Thanks for stopping in and airing this out. I agree with the limited data-set "trap." I think of the constant flow of market data like a river, from the shore or bank it always looks the same. But the water passing by is always different, after all it's a river not a lake.
A unit can be any number of contracts depending on the trader. I think in units because I don't want to think about $$ or ticks or profit. A unit is a unit no matter how big it is as long as the market has the liquidity.
The following 2 users say Thank You to FuturesTrader71 for this post:
My charity is an IRS registered 501(c)3 organization that underwent a lot of scrutiny by both the State of Illinois and the Federal government. You can't get tax exempt status for "helping myself, or some of my friends". We work with soup kitchens, provide food and clothing to refugees and spend countless hours working with religious institutions of all faiths and backgrounds.
I used my alias when I first joined a public board in 2004 that is just like Big Mike's. I picked a random name that stuck and so I kept it as an online brand. Additionally, by talking about where my office was in the CBOT and so forth, I started getting random visitors coming up during office hours wanting help or wanting to watch.
I changed offices and kept my alias as a way to keep the focus on what I was openly sharing FOR FREE online rather than who I am. If all of a sudden I changed it to my real name, then I would have to start over with a new brand. In the end, who I am is irrelevant. The fact is that those who have followed and believe in my motto to learn how to fish by keeping things simple have benefited from that.
If you want a link to my charity's work or the IRS approval notice, ping me. To the discussion at hand, I fail to see how this is relevant...but then again...I don't know who you are either. Nonetheless, if you ask me a question or for any help with anything, you would get an answer and an effort from me and that is what I'm known for the most.
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Maybe so, but the moment of truth is when the trade is first put on. What I have learned from taking 100's of thousands of trades is that people can make a heck of an argument in mathematics and logic and semantics and whatever, but they can't control or don't understand their monkey. The more right they need to be about the theory, the more difficult it is to trade well and accept what the market is saying as true or false.
I don't really follow FT71 because I'm not an advocate of VP but that's really not relevant or important, and I'm only mentioning this to provide some perspective. To answer your question, Webinar 3 is the best of the four because it deals with what really matters and is easily worth the small amount he charges to cover costs.
The following user says Thank You to gibbs for this post:
Thanks for the reply, What I'm asking is general in nature....like if you mark the opening range for example and what does it mean to you if anything.....As far as the nodes go, do you use them as targets or do you initiate trades off them...stuff like that.
I don't need all the fine print stuff, just what your doing generally.
I actually use a different method and am happy with it but would like to know some more about your stuff .
The following user says Thank You to kbit for this post:
Thank you for your offer. This is not relevant except to the issue of credibility. I had moved on from this discussion after I did my "due diligence". But, since you brought it back up I decided to look a little a deeper.
All non profits are scrutinized, the same, by IRS and State during the filing process, it's what happens after the filing that's important. After all, every questionable non-profit filed their papers in the beginning.
I looked up your "charity's" Form 990-EZ which you filed with the IRS for the last year available. Unfortunately, it shows, only $2391, less than 4% of the funds raised was paid out to other individuals and charities you support. This seems especially low given the fact there aren't any salaries and very little administrative expenses. It's probably more important to spend 18x times more money raising the funds than distributing them. I'm sure the next year you file for will show a different situation. To further the cause credibility you could provide those figures now, since it appears you file on a calendar basis. I would, also, suggest you hire an accountant to help you in filing this form, as it appears there are might be an error or two(this is my personal observation and opinion).
I understand why you might be reluctant to disclose your entire background and you, probably, have more to risk in any further pursuit of these matters. I do remember you(The Rock) from JP's Room. I, truly, hope your current level of altruism is sincere.
(I'd be able to post a copy of the Form 990-EZ you filed with the IRS, it is open to public inspection; if anyone questions the credibility of my findings and is interested in verifying them.)
To TI Anon
I’m sure you’re pursuing the wrong guy, Future Trader 71 likes to help us (the traders) and most people are more than grateful to his help,
Concerning taxes I cheat on my tax forms too… show me a person who does not do it
I think with your special abilities and knowledge you should investigate the people who really hurt us most