is it really worth it? - Commodities Futures Trading | futures io social day trading
futures io futures trading


is it really worth it?
Updated: Views / Replies:14,836 / 99
Created: by Silvester17 Attachments:3

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 3  
 
Thread Tools Search this Thread
 

is it really worth it?

  #71 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary


Silvester17 View Post
now we're back to the speculators.

The speculators are vultures. Vultures feed on carrion. The carrion is the US monetary policy.

http://www.futuresmag.com/News/2011/4/Pages/Defending-oil-speculators-to-the-president.aspx


Last edited by Fat Tails; April 22nd, 2011 at 05:44 PM.
Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #72 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received


Fat Tails View Post
The speculators are vultures. Vultures feed on carrion. The carrion is the US monetary policy.

Defending oil speculators to the president - Commodities - Futures Magazine

yeah futures magazine. that's about the 25th article they wright about how innocent speculators are. wonder why

only blaming the U.S. Government (monetary policy) for rising oil prices is quite frankly too simple. or was the printing machine on full blast till mid 2008 and then shut off all the sudden? didn't think so either.

Attached Thumbnails
is it really worth it?-2011-04-22_1935.png  
Reply With Quote
 
  #73 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
Thanks: 2,092 given, 595 received


it's all a scam....just make sure you're on the right side of it

Reply With Quote
 
  #74 (permalink)
Membership Temporarily Revoked
Mumbai, India
 
Futures Experience: Advanced
Platform: TT trader, Stellar and Marex
Favorite Futures: IPE Brent Oil
 
benaam's Avatar
 
Posts: 13 since Mar 2011
Thanks: 53 given, 3 received

Why 70?


Silvester17 View Post
so here's my proposal to the U.S. Government. but should add, it wouldn't be the first time they don't listen to me.

start shorting crude oil. a good price target would be around $70.00 a barrel. since crude has little or nothing to do with fundamentals, that should be doable without any major issues. and then below $70.00 you start covering your shorts and above $70.00 you sell again.

not only would we see lower prices for everything that needs oil, it would also take off a lot of pressure on inflation in general. and not to forget a significant reduce of the U.S. debts.

and everybody would live happily ever after

Why 70, why not benchmark it to 120$? As I see it, if price doesn't stay high, human race will only race ahead to finish off oil quicker than ever. Let the prices go still higher. Living happily ever after doesn't mean cheap petrol.

Reply With Quote
 
  #75 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received

well today we've seen the good side of the speculators. 5 more days like this please.

Reply With Quote
 
  #76 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary


Silvester17 View Post
well today we've seen the good side of the speculators. 5 more days like this please.

Speculators do not have a good or bad side. But when the party is over they all rush to the exit at the same time. This is what is called a crowded trade.

As you said before, we need higher oil prices to develop alternative energy supplies. In the end oil will be replaced for various reasons: price, impact on environment, changed demand structure. I have never understood, why you need a vehicle of 2 short tons to move around 1 passenger of 200 pounds. 90% of the energy is used to move the vehicle!

Reply With Quote
 
  #77 (permalink)
Market Wizard
Columbus, OH
 
Futures Experience: None
Platform: NT 8, TOS
Favorite Futures: ES
 
Silvester17's Avatar
 
Posts: 3,332 since Aug 2009
Thanks: 4,579 given, 10,313 received


Fat Tails View Post
Speculators do not have a good or bad side. But when the party is over they all rush to the exit at the same time. This is what is called a crowded trade.

of course they don't. I meant the good side in the view of the consumer.


Fat Tails View Post
I have never understood, why you need a vehicle of 2 short tons to move around 1 passenger of 200 pounds. 90% of the energy is used to move the vehicle!

a lot of people would argue about safety. I don't, but many do.

Reply With Quote
 
  #78 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,651 since Mar 2010
Thanks: 4,226 given, 25,600 received
Forum Reputation: Legendary


Silvester17 View Post
of course they don't. I meant the good side in the view of the consumer.



a lot of people would argue about safety. I don't, but many do.

The answer lies within game theory. Let me try to explain.

