2012 Election - Off-Topic | futures io social day trading
futures io futures trading


2012 Election
Updated: Views / Replies:34,797 / 664
Created: by Big Mike Attachments:27

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

Closed Thread
 27  
 
Thread Tools Search this Thread
 

2012 Election

  #251 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received


monpere View Post
Speaking of welfare and playing fields. Welfare exists because the playing field is not level. The majority of people on welfare don't want to be there, they would rather work 3 jobs if they can find them. Problem is, because the field is not level, they have to take those 3 jobs which still is not enough for their basic needs. The decks are stacked against them, and they get stuck in that hole, void of opportunity due to the uneven playing field. They can't even afford to get sick, because they can't get health care. It's easy to brush that aside sitting in front of our array of 6 trading monitors.

Do you believe this is primarily due to education? Or is simply bad luck on who your parents were (rich vs poor) and the opportunity that is given or lost as a result?

For me personally, any time I encountered something that I wanted to learn, I would teach myself. I preferred this approach to a structured approach. I would rather fall back on structure only when needed.

Why do you think a poor person, even with great ambition and drive, is unable to break away from his surroundings and really excel?

I think education plays a large part, as does the family structure. If your family structure is setup in such a way that there are constant excuses as to why things cannot be changed or improved, then that is really tough to overcome.

There is a quote which I cannot recall the source, that goes basically like this: "Once you learn how to make money, you can always make more". I think it is true. I think that if the market blew up and ceased to exist tomorrow, I am not worried about how I will earn a living. But for the majority of Americans, this is unattainable and unimaginable.

Why do you think that is?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

The following user says Thank You to Big Mike for this post:
 
  #252 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


Big Mike View Post
Do you believe this is primarily due to education? Or is simply bad luck on who your parents were (rich vs poor) and the opportunity that is given or lost as a result?

For me personally, any time I encountered something that I wanted to learn, I would teach myself. I preferred this approach to a structured approach. I would rather fall back on structure only when needed.

Why do you think a poor person, even with great ambition and drive, is unable to break away from his surroundings and really excel?

I think education plays a large part, as does the family structure. If your family structure is setup in such a way that there are constant excuses as to why things cannot be changed or improved, then that is really tough to overcome.

There is a quote which I cannot recall the source, that goes basically like this: "Once you learn how to make money, you can always make more". I think it is true. I think that if the market blew up and ceased to exist tomorrow, I am not worried about how I will earn a living. But for the majority of Americans, this is unattainable and unimaginable.

Why do you think that is?

Mike

I think education or lack thereof, is a huge part of it. Those that make it out of that hole are the exceptions, and generally have an exceptional drive, or got an exceptional break. That should not be norm for any group of people. No one should have to be exceptional in order to get their basic needs met, or get real opportunities to better their lives. Are there those who abuse the system? sure, there will always be those, but by in large I don't believe they are the majority.

 
  #253 (permalink)
Membership Revoked
British Columbia
 
Futures Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010
Thanks: 192 given, 484 received


I think you are bang on the money Mike. I think we have all come to this forum and to the markets in search of a better life because of a similar drive to learn and succeed. Just to clarify, when I talk about a level playing field I am not talking about a pro-welfare state where all have the same opportunities and advantages. We are defined by what we overcome in life, it's what makes us who we are. What I am talking about in terms of fair game and a level playing field is on the side of anti-corruption, the pampering and coddling and serving of the rich through loopholes, special rights, and criminal monetary policies. As an independent proprietary trader competing against Goldman, another supposedly independent proprietary trading house, how can I possibly compete when they have an unlimited government backstop? A quick review of basic game theory will show that the former will have 0% chance of beating the latter in a free market. Hence, there is no game to be played. This is where I'm coming in from when I see the playing field as uneven. It has nothing to do with foodstamps or the like, that is a symptom of the corruption, not the cause.


Big Mike View Post
Do you believe this is primarily due to education? Or is simply bad luck on who your parents were (rich vs poor) and the opportunity that is given or lost as a result?

For me personally, any time I encountered something that I wanted to learn, I would teach myself. I preferred this approach to a structured approach. I would rather fall back on structure only when needed.

Why do you think a poor person, even with great ambition and drive, is unable to break away from his surroundings and really excel?

