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A good alternative is Puplava. Puplava interviews analysts with different opinions and many he doesn't agree with. He tries to give a balanced representation of the bulls and the bears.
Don't fret over what you have no control over. Also, you should be realistic, not aim to be bullish, or bearish. My long term view of the economy is that that its going to get destroyed, the USD will become valueless. Its inevitable because every dollar in existence has been borrowed by governments from central banks, it is literally unplayable. You need to borrow more to pay off the interest, generating more debt. When this will happen, got no idea. The thing I can do, based on this view, is reduce cash holding and diversify into gold, bitcoin, real estate etc. Fear will only cloud you. If this debt based economy dies and we have an economy based on real money, like gold backed currency or crypto currency (supply is limited, not based on debt) and not more fiat rubbish (every fiat currency in history has become valueless) thats a positive because now we aren't enriching the debt holders (central banks) with our tax dollars and our savings arent getting permanently inflated away.
Understanding yourself is just as important as understanding markets.
It is hard to get an objective financial news channel/report, etc.
The popular sites, due to their traffic, are ad agency driven, which means they bring the advertisers to the table.
Then they dictate how and what is being said.
Sometimes the business on the surface, is not the business at it's core.
Also, "good news" sites don't bring in lots of internet traffic. The "Doom and Gloom", they can crash servers from the amount of reading. There are always more permabears than realism.
There are bloggers out there, true to their core, realistic and love to write objectively. find them.
Matt
Optimus Futures
There is a risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
You only have so long to live, so why spend it reading about the news. It's important to know what's driving the market, but beyond that it's just entertainment. I prefer the ignorant approach where I don't develop opinions and eat bison. Too much of anything can become a problem, even reading trading journals. So many people perpetually fail at everything that it's easy for them to take comfort that they aren't alone.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
I was once a supporter of trading journals, because I believed it would lead to growth, accountability, methodology development, etc and it would be written by people who trade. But, the more I read them the more I see it's done by paper traders.
....still on the "Bison Trip" from last night? LOL
Matt
Optimus Futures
There is a risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
Yeah, well I'd assume that anyone who is trading live making consistent profits over a long period of time eventually finds that having a public journal issues too much unnecessary advice or followers who are unable to learn. The advice is usually always with good intention and the followers are friendly, but it's inevitable that the journal will become mechanical in nature if the trader continues. There are some exceptions like gfis1's journals who is profitable for years. It's cool that even this forum has evolved in many ways because I think there's still much value in discussions outside of journals and phenomenon like the spoos thread. People who're trading live and doing well still need a place to go.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
I agree. There is a lot of analysis that is worth reading.
Occasionally however, there are those experience difficulties in trading, and come to express it on futures.io (formerly BMT).
However, they get the same advice of "go back to paper trading" accompanied by motivational phrases taken from cheesy posters. We should really graduate from this school. Drawdowns and setbacks could come from a variety of reasons, and to give the same old advice like a broken record does not contribute to growth.
Matt
Optimus Futures
There is a risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
I know I'm getting a little off topic here and I think we've spoke about this before sometime in the past, but I don't think anyone should have to trade paper. It's the lack of infrastructure and the result of too much regulation that prevents the average Joe from trading lets say ES or google a dollar a tick with a 1000 dollar account. Hopefully someday in the future someone will get the bright idea that since the exchanges are electronic they can make a program that breaks down a single contract and commission into ten, or even one hundred pieces, kind of like how forex brokers do with micro-lots and there will be no liquidity issues.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Agreed. Back to ZeroHedge...I like the site alot, and impressed with the amount of content it has.
but like you said, the gold topic is a bit of base.
I do not believe gold is safe haven against any financial catastrophe like some promote it to be. I never seen any proof to that and wrote an article about it here: Gold As A Safe Haven Through History | See It Market
You may find it interesting.
Matt
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
