No... this is not for me
closed all my SHORT with small profit...
Think that is enough for today
closed all my SHORT with small profit...
Think that is enough for today
Read Charts - Not Papers
- #34,701
- Jun 6, 2012 10:16am Jun 6, 2012 10:16am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
- #34,702
- Jun 6, 2012 10:20am Jun 6, 2012 10:20am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #34,703
- Jun 6, 2012 10:24am Jun 6, 2012 10:24am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #34,704
- Jun 6, 2012 10:28am Jun 6, 2012 10:28am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #34,707
- Jun 6, 2012 10:39am Jun 6, 2012 10:39am
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
.
I observe your reality but live my own. 
- #34,708
- Jun 6, 2012 10:40am Jun 6, 2012 10:40am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
How about a dead rabbit? It will look warm and fuzzy on the first look.
T
I like to keep my reasoning as simple as possible. Not so others can understand me, but more so I can understand me
(joke)But seriously, from a simplistic perspective, let's do a little analysis to see where motivations are.
Never mind that central bank governing council members have a fiduciary duty to safeguard the taxpayer's money. Never mind that they are sworn in and that they are accountable for their actions. Instead let us see how they benefit personally. That is where the true motivation is.
Most CB council voting members (including the governers/Presidents/Chainmen, etc) are real bankers right to the bone. They have been involved in banking for many years and therefore know how to profit (personally). They have a personal interest in keeping banks afloat because that is where the bulk of their personal net gains come from.
How do you keep a bank afloat? Simple...
1. Keep it liquid.
2. If it seems that it is insolvent, just change the capital requirements so that it is solvent again.
3. Find new borrowers for it. If consumers and corporations aren't borrowing, compel them to buy government bonds.
So you see Tom, the ECB will always be in a position to pull a fluffy lively rabbit out of the hat, because if the day ever comes that they cannot, then the whole world goes to hell.
Think of it this way. Credit is a drug. Banks are the drug dealers. Central Banks are the drug mafia. Government and taxpayers are the drug addicts.
Those who say it cannot be done should not interrupt those who are doing it
- #34,710
- Jun 6, 2012 10:52am Jun 6, 2012 10:52am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #34,711
- Jun 6, 2012 11:02am Jun 6, 2012 11:02am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #34,712
- Jun 6, 2012 11:03am Jun 6, 2012 11:03am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
I have a mixture of both
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,713
- Jun 6, 2012 11:04am Jun 6, 2012 11:04am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
I am not addict
When you buy something with your credit card, even if you pay it in full at the end of the month, the bank still gets paid anywhere between 1% and 4% of the transaction by the shop.
If you have a job, you contribute towards the progress of the company that hired you. Through your efforts, the company grows and as it grows, it borrows money from the bank to finance it, and your pay package.
When you pay income tax, the government uses a large percentage of what you pay them, to pay the interest (yield) on the bonds they issue to the banks.
The only way you do not directly or indirectly support the balance sheet of the banks is if you do not participate in the economy at all. No job, no bank account, no credit cards. Just live on a piece of land 100% owned by you with no loans. Grow your own vegetables, raise your own animals, make your own energy, etc.
Otherwise, addict or not, you support the banks
Those who say it cannot be done should not interrupt those who are doing it
- #34,715
- Jun 6, 2012 11:08am Jun 6, 2012 11:08am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
That is the big problem with trade. Anybody could make pips just using trendlines, BUT Feelings, is really hard. I think I will not greedy if I will have big account.
If you have $100.000 you can make 10% per month and still have pretty good living
Damn hard if you have a small account, isn't it?
Anyway I am so happy I danced with my woodoo doll, who told me to close my SHORTS
Honestly I didn't expect things turn around that way today.
PT, you were right
Read Charts - Not Papers
- #34,716
- Jun 6, 2012 11:10am Jun 6, 2012 11:10am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #34,717
- Jun 6, 2012 11:13am Jun 6, 2012 11:13am
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,719
- Jun 6, 2012 11:17am Jun 6, 2012 11:17am
- Joined Dec 2011 | Status: Don't put all ur eggs in one basket | 3,453 Posts
- #34,720
- Jun 6, 2012 11:21am Jun 6, 2012 11:21am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
Bank!
If there was easy money lying around,no one would be forcing it into your