JJRVAT are you still out there? This thread has lost its strength over the holidays. Is there any interest on reviving it?
Gulicio, Yes I am still around. It has been a wild (and exhausting) year and it has become extremely complicated for me to keep posting as often as I would have liked. As long as there are people interested in sharing, discussing and exchanging non commercial trading topics I would be happy to keep the thread open. However, it needs major changes and a new ânorth so any ideas are welcome (via PM). In any case, happy New Year !!! and thanks to all the posters that has kept this thread alive. jjrvat PS: Lord Tedders, thank you for you kind words in your blog lordtedders @ blogspot
There was, at some point, a guy who said he had prepared a doc with the main ideas summarized and all the noise removed. I asked him for it but he told me that, after discussions with jjrvat, they chose not to publish it right now and do it properly. I would still be very interested to read it if it was done, as the thread is, to say the least, "a bit dense".
i'd be interested in reading it, too. im still following this thread. ive been having some health issues for the last few weeks so ive been out of trading but still browing this forum from my cell phone when i am able. ideas for future discussion directions in this thread: - money management - managing exits (winners vs losers, when to exit in each case, how to manage drawdown when you're scalping (which ive never understood)) i'd post more but im posting from my phone and my thumbs are tired of typing.
it's not hard to do it, just hight light the post you want then cut & pasted it into a word document, do the same with picture of interest.
BIG BROTHER WANTS TO REDUCE FOREX LEVERAGE Retail Forex FINRA Requests Comment on Proposed Rule to Establish a Leverage Limitation for Retail Forex Comment Period Expires: February 20, 2009 Executive Summary FINRA is requesting comment on a proposed rule prohibiting any member firm from permitting a customer to: (1) initiate any forex position with a leverage ratio of greater than 1.5 to 1; and (2) withdraw money from an open forex position that would cause the leverage ratio for such position to be greater than 1.5 to 1. The text of proposed FINRA Rule 2380 (Leverage Limitation for Retail Forex) is set forth in Attachment A. Questions concerning this Notice should be directed to: Gary Goldsholle, Vice President and Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8104; or Matthew E. Vitek, Counsel, OGC, at (202) 728-8156. Action Requested FINRA encourages all interested parties to comment on the proposal. Comments must be received by February 20, 2009. Email comments to pubcom@finra.org ======================================== Full text attached. EVERYONE MUST SEND AN EMAIL AND TELL BIG BROTHER TO BUTT OUT!!
jjrvat First off, thanks a bunch for the wealth of great information. I've been following this thread for almost a year now and a while back you said you were compiling a pdf of your posts as well as more info/examples you haven't posted. Have you gotten to a point where you can share the pdf? Also, amitman from what I've seen, you have consistently shown an understanding of applying the PA principles in this thread to the market - I was wondering if you've been able to continue with your successes and if you have more charts/info you care to share. Thanks!
Sign the Petition On Friday, February 13, your colleague, U.S. Congressman Peter DeFazio, introduced H.R. 1068: âLet Wall Street Pay for Wall Street's Bailout Act of 2009â, which aims to impose a 0.25% transaction tax on the âsale and purchase of financial instruments such as stock, options, and futures.â Without a doubt, many Americans are appalled at the reckless behavior of large Wall Street companies, and the notion of making those who are responsible for putting the global financial system in jeopardy help repay taxpayers for bailing them out is certainly justifiable. Unfortunately, I feel that this proposal is the wrong way to do that, as this tax applies to all investors, the vast majority of whom have done no wrong. Effectively, this tax will punish anyone who wants to save their money, whether it be by investing in stocks or options directly, putting their hard earned money in any mutual fund, or by simply placing a portion of their paycheck in a 401K. Thereâs no doubt that banks and mutual funds will pass along this added cost to their customers, giving this proposed tax a much further reach than was initially imagined. Moreover, the unintended consequences associated with H.R. 1068 are also hard to ignore. First, many hard-working Americans make their livings by running small businesses that trade stocks, options and other financial instruments. Many of whom will be put out of business due to the fact that their margins are often quite thin. In addition, those who work for or with these individuals will also lose their jobs. Second, a transfer tax such as this will lower capital gains dollar for dollar, making the notion that anyone who invests their money will be on the hook for the excesses of Wall Street all that more poignant. Finally, such a tax will undoubtedly affect the number of shares traded on an absolute basis, thus reducing liquidity â a necessary ingredient in the effective pricing of assets. Itâs the complete lack of liquidity, for example, which made collateralized mortgage obligations effectively worthless. The body of the bill suggests that such a tax would have a negligible impact on the average investor. I beg to differ. For example, a $10,000 trade (or approximately 100 shares of stock in Apple, Inc.) would increase the cost of a round trip transaction by $50. 100 shares is generally considered to be a minimum size for a trade, which would devastate any small business executing even a handful of similar trades each day. As you can see, while this bill may sound good on the surface, the effects, if it is passed, will reach anyone who wants to invest their money and will ruin many small business people who are not at fault for this distressing situation all Americans are struggling through. I urge you to vote NO on H.R. 1068 http://www.rallycongress.com/no2tradertax/1536/tell-congres-to-block-trader -tax