Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Guys, having a technical issue with our webinar server. Load is 20x higher than normal, trying to find the problem but it means the webinars are up/down right now.
I know there are a ton of people trying to view the webinar right now, so I am going to stop trying to solve the problem which requires a restart of the service every time I try something (and kills all the webinars). The load is so high it is causing the entire site to be very slow, and is causing some skipping on playback of all webinars.
I can't find the problem, so have sent an urgent request for tech support to the media server company, and am waiting for them to reply (likely Monday....)
You can find some of the webinars on our Youtube channel.
Apparently this was caused by the leap second that was added at 0000 UTC. A whole bunch of systems were affected. Explains why we both were having issues at exactly the same time.
That traders need to be flexibile I think is true and that many styles and approaches will work - both fundamental and technical.
-----
One of the examples Jack gives is fundamental (Jim Rogers) and charting both working (Marty Scwhartz (sp?)).
I first learned of Jim Rogers from a friend who has subscribed to his printed long term chart books which arrived by mail once a month. (You can imagine how long ago that was with the enhanced computer access to chart as a guess 1996, so 16 years ago.) He paid $50 per month. (At 5% inflation that is $110 per month * 12 = $1320 per subscriber). Rogers had thousands of subscribers. If we use 5,000 as a conservative number - it could have been 10,000. So he was receiving $6,600,000 at 5k and $13.2 for 10k.
Now he was recommended buying a commodity for the long term when the price was very low in a 25 year time frame
(e.g. 12 cent sugar) and gave examples of his own trades and if sugar stayed in the 12cent range the next year he would buy more, and again the next year until the trade went into his favor.
So he had a amount of money to purchase more and more sugar contracts from his cashflow e.g. $500,000 per month.
So he is selling chart books, and he recommending buying on the basis of charts (not buying on fundamentals), and profiting by their money.
I find Rogers, in this quote, disingenuous (based on the information I have).
---
Marty Swchartz 10rys of 25%/month would grow the mentioned $400,000 to
$170,000,000,000,000,000 over the 10 years. 1.7 * 10^17
The economy of the United States is the world's largest national economy. Its nominal GDP was estimated to be over $15 trillion in 2011, (wiki)
$170/15 = 11.33 years.
