@cosmosgato I'll be getting to the concrete aspects of enacting a strategy very soon, but first there are many people that need to do a lot of reflecting before they see the error of their ways. However I agree with your suggestion of a trading log and analog to a business, but a log plays only a small part in an overall strategy. It's the strategy that must be embraced.
@TheAppleInvestor will listen out for your plan, hope to learn something. but the only thing that looks like a good plan is precious metals held in your hands. even though the silver charts do look a bit like they are going up to quickly.
@bruno188home Have you ever heard the adage of putting all your eggs in one basket? Also when entering a room know where the exits are. The physical locks you in a room. You can't even get market price now for it. The goal is to make money not be an economist and/or political scientist.
@cosmosgato yes have heard that saying many times, and i am pretty worried as most of my eggs are in property at the moment. it is very easy to sell physical at over spot price, especially silver.
would like to make enough money to not be reliant on any one. it is a shame need to research so much political/economics, as i have been fooled many a time by so called financial advisor's/experts, due to my ignorance and trust.
@bruno188home You must validate everything for your own peace of my. Don't believe what anyone says, even me! Though I will work to gain your trust, I will always encourage you to verify everything I say, or anything you glean from another. In the words of the late great President Ronald Reagan, "Trust but verify."
@cosmosgato thanks i don't have to much faith in the present social programs being available in the future.
i can see have a fixed mortgage could be quite beneficial, especially if helicopter Ben gets high inflation going, some times i think unfortunately for me we paid of our mortgage. at one point we were paying 16% interest rate back in the early 1990s.
@bruno188home Well, this concept of being the prognosticator, the seer into the future of Silver and Gold, is a dangerous road to take. No one can predict the future, and laying your bets on a single thing is a poorly conceived strategy. Sure you may be right, but what if you're wrong? Now, had you said you were playing the paired trade between Silver and Gold, with a strategy to take profits, I'd be more inclined to agree...
@TheAppleInvestor "Now, had you said you were playing the paired trade between Silver and Gold, with a strategy to take profits, I'd be more inclined to agree..."
I've been studying up on paired market neutral trading with options.
SEXY!
Zero risk is the holy grail.
I think that's the "near passive" income generator I've been looking for.
@bruno188home Watch this series of videos, and share them with your friends. I will be revealing how to develop a winning strategy that has an excellent chance of success in any market or economic condition.
ok thanks will follow the series. we are about 3/4 silver to gold, and plan to sell it bit by bit as and when need cash. and sell the whole lot if they stop the money printing and put interest rates up higher than inflation.
awesome idea. im excited to follow along
mejt223 1 year ago
A little to metaphysical.
From a practical vantage RUN THE NUMBERS!
Guys you MUST have a trading log PERIOD.
You MUST review those numbers.
As a trader you're a casino owner.
Your system(s) are your games of chance.
Every week, month and quarter go over your "ACTUAL" edge and P/L.
All will be reviled.
cosmosgato 1 year ago
@cosmosgato I'll be getting to the concrete aspects of enacting a strategy very soon, but first there are many people that need to do a lot of reflecting before they see the error of their ways. However I agree with your suggestion of a trading log and analog to a business, but a log plays only a small part in an overall strategy. It's the strategy that must be embraced.
TheAppleInvestor 1 year ago
i fear the government is debasing the currency and the debt many are in is close to impossible to repay.
bruno188home 1 year ago
@bruno188home True and true. But fear is not necessary if you have a plan.
TheAppleInvestor 1 year ago
@TheAppleInvestor will listen out for your plan, hope to learn something. but the only thing that looks like a good plan is precious metals held in your hands. even though the silver charts do look a bit like they are going up to quickly.
bruno188home 1 year ago
@bruno188home Have you ever heard the adage of putting all your eggs in one basket? Also when entering a room know where the exits are. The physical locks you in a room. You can't even get market price now for it. The goal is to make money not be an economist and/or political scientist.
cosmosgato 1 year ago
@cosmosgato yes have heard that saying many times, and i am pretty worried as most of my eggs are in property at the moment. it is very easy to sell physical at over spot price, especially silver.
would like to make enough money to not be reliant on any one. it is a shame need to research so much political/economics, as i have been fooled many a time by so called financial advisor's/experts, due to my ignorance and trust.
bruno188home 1 year ago
@bruno188home You must validate everything for your own peace of my. Don't believe what anyone says, even me! Though I will work to gain your trust, I will always encourage you to verify everything I say, or anything you glean from another. In the words of the late great President Ronald Reagan, "Trust but verify."
TheAppleInvestor 1 year ago
@bruno188home "would like to make enough money to not be reliant on any one"
An EXCELLENT goal!
And correct everyone needs to understand money.
Also if the dollar falls all real things property will go up in price, making you money, by definition.
Even you debt mortgage if fixed will "feel" like it is going doing down.
If the dollar goes down.
cosmosgato 1 year ago
@cosmosgato thanks i don't have to much faith in the present social programs being available in the future.
i can see have a fixed mortgage could be quite beneficial, especially if helicopter Ben gets high inflation going, some times i think unfortunately for me we paid of our mortgage. at one point we were paying 16% interest rate back in the early 1990s.
bruno188home 1 year ago
@bruno188home Well, this concept of being the prognosticator, the seer into the future of Silver and Gold, is a dangerous road to take. No one can predict the future, and laying your bets on a single thing is a poorly conceived strategy. Sure you may be right, but what if you're wrong? Now, had you said you were playing the paired trade between Silver and Gold, with a strategy to take profits, I'd be more inclined to agree...
TheAppleInvestor 1 year ago
@TheAppleInvestor "Now, had you said you were playing the paired trade between Silver and Gold, with a strategy to take profits, I'd be more inclined to agree..."
I've been studying up on paired market neutral trading with options.
SEXY!
Zero risk is the holy grail.
I think that's the "near passive" income generator I've been looking for.
How good is your scanner at finding set ups?
cosmosgato 1 year ago
If you really believe that short the dollar.
What's the problem?
cosmosgato 1 year ago
@cosmosgato got to admit would not know where to start to do that.
bruno188home 1 year ago
@bruno188home Watch this series of videos, and share them with your friends. I will be revealing how to develop a winning strategy that has an excellent chance of success in any market or economic condition.
TheAppleInvestor 1 year ago
@TheAppleInvestor
ok thanks will follow the series. we are about 3/4 silver to gold, and plan to sell it bit by bit as and when need cash. and sell the whole lot if they stop the money printing and put interest rates up higher than inflation.
bruno188home 1 year ago
That is a blue screen background isn't it?
you can see some blurring around your head when you move.
Winst0nOBoogie 1 year ago
@Winst0nOBoogie I need better lighting to eliminate the chroma key halo. It's my first try, I'll get better.
TheAppleInvestor 1 year ago
be carefull some other website might ban you.
Drav1212 1 year ago
@Drav1212 That's what I'm going for, it's like a badge of honor.
TheAppleInvestor 1 year ago