I think education plays a large part, as does the family structure. If your family structure is setup in such a way that there are constant excuses as to why things cannot be changed or improved, then that is really tough to overcome.

There is a quote which I cannot recall the source, that goes basically like this: "Once you learn how to make money, you can always make more". I think it is true. I think that if the market blew up and ceased to exist tomorrow, I am not worried about how I will earn a living. But for the majority of Americans, this is unattainable and unimaginable.

Why do you think that is?

Mike


 
  #254 (permalink)
Jedi Master
SF Bay Area
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: Multiple
Favorite Futures: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 577 received


liquidcci View Post
Here in lies the problem. The government can't raise the struggling up. Even if you believe wealth should be redistributed it is beyond me how anyone could believe the government can do it. All our entitlement programs government kangaroo accounting aside are bankrupt. The type of thinking coming out of the Obama administration will only serve to pull others down and will not raise up the struggling.

Our current path is not sustainable. Either spending must be cut or all of the middle class taxed. Tax the rich won't put a dent in it. Higher taxes for middle class will make the middle class smaller. So we better start cutting spending and yes that means some will suffer initially but many better off in long run. .

The government cant raise up the struggling but it can create a path for those willing to make an effort.. I don't believe in redistribution of wealth but the government aims to be there for the people and that means taxes.. NO PATH IS SUSTAINABLE IN THE CURRENT ECONOMY... When the economy is good, tax revenues has resources to pay for more than people imagine.. THE KEY QUESTION IS HOW DO WE GROW THE ECONOMY, and it has less to do with taxes than people think.. middle class shopping will help the economy more than the 1% buying luxuries..

How do you describe middle class? Obama administration describes it as $250k or greater, which is probably more like the average income of the wealthier neighborhoods here with 2 professionals.. The tax increases are also marginal for that group.. How will that snuff out the middle class?

The following user says Thank You to Jedi for this post:
 
  #255 (permalink)
Jedi Master
SF Bay Area
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: Multiple
Favorite Futures: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 577 received


syxforex View Post
Just to clarify, when I talk about a level playing field I am not talking about a pro-welfare state where all have the same opportunities and advantages. .

That's called communism and that experiment has already given its answers...ha Just look at China, Russia and East Germany before the Berlin Wall came down so clearly nobody on this thread is referring to that kind of level playing field but one where someone is looking out for the disadvantaged to help them out rather than to sympathize with the wealthy for paying more taxes.. Many of them or their parents would have never been in that upper middle class were it not for the opportunity presented to them..

 
  #256 (permalink)
Membership Revoked
British Columbia
 
Futures Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010
Thanks: 192 given, 484 received

Thanks, I do know what communism is.. There have been Canadians defending Norad stations and fighting against it for as long as there has been a cold war...


Jedi View Post
That's called communism and that experiment has already given its answers...ha Just look at China, Russia and East Germany before the Berlin Wall came down so clearly nobody on this thread is referring to that kind of level playing field but one where someone is looking out for the disadvantaged to help them out rather than to sympathize with the wealthy for paying more taxes.. Many of them or their parents would have never been in that upper middle class were it not for the opportunity presented to them..


 
  #257 (permalink)
Membership Revoked
British Columbia
 
Futures Experience: Advanced
Platform: NINJA
Broker/Data: ZEN
Favorite Futures: Crude
 
Posts: 1,091 since May 2010
Thanks: 192 given, 484 received

anyhow, i just hope the real government knows what they are doing... time for me to get back to trading and away from this crazy blogging... it's been real...

 
  #258 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
 
liquidcci's Avatar
 
Posts: 862 since Jun 2011
Thanks: 609 given, 1,051 received


Jedi View Post
The government cant raise up the struggling but it can create a path for those willing to make an effort.. I don't believe in redistribution of wealth but the government aims to be there for the people and that means taxes.. NO PATH IS SUSTAINABLE IN THE CURRENT ECONOMY... When the economy is good, tax revenues has resources to pay for more than people imagine.. THE KEY QUESTION IS HOW DO WE GROW THE ECONOMY, and it has less to do with taxes than people think.. middle class shopping will help the economy more than the 1% buying luxuries..

