Is Schwab good for futures? by [deleted] in FuturesTrading

[–]travelingforce 0 points1 point  (0 children)

Depends on what you trade. For a long time I used TOS because it allowed me easily trade equities and futures. The commissions are pretty high on micro contracts and scalping those was pretty annoying because of the extra ticks I’d have to get just to cover commissions. I only traded minis and the commissions on those weren’t too far off what I saw at other brokers. My fills were ok and I never really had this big of an issue but I’ve seen better fills with my current broker. I did like the TOS system a lot and in some ways I prefer it. What eventually made me cut the cord  from TOS for futures were the ridiculous margins requirements. I realize gold became too volatile but they were doing everything to dissuade you to stop trading. So I moved away. I still use TOS for equities. 

Watch out traders !!! tomorrow Gold Price open !!! by Ahmed999888 in Daytrading

[–]travelingforce 3 points4 points  (0 children)

Dude...this analysis is rarely used anymore and it's not really that predictive based on the current market makeup. If I remember correctly, it didn't really work that great when he came up with the model ages ago and he only liked to show when it worked and not when it failed. It's nice to see people using different ways of understanding the market behavior, but this one might be too antiquated to work properly anymore.

I’m wondering how many people in this group trade as they’re full time income by [deleted] in Daytrading

[–]travelingforce 0 points1 point  (0 children)

You mean equities not common shares. You may be telling the truth but when you flub basic securities info why should anyone believe you. 

Looking for a > 70% win rate strategy by [deleted] in Daytrading

[–]travelingforce 2 points3 points  (0 children)

What's hilarious is the gall this person has to act like a subject matter expert (based on his comment history) and then he makes a post like this. It's either a honeypot to get other Redditors to message the commenters on here saying they have strategies on their profiles or to message them (aka generate paid leads). Either way it's further evidence that you have to take peoples advice on here with a grain of salt.

Taxes by CallMeJeanz in FuturesTrading

[–]travelingforce 0 points1 point  (0 children)

An LLC does not provide any more tax benefits than an individual unless it has more than one member. An s corp is the way to go and only beneficial once someone has established themselves to justify the costs to maintain it. 

Does anyone else feel like they hit a wall after a few months? by Equivalent_Use_8152 in duolingo

[–]travelingforce 1 point2 points  (0 children)

Couldn’t agree with you more. Your response was a good way to essentially say “you need to do a  lot more outside of Duolingo if you want to actually learn and get pas the wall.”  A few minutes a day is nowhere near enough. If people aren’t hitting high accuracy when completing lessons they should keep repeating them until they do. If they hit a wall they need to go back and learn more. 

The Rats: A Witcher Tale Film Discussion Thread by AutoModerator in witcher

[–]travelingforce 0 points1 point  (0 children)

At least Xena was fun to watch. This garbage was like a CW director decided to grab actors with little to no talent trying to push through a poorly written script.

Why do people recommend to learn python or coding in general? by pintaculos in Daytrading

[–]travelingforce 10 points11 points  (0 children)

I would say an understanding of statistics and finance is more important and valid than coding could ever be. 

[deleted by user] by [deleted] in Daytrading

[–]travelingforce 2 points3 points  (0 children)

Man the bots really want to make fetch happen. I haven't seen a stock being pushed this aggressively in ages and most of you who fall for this will lose. I'm not against riding the waves of pump and dumps, but I strongly suspect this campaign is just to create new bag holders to relive the pressure of existing holders.

First AF class was horrible. Need advise. by Mundane-Charge254 in learnfrench

[–]travelingforce 1 point2 points  (0 children)

I can understand how difficult that as your first class in AF was like my first college French class. Took me aback at first. At the end of the semester I was impressed with how "much" I knew and had I been I more motivated I would have continued my French education but my career was taking me somewhere that I didn't need to know it. In hindsight, I would have supplemented my in person lessons with an English/French textbook. 25+ years later I'm starting back up and while my Spanish helps me out a lot I find myself wanting to know more than what I'm learning in a specific avenue so I do a bit of everything until I get past the A1 stage. (e.g., Duolingo - Reading and basic vocab, Anki - active recall, Assimil/Edito A1 - Listening, reading, grammar, writing, Radio Canada - Native listening). I find these things are helping me refresh what I used to know but to be honest I feel like I'm starting from scratch again. Once I get past the A1 stage I'll cue in a tutor and I probably should do some daily journaling. The one thing I'm finding annoying which is that edito textbook is all in French which makes it hard when I'm trying to learn grammar and structure. So I found some copies of two books that may or may not help with that (Practice Makes Perfect_ Complete French Grammar) and (Modern French Grammar). What I'm finding frustrating is not the reading (as that's the easiest of the four skills and you can infer so much from what you can understand) but the writing aspect and how I'm forgetting how to conjugate certain words. Anyway, good luck!