You need a heavy vehicle, because in case of an accident, the passengers of the light vehicle will suffer from a greater decelaration than the passengers of the heavy vehicle. Also the heavy vehicle will probably have superior stability. This induces everyone to buy a heavy vehicle, which in turn increases the danger for all other vehicles. The additional safety of the large vehicle is immediately consumed, as it is only a transfer of safety from other drivers to the buyer of the heavy vehicle.

Defection in a n-person prisoners dilemma means that you gain an advantage by defecting. Defection - buying a larger vehicle - is a dominant strategy in terms of a Nash equilibrium. However, if everybody drives a heavy car, there is no advantage for anybody. The outcome does not guarantee Pareto-Optimality.

The problem here is that the sanctions for non-cooperative and selfish behavior are insufficient. This game is a repeated prisoner's dilemma, so in the long term cooperative strategies will be superior to defective strategies. However, a social and moral norm - for example appropriate laws - is needed to support the development of cooperation. This in turn is not understood by a lot of stupid politicians - let us call them liberals - who think that market autoregulate towards an equilibrium.

Markets never find the optimal solution - the nervous breakdown of CL today was just another example -, markets cannot be Pareto-Optimal, they need to be tamed. The same applies to the American - and other - people. Let alone they achieve the Nash-Equilibrium, which is not really what we need.

Reply With Quote
The following user says Thank You to Fat Tails for this post:
 
  #79 (permalink)
Elite Member
Rockland county , New York
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 340 given, 79 received

Game theory applied to political science is a fascinating topic Fat Tails. I saw an incredible presentation by Bruce Bueno De Mesquita where his computer program (focused largely on self interest dictating decision making) calculated that Iran would get a nuke but not use it. He wrote a book called "The Logic of Political Survival" that, if anything like his speech, will be great for those who have a mind for game theory.

I wonder how the political representation of a country would come into play under game theory for your idea of highly regulating (Americans need to be informed not "tamed") an aspect of life as important as personal transportation.

In the 70's America made the best "affordable" cars in the world. Then there was year after year of emissions regulation adjustment that literally made them start from scratch. Some people worth listening to know of US politicians, who were heavily invested in Japanese car makers using motorcycle engines at the time, but now they dominate the US market. Mean while, many American made cars in the 90's proved heavier isn't always safer; it's where the car caves in on impact.

In the 2000's Bush offered tax breaks for gas guzzlers and some people worth listening to feel he benefited greatly.

Maybe both examples are a partial result of our dependence of foreign bond buyers and it was an issue of shorter term foreign dependence leading to longer term. Still there are a lot of questions as to how the restrictive "cooperative strategies" would be decided on and to what benefit.

Do you know of a game theory stand out who focuses on investing?

On a side note, maybe it's a matter of different definitions, but how are you or any of us not a speculator?

Reply With Quote
The following user says Thank You to whatnext for this post:
 
  #80 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received


The problem is... oil is priced in $US. Weak dollar , makes oil more expensive and causes price fluctuations.

Solution:

Price oil in Chinese Yuan.

The Yuan is about $0.15. Initially oil will be very expensive , but as the Yuan is not allowed to fluctuate , the price will remain very stable around $500 a barrel.

The cost to develop alternative fuels will be cheap in comparison.

Of course we will have to get used to coal burning automobiles polluting the air.

Demand for oil will drop forcing OPEC to to pump at maximum capacity trying to force the price down .

The terrorists won't be able to get funding from oil producing countries.

China will let the Yuan float to get the price of oil down and Donald Trump will have to shut up griping about the Chinese.


Now... those slimy speculators don't seem so bad do they...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote

Reply



futures io > > > > is it really worth it?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cory's VolumeStopV3 (and now V4) - Worth A Look! HJay NinjaTrader 438 August 2nd, 2017 12:38 PM
CFDs - not worth trading? Twiddle The Elite Circle 22 August 25th, 2011 10:21 AM
"ease" of Easy Language isn't worth the limitations RM99 TradeStation 5 July 9th, 2011 01:58 AM
Looking for several years worth of reliable and free Forex tick data? Here you go. Trankuility The Elite Circle 13 March 19th, 2011 11:45 PM
Is an Ivy League Diploma Still Worth the Price of Admission? Quick Summary News and Current Events 0 March 2nd, 2011 07:30 PM


All times are GMT -4. The time now is 12:42 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.14 seconds with 20 queries on phoenix via your IP 107.20.115.174