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Replies: 5,649 / Views: 461,510 |
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Pillar of the Community
 United States
3789 Posts |
@pocket change 50-
Yes you are spot on, first off all, unlike what is portrayed to the public, trading is a very quiet, boring profession that can bring stress and it has stress. Whats key is to manage it and minimize it by accepting certain factors and having a set plan from the beginning to end of a trade.
It isn't for everyone; it has great financial rewards and offers one also independence that isn't available or all that common.
Which leads me into another point- any good experienced trader will not make excuses why he was stopped out. Most stops are already SET before a trade is put in place. Why? Because everyone goes into a trade with a set trigger point and an exit point in case the trade doesn't work. Therefore, this notion that "oh they ran my stops".. when I hear that, even from fellow traders, its because they really didnt know what they had set.
Stops are part of a traders day to day "life". Everyone for the most part has one, and they are in different forms, but successful, long term traders ALL have something in place, and they get hit more than one would think. So again, because a stop was hit, does not mean "someone" did it. I have stops that are hit all the time and I do not say "oh they wanted me out of that". Thats nothing but silly talk. EVERYONE has to have stops and at some point they will be hit because if you dont have stops, you WONT have any capital to trade with, doesn't matter how big or small you are.
Finally- HD had a flash crash 2 weeks ago. Are we to suppose that "they" or the "banks" are holding it down? If so, why would they, when HD stock is in a long term uptrend. What theories could we devise to say that someone wanted it cheap... or wait, why would they want it cheap when its going higher; wouldn't "they" want the stock higher instead of going higher?
Or how about AAPL? Its also an in uptrend. Yet it has a flash crash last week. Should we suppose that the "banks" wanted to keep the price of aapl lower? Or wait, would it fit better that they wanted it lower, when in fact they are ALREADY in the stock and its ALREADY been going higher?
It is silly nonsense to make up things that happen in the market regularly to fit ones narrative, without knowing really whos doing what, and then not explaining what has happened.
I assure you I see this sort of wild silly nonsense from fellow traders but those are the ones that are usually losing money because they choose to ignore price action and spend time forming opinions on the hows and whys which are usually wrong anyways.
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Pillar of the Community
 United States
3789 Posts |
Gothic
no sorry wrong again. The banks have moved away from trading commodities, and other assets because of laws enacted after the financial crisis in 2008-2009. It is no longer profitable nor do several laws allow them to engage as they used too. It was not because of Clinton. You are behind the curve and not up to speed.
Banks like JPM have sold off or selling off any and all connections to commodities in any form, even the big European banks such as DB are moving away.
And... investment banks and banks are not the same. As an example, GS is in financial services. JPM is a money center bank. BIG BIG BIG differences my friend.
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Valued Member
United States
300 Posts |
The clown posse on CNBC jumped all over the AAPL dump--but nothing is said about the regular PM ones that occur on the COMEX. Banks that make markets have lots of information about where stops are and they can use that to create volume which pays them--but hey I don't have the answers to what is happening in all markets, any better than yup--like I said, I was looking for clues at the scene of the crime, as the song goes--everything is open to interpretation and argument--if it wasn't there wouldn't be markets, no matter how insane they sometimes seem.
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Pillar of the Community
 United States
3789 Posts |
@Gothic
well, just for the record, no one cares what anyone says on CNBC nor Bloomberg. Rule number one in trading is anything you see on TV, radio or print and its about markets, its going to be either late, old or someone talking their book.
and of course they would jump on AAPL stock, EVERYONE owns appl and knows about it. But theres ALL kinds of flash crashes in stocks all the time, its so common it means nothing. the flash crash in GDX was nothing and really means nothing. Someone either got out in a hurry or was forced out, simple. No need to make up silly reasons why it means X or why the "banks" did this or that.
Finally, banks dont make markets. Sorry but banks play a very little role in the market. If you are so certain about that, then tell me who's operations are going into the market everyday, then tell me whos running the books for GDX?
stops are a normal part of biz in trading,, nothing new that they get hit.
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Valued Member
United States
300 Posts |
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Valued Member
United States
300 Posts |
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Valued Member
United States
300 Posts |
Abenomics â€" Statements from Hamada In the interview, Hamada noted that raising the sales tax had blunted the impact of Abenomics' "three arrows" of monetary easing, fiscal stimulus and structural reforms designed to break out of deflation, boost growth and help Japan recover from what he called as a "Ponzi game situation", specifically calling it a "mild ponzi game", but noting that Japan's large foreign reserves made the game feasible, Hamada further stated: "In a Ponzi game you exhaust the lenders eventually, and of course Japanese taxpayers may revolt. But otherwise there are always new taxpayers, so this is a feasible Ponzi game, though I'm not saying it's good." http://www.valuewalk.com/2014/11/ab...onzi-scheme/Happy unenjoyment day!! A rare instance of a crook confessing above :)
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Pillar of the Community
 United States
3789 Posts |
Another gap down for silver and gold.,,, back into the range from last week, holding for now at the upper end. I would say what remains of focal interest is if the gains from 12/1 move hold. staying above that is going to give plenty of clues...
