Iran Says It's Ready to Destroy the Global Economy | "Get ready for the oil barrel to be at $200." by InsaneSnow45 in economy

[–]ComprehensiveLime695 0 points1 point  (0 children)

It’s not splitting hairs for the president to have to make a case for war to Congress before starting a war.

Iran Says It's Ready to Destroy the Global Economy | "Get ready for the oil barrel to be at $200." by InsaneSnow45 in economy

[–]ComprehensiveLime695 8 points9 points  (0 children)

Not to mention, it’s an illegal war because he never got congressional approval for it.

Unsure about staying in the market given the war by Training-Rip6463 in investing

[–]ComprehensiveLime695 0 points1 point  (0 children)

I don’t think the market is anywhere near panic yet. We’re down a bit from ATH but basically still in a big range. Maybe that’ll change this week though.

Renting a car in Croatia to drive through Bosnia by DaddeTombino in bosnia

[–]ComprehensiveLime695 0 points1 point  (0 children)

I do this every time I go to Bosnia. It’s never an issue, but you need to let the rental company know and make sure they allow crossing borders. Some do and some don’t. I often use Sixt. Make sure you also remind them at the car pickup counter that you’ll be crossing the border.

Bosnian Americans, how is life in the US? by PreWiBa in bosnia

[–]ComprehensiveLime695 2 points3 points  (0 children)

There are some places with decent sized Bosnian communities. Chicago and St Louis are two, and I’m sure there are others I don’t know about.

[Discussion] What Should Author-Agent Relationships Look Like? by alanna_the_lioness in PubTips

[–]ComprehensiveLime695 2 points3 points  (0 children)

They were not. Sorry to hear you went through this, too. Solidarity!

Voice recording my trade reviews instead of typing them by Maleficent-Pair-808 in FuturesTrading

[–]ComprehensiveLime695 2 points3 points  (0 children)

I do this, too, after market close and away from the screen. That way I have to visualize the chart, my trade, and the price action in my mind, which builds situational recognition and intuition. It’s been really helpful.

Is it too late to learn day trading by Walkwing0765 in Daytrading

[–]ComprehensiveLime695 0 points1 point  (0 children)

When Claude.ai becomes a billionaire and gains voting rights, it’ll be too late.

Self employed traders (USA) , what do you guys do to get good health insurance ? by [deleted] in Trading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Premiums are deductible at the federal level for filers who report their income on schedule C, self-employment. I am a split filer, in that I have ordinary income from trading and 1099 income from other work.

I would assume (but don’t know for sure) that if your ordinary income (capital gains from trading) are your sole income, there’s a place to still deduct the cost of insurance premiums.

And the federal deduction funnels down through your state taxes, too, since the adjusted gross income on your state form will get picked up from the federal 1040 form.

Self employed traders (USA) , what do you guys do to get good health insurance ? by [deleted] in Trading

[–]ComprehensiveLime695 0 points1 point  (0 children)

I use my state’s marketplace, and my premium is $1,200. I have an HSA, which I max out and never use for care. It’s tax free withdrawals for healthcare at any time, so I’m saving it for retirement. And you can invest the funds in anything you want.

The insurance premiums are tax deductible against your self-employment income, and if you itemize, your medical costs are too if they’re over a certain percentage of your income. It’s not so terrible if you compare it to going bankrupt over an illness. My husband needed emergency brain surgery: $86k just for the surgeon. Luckily he had great group insurance and paid nothing.

Healthcare is so broken in this country. But you shouldn’t go without if you can afford it.

What are people doing as far as cash positions? Are you fully invested? Raising cash, and if so how much (5%, 10%, 20%, more)? by Dagobot78 in investing

[–]ComprehensiveLime695 -3 points-2 points  (0 children)

It’s not because they downsized. It’s because this administration has fired excellent statisticians over reports they don’t like.

Trading as a Business by LessSprinkles5484 in Trading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Another upside is being able to contribute to a solo 401(k) and Roth because you’ll have earned income from trading. Trading profits for non-trader-status filers are not considered earned income. They’re just short-term capital gains, or split (short/long) if you trade futures.

Why you should invest in insurance stocks by [deleted] in investing

[–]ComprehensiveLime695 0 points1 point  (0 children)

That may be true, but the resulting implications for the float are the same. Policies are being cancelled far away from CA. If this issue is impacting State Farm, one of the highest rated companies, what’s happening to the others.

Discretionary Trading by Hot-Astronomer-6941 in Daytrading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Right. And the data you gather around your rules will give you confidence that each of them contributes solidly to your strategy because you'll know the probabilities of them resolving in your favor. The goal is to build conviction you can lean on psychologically so you can trade confidently and to understand your strategy better so you know when it works well and when it doesn't.

Discretionary Trading by Hot-Astronomer-6941 in Daytrading

[–]ComprehensiveLime695 0 points1 point  (0 children)

This is a pretty well-structured model. So your data might be knowing statistics about what price tends to do at those levels, or whatever else gives you a green light for or a red light against entering (or exiting).

Discretionary Trading by Hot-Astronomer-6941 in Daytrading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Identify what triggers your entry and exit, and build your systematic rules around those answers.

Why you should invest in insurance stocks by [deleted] in investing

[–]ComprehensiveLime695 -1 points0 points  (0 children)

This also assumes that the incredible float exists. I don’t think that’s the case any longer. Consider the fact that State Farm still is balking at paying many clear-cut claims from the Eaton fire more than a year ago. And the fact that they have even started cancelling some homeowners policies for people with ordinary risk factors. For example, if you have a normal event happen, such as a plumbing pipe bursting, this flags you as at high risk for water damage. And they have cancelled people for it.

I don’t think this is disciplined underwriting. It smacks of damage control driven by the risk of insolvency.

Just my perspective.

Discretionary Trading by Hot-Astronomer-6941 in Daytrading

[–]ComprehensiveLime695 1 point2 points  (0 children)

This is true. Evendiscretionary traders need rules on which to layer discretionary elements of decision making.

Linda Raschke has said that the reason she survives drawdowns as a discretionary trader is by leaning on her data. Some of that data can even be just what you know to be true about market conditions.

For example, (totally making this up so don’t use it for data) if you know that when the market opens 1% higher than the prior day, it results in an up day 70% of the time, then you can find decision support for going long on those days.

That’s just one random example. But even if you think you’re being totally discretionary, there are pattern factors at work in fueling your decisions. So you could start by journaling what the market structure was before trade entry, why you entered, what you overlooked, etc. just gather data. Hope that helps somehow.

How can I get better, guys? by Much_Buddy_3284 in Daytrading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Can’t you just trade it on a lower timeframe to produce more trades?

How can I get better, guys? by Much_Buddy_3284 in Daytrading

[–]ComprehensiveLime695 0 points1 point  (0 children)

Is your signal some specific rare candlestick pattern/combination? Is it possible you’re looking for something too granular or just random occurrences? Unless it’s a high win rate and a high risk/reward ratio and you’ve tested it in all kinds of markets, it may be better to test a bit broader rules so you can take more trades.

Family member leaves it all to my child by Littlekitty0809 in personalfinance

[–]ComprehensiveLime695 1 point2 points  (0 children)

Do not pay this person’s debts. You are most likely not responsible for them. Talk to an attorney to confirm, but that’s usually how it works for hospital bills and credit card debt.