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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #20,861
  • Aug 3, 2009 9:52am Aug 3, 2009 9:52am
Quoting cisco
The last Chrysler product I owned was a 1954 DeSoto. You could take a sledgehammer to that thing and you'd be hard pressed to make a dent.
I owned a Chrysler 300 for about 6months. What a piece of shit that was. Although, my current Chevy Suburban is a piece of shit as well. Sad but true, my '72's are better vehicles all around than my new ones.
Just digging in the trenches like everyone else!
  • #20,862
  • Aug 3, 2009 9:53am Aug 3, 2009 9:53am
Quoting Komissar
And the worse is coming.
They said that they are going to tax rich folks for Healthcare reform.
This morning news mentioned that middle class will be taxed as well.
Give them a little time to announce that everybody will be screwd - pardon - taxed for this Healthcare reform.
Great! Like my taxes aren't high enough already!
Just digging in the trenches like everyone else!
  • #20,863
  • Aug 3, 2009 9:57am Aug 3, 2009 9:57am
Quoting Komissar
And the worse is coming.
They said that they are going to tax rich folks for Healthcare reform.
This morning news mentioned that middle class will be taxed as well.
Give them a little time to announce that everybody will be screwd - pardon - taxed for this Healthcare reform.
It is a great way to stimulate the economy and create new jobs. You tax the people with the capital to invest.
  • #20,864
  • Aug 3, 2009 9:59am Aug 3, 2009 9:59am
Quoting PippiNole
It is a great way to stimulate the economy and create new jobs. You tax the people with the capital to invest.
Yeah, ummm, I haven't seen Obama show up on my business door step with a check to stimulate my business and help me hire new employees.
Just digging in the trenches like everyone else!
  • #20,865
  • Aug 3, 2009 10:03am Aug 3, 2009 10:03am
Quoting eohater
Yeah, ummm, I haven't seen Obama show up on my business door step with a check to stimulate my business and help me hire new employees.
All you have to do is join ACORN and they'll beat a path to your door, bro!
Hi, my name is Barry and you can keep your doctor...
  • #20,866
  • Aug 3, 2009 10:03am Aug 3, 2009 10:03am
Quoting PippiNole
It is a great way to stimulate the economy and create new jobs. You tax the people with the capital to invest.
I believe the middle class in this country will soon be gone.You are one of the wealthy or soon to be lower class.
Please ask questions and share your experiences with us all!
  • #20,867
  • Aug 3, 2009 10:03am Aug 3, 2009 10:03am
Quoting eohater
Yeah, ummm, I haven't seen Obama show up on my business door step with a check to stimulate my business and help me hire new employees.
And I bet you're not holding your breath waiting for that to happen but it will. It will be an Obama representative (IRS) who will come knocking.
  • #20,868
  • Aug 3, 2009 10:06am Aug 3, 2009 10:06am
Quoting PippiNole
And I bet you're not holding your breath waiting for that to happen but it will. It will be an Obama representative (IRS) who will come knocking.
Yup...somebody's got to pay to make up for all the taxes that Geithner and other cabinet members don't pay!
Hi, my name is Barry and you can keep your doctor...
  • #20,869
  • Aug 3, 2009 10:07am Aug 3, 2009 10:07am
Quoting PippiNole
And I bet you're not holding your breath waiting for that to happen but it will. It will be an Obama representative (IRS) who will come knocking.
IRS can knock all they want. My books are clean.
Just digging in the trenches like everyone else!
  • #20,870
  • Aug 3, 2009 10:09am Aug 3, 2009 10:09am
I couldn't help myself. Short again on the mistress at 137.30, SL at 137.60.
Just digging in the trenches like everyone else!
  • #20,871
  • Aug 3, 2009 10:11am Aug 3, 2009 10:11am
Quoting eohater
IRS can knock all they want. My books are clean.
I don't doubt that one bit.