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Valued Member
United States
300 Posts |
Doug Noland:"There are reasons why central bankers and central banks have a long history of conservatism. Risks are much too great for experimentation - experiments in "money," loose Credit and aggressive stimulus. History has shown unequivocally that you don't want to monkey with money and Credit. Central banks monkey with securities and asset markets at all of our peril. We now see all the world's major central banks trapped in a monetary experiment run amuck. Not surprisingly, especially considering the length and results from prolonged monetary stimulus, deep divisions have developed within the central banker ranks. This week saw more public policy criticism from past and present members of the Bank of Japan. There is also this deepening rift between Draghi and the Germans. Draghi continues to talk tough and assure the markets he's ready for QE with our without German consent, surely believing they will have no choice but to come around. The Germans believe "monetary financing" is illegal. Draghi counters that it would be "illegal" if the ECB did not pursue its 2% inflation mandate. How this plays out has major ramifications for the global Bubble... I worry a lot about global Credit risk. I worry more about illiquidity. Financial Sphere inflation, heavy risk intermediation and the "Moneyness of Risk Assets" combine to nurture historic market liquidity risks. To be sure, six years of zero rates (along with repeated market interventions) ensured that Trillions flowed into various funds and products perceived as highly liquid stores of wealth ("money-like"). Wall Street - and especially the ETF complex - has fashioned scores of perceived liquid low-risk products that invest in illiquid underlying instruments (stocks, corporate debt, municipal debt, EM, etc.). "Money" continues to flood into stock index funds and products, with the perception that these types of vehicles are low-risk and highly liquid (courtesy of the Fed)." SJ Kaplan:"The main problem with any exchange-traded fund is that as prices rise, these funds are legally obligated to create new shares in direct proportion to the percentage of the price increase. As these new shares are created, the fund has a mandate to purchase the underlying securities with those shares, thereby causing prices to rise further--and thus obligating the fund to create even more shares, and so on. In this way, assets which in prior decades would have gained perhaps 40% or 50% in a bull market end up rising by 200% or 300%. Since the fundamentals are no different today from what they had been in prior centuries, the only way the market can adjust to such a huge price increase is via a subsequent dramatic price collapse. As the assets of an exchange-traded fund decline in price, the fund is obligated to destroy shares in direct proportion to the percentage pullback in its asset base. As these shares are destroyed, the assets of the fund must be sold into the open market--thereby causing prices to fall further, thereby obligating the fund to destroy more shares, and so on. In the second half of 2008, a substantial percentage of the plunge for assets ranging from coal-mining shares (KOL) to silver bullion (SLV) could be directly attributed to the influence of exchange-traded funds in these subsectors. In the first half of 2008, virtually the entire rally and subsequent collapse of agricultural-commodity prices was engineered by a single fund in that sector (DBA), which at one point owned more than 70% of all soybean contracts and more than 60% of all wheat contracts traded in the United States." http://www.etf.com/DBA
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Valued Member
United States
102 Posts |
yup-gothic can I get a opinion on the swiss trying to change their laws about the gold standard please ?
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Pillar of the Community
United States
1285 Posts |
Hey gothic, Take it for FWIW, supply and demand
I travel for work to the same city for work. Normally the hotel rooms including tax are around 140 to 150 per night and it's the norm.
A month ago room rates were running around 500 per night due to various reasons. I know folks who could have got me into that hotel and they said "no we cannot accommodate you for that night and I am so sorry about this"
I stayed a hour away for around 160.
Ask your self this ...did the bankstas on that day decide they were going to overcharge or was it the hoteliers?
You know that there is an oversupply of oil that's bringing down prices right? OR is this another sinister force at work here as well?
Thanks for reading thus far / happy trading / be hedged / stay current with future trends / most commodities are in over supply (hint here).
Edited by Ceylon62 12/06/2014 3:26 pm
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Valued Member
United States
300 Posts |
In 2008, prices for basic grains like wheat, soybeans, corn, and rice suddenly tripled or quadrupled worldwide to multi-decade peaks. In India, the media hype about rice became so intense that India, Thailand, and several other countries banned the export of rice--a key source of revenue--in order to "deal with the shortage". Later it was accurately reported that literally tons of rice were rotting in warehouses in India due to the absurd ban on export. More recent story here on Thailand: http://www.bangkokpost.com/news/loc...008-purchaseSupply and demand? No--sinister forces--well unless people are eating four times more rice all of a sudden, probably!
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Valued Member
United States
300 Posts |
swiss trying to change their laws about the gold standard please<<
Politicians don't want restraints on their largess--ever!
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Valued Member
United States
300 Posts |
"Speculation by large investment banks is driving up food prices for the world's poorest people, tipping millions into hunger and poverty. Investment in food commodities by banks and hedge funds has risen from $65bn to $126bn (£41bn to £79bn) in the past five years, helping to push prices to 30-year highs and causing sharp price fluctuations that have little to do with the actual supply of food, says the United Nations' leading expert on food. Hedge funds, pension funds and investment banks such as Goldman Sachs, Morgan Stanley and Barclays Capital now dominate the food commodities markets, dwarfing the amount traded by actual food producers and buyers. Purely financial players, for example, account for 61 per cent of investment on the wheat futures market, according to the World Development Movement report Broken Markets. Speculative investment in agricultural commodities in 2011 was 20 times the amount spent by all countries on agricultural aid. Goldman Sachs, the largest player in the agricultural commodities market, earned £600m from food speculation in 2009, and Barclays Capital, the world's third-largest player and largest British bank in this market, earned up to £340m in 2010, according to the report. Goldman Sachs and Barclays Capital declined to comment Before it was deregulated in the year 2000, the agricultural commodities futures market was used mainly by farmers and food buyers seeking to insure themselves against changes in the prices of products such as wheat, maize and sugar. When George W Bush passed the Commodities Futures Modernization Act 12 years ago, there was an influx, led by Goldman Sachs, of purely financial players who had no interest in ever buying food, but who sought solely to profit from changes in food prices, says Olivier De Schutter, the UN special rapporteur on the right to food." http://www.independent.co.uk/news/w...7606263.html
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Valued Member
Canada
95 Posts |
What happened to the price of silver in this forum? is there not an investment forum out there on the world wide web? Not to be rude in any way, but I don't buy food commodities. I am just trying to understand where this discussion is going. Please explain, since I am not understanding.
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Replies: 5,649 / Views: 461,510 |
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