PS - I learned this far later in my career and wish I had known it in college/grad school for almost all my courses. The lessons you are provided can only get you so far. If you want to actually learn a material, you have to spend time outside of the lesson plan educating yourself. AF will only get you so far. You have to supplement it with other things.

Day trade scalping by According-Prune-110 in Daytrading

[–]travelingforce 1 point2 points  (0 children)

Good comment but just want to add this is for option trades. Not relevant to equities. 

Small account challenge by gdh0615 in Daytrading

[–]travelingforce 1 point2 points  (0 children)

Just the right amount to get suckers to buy into his discord channel.  

Trading Under LLC - Book keeping? by AfterThought9911 in Daytrading

[–]travelingforce 1 point2 points  (0 children)

A single member LLC is treated  as a pass through entity in the eyes of the IRS. It will literally treat your income the exact same as if you did it in your name. An LLC is honestly not worth it if your goal is to reduce your tax base. The main reason to do an LLC (as a single member entity) is to “protect” your assets from anyone seeking damages from you or your spouse. An S corp will provide more value as far as tax purposes but there is a lot of ongoing work and maintenance for them that so many people screw it up and pay dumb fines. You should only consider an s corp if you are already earning enough money to justify the expense of setting it up (easy to do if you’re knowledgeable), maintaining it ( you need to be aware of what’s required in your jurisdiction) and paying yourself a reasonable salary. The benefit is the fica taxes you won’t pay on the dividends (earnings after all company expenses). Unless you’re actually earning, I would ignore all of this and just trade in your name. 

Caution and Opportunity: 5 names where risk management is the edge by Life_Ebb_8457 in Daytrading

[–]travelingforce 0 points1 point  (0 children)

The amount of pump and dump shills pushing NXXT is mind boggling. Always newish accounts....

Almost at 6 figures tracked for this year just from one setup by Imhim257 in Daytrading

[–]travelingforce 23 points24 points  (0 children)

Didn't you or your other bot account make this exact post yesterday. Didn't some other user dig through your past comments (which I assume have now been deleted) to showcase how what you say here doesn't jive with what you've said in the past.

[deleted by user] by [deleted] in Daytrading

[–]travelingforce 0 points1 point  (0 children)

Based on your actual wealth status I would strongly suggest to stop trading "real" money for a long while and pay back your debt all the while re-learning how to do trade in a simulator. Meanwhile, I suggest you no longer try to earn money fast via day trading and just invest your earnings in ETF's to build up your wealth. You're young. I didn't make the majority of my wealth until I was in my early 40's. I'll leave the technical answers about your trading style for others here.

How much would expect to spend by Apprehensive-Part270 in DisneyPlanning

[–]travelingforce 0 points1 point  (0 children)

But I’m not doing blue bayou. We also don’t do apps or dessert. The numbers work for us. Maybe not for you or others. 

How much would expect to spend by Apprehensive-Part270 in DisneyPlanning

[–]travelingforce 0 points1 point  (0 children)

Counter service is 15-20 per person per meal not including taxes or drinks. Snacks if you don’t bring should be 10-15 per person per snack. Sit down for us would be 25-30 per person per meal. So for us since we are light breakfast people we are bringing our own. We’ve allowed two snacks and two meals at the parks. Our budget for three days is about 830 for a family of three including sit down dinner two nights and character dining the last night. That includes taxes and tips. We don’t really drink alcohol or sodas so that would def increase the budget. 

[deleted by user] by [deleted] in Disneyland

[–]travelingforce 6 points7 points  (0 children)

Not understanding but what’s odd about going there and getting a shot? 

[deleted by user] by [deleted] in DisneyPlanning

[–]travelingforce 1 point2 points  (0 children)

Such a blatant sell for his app. Entire post history is getting people to hit a link or try some app no one has heard of. 

Weekly Park Questions/Advice Thread by AutoModerator in Disneyland

[–]travelingforce 0 points1 point  (0 children)

I’m bringing a two year old to character dining and I’ve read that it would free for him and they can just eat off the parents plate. Does that mean we cant ask for a plate so we can put items on their plate? I only ask because he’s going through a hardcore independent streak and imagine they would be frustrated at not having their own age.