How do you describe middle class? Obama administration describes it as $250k or greater, which is probably more like the average income of the wealthier neighborhoods here with 2 professionals.. The tax increases are also marginal for that group.. How will that snuff out the middle class?

@Jedi in the governments effort to create a path through entitlement they have a dug a hole so deep we may not come out. They were digging this hole when the economy was good it is just seen for what it is when things get bad. Reality is it is unsustainable. Reality is we are starting to see the size of the iceberg.

Look at this debt clock and tell me what you see? U.S. National Debt Clock : Real Time

One thing I will point is the unfunded liabilities created by entitlement programs is over $1,000,000 per taxpayer and that is rising. In other words these programs are bankrupt now. I mean come on $1,000,000 per taxpayer.

Obama calls the 250k crowd rich I would call that upper middle class. But my point is they cannot do what they say they are going to do by raising taxes on 250k and above crowd. One it will kill jobs and two it will only marginally put a dent in the debt. They will have to go for the rest of the middle class unless they really curtail spending. It is essentially a lie when they say will not raise taxes on middle class. The only way they have any "chance" of not doing that is to curtail spending. Big government ideologues will not curtail spending they will only give us kangaroo accounting numbers that try and make it looks like cuts.


All I will say is we better wake up or there will be no path to prosperity for any American.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
 
  #259 (permalink)
Jedi Master
SF Bay Area
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: Multiple
Favorite Futures: CL, ES
 
Jedi's Avatar
 
Posts: 564 since Nov 2011
Thanks: 546 given, 577 received


liquidcci View Post
@Jedi in the governments effort to create a path through entitlement they have a dug a hole so deep we may not come out. They were digging this hole when the economy was good it is just seen for what it is when things get bad. Reality is it is unsustainable. Reality is we are starting to see the size of the iceberg.

Look at this debt clock and tell me what you see? U.S. National Debt Clock : Real Time

One thing I will point is the unfunded liabilities created by entitlement programs is over $1,000,000 per taxpayer and that is rising. In other words these programs are bankrupt now. I mean come on $1,000,000 per taxpayer.

Obama calls the 250k crowd rich I would call that upper middle class. But my point is they cannot do what they say they are going to do by raising taxes on 250k and above crowd. One it will kill jobs and two it will only marginally put a dent in the debt. They will have to go for the rest of the middle class unless they really curtail spending. It is essentially a lie when they say will not raise taxes on middle class. The only way they have any "chance" of not doing that is to curtail spending. Big government ideologues will not curtail spending they will only give us kangaroo accounting numbers that try and make it looks like cuts.


All I will say is we better wake up or there will be no path to prosperity for any American.

I agree both sides needs to give some.. meaning taxes are necessary and likely more reasonable on the wealthier, but resources for programs can only go so far to prevent future deficits.. However, and ironically, the best time to cut programs is not when its needed the most like now but when the economy is strong and tax revenues are more bountiful.. Another big catch-22 and that's why politicians are often taken very lightly because most of the times, they're just talkers and light weights in action in a democracy.. but then a dictatorship creates its own issues..

We can all point the finger but until someone has a solution, we roll with the here and now and that means the rich not the poor pay more taxes until programs are reduced during better times to eliminate the need.. a big catch-22

What is bent cannot be straightened
and what is broken cannot possibly be counted

The following user says Thank You to Jedi for this post:
 
  #260 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

The Corporate Borg State


Alex lays this out pretty good.
.

The following user says Thank You to kbit for this post:

Closed Thread



futures io > > > 2012 Election

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
This Election, Think It's Just the Economy? Think Again Quick Summary News and Current Events 0 July 14th, 2012 07:00 PM
Greek election this weekend--anyone long anything? bnichols Stocks and ETFs Trading 3 June 18th, 2012 04:09 AM
Greek Election Cheat Sheet kbit News and Current Events 0 June 16th, 2012 07:10 PM
More Money-Printing to Come After Greek Election? Quick Summary News and Current Events 0 May 7th, 2012 03:20 AM
Overhaul of US Tax Code Is Unlikely Before 2012 Election Quick Summary News and Current Events 0 January 4th, 2011 08:20 PM


All times are GMT -4. The time now is 06:53 PM.

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 0.17 seconds with 20 queries on phoenix via your IP 54.92.194.75