tag:blogger.com,1999:blog-30128229.post6076628976016601222..comments2023-09-30T07:11:55.493-06:00Comments on MarketFN.com: What's Your Trading Personality?Investment Househttp://www.blogger.com/profile/14771320644915759241noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-30128229.post-73789879985922638762009-11-15T16:47:17.713-07:002009-11-15T16:47:17.713-07:00Thanks for writing, Anonymous. Regarding your ques...Thanks for writing, Anonymous. Regarding your question about subscribing to the $10 Trader, I think it could definitely be helpful if used carefully. I would suggest it be used to see what I am doing and how I am doing it rather than blindly following trades by putting your own money at risk right away. Hopefully, it's worth the price (free the first month) to begin to educate yourself to see where entries are made and how exits are set. Look for the ways losses are cut and see methods to let profits run.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-61427196238163912492009-11-15T16:45:15.149-07:002009-11-15T16:45:15.149-07:00Anonymous, the only thing with which I disagree is...Anonymous, the only thing with which I disagree is your statement that trading is more of a game than a business. Throughout history trading has been an important business (think of the Hudson Bay Company or the China tea trade or trading commodities like food for money). Yes, of course, anyone engaged in trading can lose whether it be a single trade or overall. The chances of losing are much greater, in my view, when trading is treated as a game rather than as a business.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-72206311525587191182009-11-15T16:41:52.900-07:002009-11-15T16:41:52.900-07:00Bill, House Bill H.R. 1068, if it gets through com...Bill, House Bill H.R. 1068, if it gets through committee, is passed by the House and by the Senate and signed by the President, would create an onerous burden on the smaller trader as well as active traders in my view. The bill as it currently stands has been referred to committee and would impose up to a 0.25% tax on transactions. In other words, a $10,000 trade would generate a tax of up to $50 ($25 on entry and another $25 on exit). While it might not put traders out of business, it would constitute a significant added cost to trades and I certainly oppose it. It is one of those insidious taxes that doesn't seem to affect many and seems small, but adds mightily to the weight on the camel's back. One likely effect, it seems to me is that it would stifle a lot of trading and thereby fail to raise the revenue it shortsightedly anticipates.<br />Thanks for writing.<br />Bill KraftBill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-90266250140624881342009-11-14T20:50:21.632-07:002009-11-14T20:50:21.632-07:00Hi Bill,
Well written article and it is all about ...Hi Bill,<br />Well written article and it is all about trading for a living....to know yourself first.<br />What do you think for those who would like to subscribe your services (like Under $ 10 trader) and learn from there as a beginner of trading and aim to be a trader for a living.<br />Your advise/comments is much appreciated.<br />Thank you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-3786796455150728162009-11-14T15:41:10.323-07:002009-11-14T15:41:10.323-07:00Your analysis of trader characteristics is right o...Your analysis of trader characteristics is right on the dime.<br />Of all your suggestions, I think that pre-trade planning is most important.<br />Either with covered call or put, or at least a plan for entry and exit prices. When prices go south, you have to know ahead of time where your quitting level is. Still, trading is more of a game than a business: and since it's a game, you want to be a good loser.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-48706988409269155582009-11-14T11:31:09.235-07:002009-11-14T11:31:09.235-07:00Could you give your opinion on the proposed Trader...Could you give your opinion on the proposed Trader's Tax, House Bill H.R. 1068? It looks like it would put most traders out of business.Bill Robbinsnoreply@blogger.com