What I am referring to is the govt. is going to hurt small business people like yourself by increasing your tax burden and thus possibly putting you in a position to have to let people go instead of hiring more help.
  • #20,872
  • Aug 3, 2009 10:12am Aug 3, 2009 10:12am
GU gained almost 400 pips since Thursday.
Isn't it time to retrace a little bit. I don't mind to see her about 150 pips down. Or, am I dreaming?
  • #20,873
  • Aug 3, 2009 10:14am Aug 3, 2009 10:14am
Quoting PippiNole
I don't doubt that one bit.

What I am referring to is the govt. is going to hurt small business people like yourself by increasing your tax burden and thus possibly putting you in a position to have to let people go instead of hiring more help.
Your exactly right about that! The bullshit taxes they have in the works for small business is nuts. Last time I checked small business was what drove this country, not the big guys. If we put the small business man out of business, then what? It's not like these big business that are giving out million dollar bonuses are going to forego theire bonus just to hire more employees. Their too damn greedy for that. Instead, they'll be laying people off and taking higher bonuses.
Just digging in the trenches like everyone else!
  • #20,874
  • Aug 3, 2009 10:16am Aug 3, 2009 10:16am
Quoting Komissar
GU gained almost 400 pips since Thursday.
Isn't it time to retrace a little bit. I don't mind to see her about 150 pips down. Or, am I dreaming?
I feel the same way, but I'm waiting for our H4 to close or get near it before I decide to go short on her.

I'll have a zinger trade before the day is over for everyone, but I'm imagining it's going to be short from 6930 targeting 6580. Don't everyone throw stones at me, but that's what I'm seeing.
Just digging in the trenches like everyone else!
  • #20,875
  • Aug 3, 2009 10:19am Aug 3, 2009 10:19am
Quoting eohater
I couldn't help myself. Short again on the mistress at 137.30, SL at 137.60.
I must need to work out my finger more because you got me again. I'm at .28.
  • #20,876
  • Aug 3, 2009 10:21am Aug 3, 2009 10:21am
Quoting PippiNole
I don't doubt that one bit.

What I am referring to is the govt. is going to hurt small business people like yourself by increasing your tax burden and thus possibly putting you in a position to have to let people go instead of hiring more help.
Here's one for you, and I hope I'm not repeating something I've already said last week. But, last Nov. the US Govt. authorized 100% Guarantee SBA Loan for 35K with no interest and no payments for the first year, then interest only payments for the next 5 years. Now, this was authorized in Nov., final terms didn't come out until May and does anyone know how many of those loans have been done? ZERO. There is not a bank out there willing to do the loan. Now, with all the banks paying back their TARP money, the US Govt. has no strong hold on the banks to make them do it. Historically, Banks have had a hard time collecting from the SBA on their guarantee. Typical SBA guarantee is 75%-80%. The SBA however, wants the lender to exhaust all resources before it'll make good on the loan. So, a bank makes the 35K loan, then spends 50K on trying to collect just to have the the SBA reimburse them 35K so the bank still looses 50K. If I were a bank, I wouldn't make the loan.
Just digging in the trenches like everyone else!
  • #20,877
  • Aug 3, 2009 10:21am Aug 3, 2009 10:21am
Quoting PippiNole
I must need to work out my finger more because you got me again. I'm at .28.
She's talking to me! You know I don't normally intraday trade her.
Just digging in the trenches like everyone else!
  • #20,878
  • Aug 3, 2009 10:22am Aug 3, 2009 10:22am
Quoting bkg102665
I believe the middle class in this country will soon be gone.You are one of the wealthy or soon to be lower class.
I choose lower class then!
Just digging in the trenches like everyone else!
  • #20,879
  • Aug 3, 2009 10:24am Aug 3, 2009 10:24am
Quoting eohater
I choose lower class then!
why, cause the wealthy is fucked?

  • #20,880
  • Aug 3, 2009 10:25am Aug 3, 2009 10:25am
Quoting eohater
She's talking to me! You know I don't normally intraday trade her.
So that is why she hasn't answered my phone calls.
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