokka 9 21 PM. Hvorfor John Carter er opp over 98.Thierry Martin svarte 18. mars 2017 klokka 5 58 PM. Hvordan fortjener akseleratorer vokste. Thierry Martin svarte 18. mars 2017 klokka 5 58 PM. Tired of losing even when. Thierry Martin svarte 18. mars 2017 klokka 5 58 PM. Hva er gode aksjer å kjøpe nå. Wright svarte 18 mar 2017 klokken 14:00.Breakout og Gap Stocks. StockIdeas svarte 18. mars 2017 kl. 12 09. Lørdagslinker laksepriser. Långform koblinger teknisk utstyr. James Altucher.8 Grunner Ikke til Daytrade. Alle ønsker å være en daytrader La meg fortelle deg de beste dagene Du kommer inn kl. handel systemet ditt forteller deg å gjøre på 9 30 Og ved 9 45, er handelen ferdig, lønnsom, og du er ferdig for dagen 1800 rikere og fornøyd med det. Enda bedre er de historiene om folk som tok 3000 av sitt kredittkort og 18 måneder senere hadde jeg 25 351 011 45 i banken. Den første dagen bestemte jeg meg for at jeg skulle være en fulltidsdagsdriver den 18 mai 2001, jeg var så spent jeg kunne ikke sove om natten. Det var utrolig mye for meg hvor mye penger Jeg skulle gjøre. Men alt er en løgn for deg selv, jeg er av og til dagskreds, og jeg har dagdregert for andre mennesker jeg har dagdriddt for hedgefond og for handelsforetak. Rett før jeg begynte dagtrading, hadde en gammeldags som hadde brukt 40 år i bransjen fortalte meg, ikke gjør det Hvorfor vil du være involvert med disse menneskene Men Jeg ønsket å være de menneskene jeg var en av dem jeg var en handelsmann. Ikke gjør det Her er hvorfor. På et tidspunkt vil du føle deg selvmord. Det betyr ikke at du har mistet alle pengene dine. Du kan bare ha din verste uke i 2 eller 3 uker. Men uansett grunn du kjøpte når du skulle ha solgt, og som sendte hodet ditt i spinn, og nå må du bli snakket av ledgen. Jeg har snakket mange mennesker utenfor hylsen de siste 10 årene og måtte være snakket av noen ganger meg selv. Det er ikke en hyggelig følelse. Hvorfor gjør det for deg selv. Du skal overvære. Hvorfor ikke du bare satte på handelen og den andre du gjorde det gikk mot deg Så du satte på mer og det gikk mot deg litt mer Så nå stirrer du på det og du føler deg dårlig Kroppen din trenger å føle seg godt. Kroppen din er veldig kortvarig i sin tenkning. Det sier du gjorde noe som fikk meg til å føle meg dårlig så nå trenger jeg en doughnut jeg vet det vil balansere den dårlige følelsen så gå, gjør det Skynd deg Så du spiser en møll. Handelen går mot deg mer Skru det, du spiser 5 mer donuts Six Seven Jeg blir syk selv skriver denne Åtte Ni Og så videre. Dine øyne går dårlig. Imagine du har to skjermer foran deg og tusenvis av tall og de blinker alle og skifter fra grønt til rødt til grønt. Du re stirrer på disse tallene i tusenvis av timer i løpet av årene, jeg kan ikke lese bøker nær meg lenger. Bokstavene smelter sammen og ser ut som et kaleidoskop. Jeg må ta av brillene mine for å lese dem. Selv om det er så ille kanskje Jeg vant t trenger briller lenger til slutt. Sosialt liv. Tror du virkelig at det å miste 500.000 av kundens penger på en dag, vil gjøre deg til en glad, chipper person når du går ut med vennene dine den kvelden. En person fortalte meg lek med barna barna gjør deg alltid glad Hva i helvete Jeg vil virkelig høre på en fire år gammel jabber om noe når jeg har penger på linjen Glem det. Blodtrykk. Når jeg har en handel, går mot meg, Jeg kan sitte der og føle blodet pumpet gjennom hele min bo dy kan jeg føle mitt hjerterytme. Det kan virke som en supermakt, men det er ikke t Hvis du hører hver eneste puls som går gjennom hele kroppen din, så skjer det noe veldig ille. Ingen produktiv. Min største angrepet i livet er de timene jeg brukte å se på handler 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.