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#1 NAV

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Posted 02 December 2017 - 03:15 AM

https://www.bloomber...toward-overhaul


"It's not the knowing that is difficult, but the doing"

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#2 MDurkin

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Posted 02 December 2017 - 03:36 AM

Sell the news?



#3 salam

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Posted 02 December 2017 - 07:07 AM

Buy above 2650 sell below. Crazy Hammer day Friday should resolve up with the trend....

...but we are again extended after the market retracing most of the downmove.

I have a position trade at 2650 short, with a 3 point stop. And am expecting to be stopped out now

They could gap it above 2660 Sunday globex, and gap and crap

Edited by salam, 02 December 2017 - 07:12 AM.

I'm not sure what my future holds... But I know who holds it.

#4 CLK

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Posted 02 December 2017 - 08:42 AM

Maybe I'm missing something but 25% tax rate on LLC or small business sounds like no change, that 25% plus 7-10% state plus 15.25 SE tax totals around 50%. With LLC taxed as S corp you only get a break on half of the SE tax. Being a sole proprietor or LLC you are taking huge risk just to survive and you have to give back 50% to the Federal and state tax, add on state sales tax and it gets worse. I was really hoping for 15% tax rate on small business. Middle class and small business get nothing.


Edited by CLK, 02 December 2017 - 08:43 AM.


#5 opinionated

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Posted 02 December 2017 - 08:54 AM

The more it go's on it's a shell game.  Nothing changes except the players



#6 NAV

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Posted 02 December 2017 - 03:12 PM

Buy above 2650 sell below. Crazy Hammer day Friday should resolve up with the trend....

...but we are again extended after the market retracing most of the downmove.

I have a position trade at 2650 short, with a 3 point stop. And am expecting to be stopped out now

They could gap it above 2660 Sunday globex, and gap and crap

 

I am in cash and will make my decisions based on how this plays out on Monday.

 

My plan is simple. If the gap up, i will buy the gap with a very small stop. If they reverse i will be out in a heartbeat. If it moves higher and sustains i will hold for a swing trade. If it gaps down, i will wait for a retrace and sell setup.


"It's not the knowing that is difficult, but the doing"

 

“I have heard many men talk intelligently, even brilliantly, about something – only to see them proven powerless when it comes to acting on what they believe” - Bernard Baruch

 


#7 uburack

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Posted 02 December 2017 - 06:40 PM

Maybe I'm missing something but 25% tax rate on LLC or small business sounds like no change, that 25% plus 7-10% state plus 15.25 SE tax totals around 50%. With LLC taxed as S corp you only get a break on half of the SE tax. Being a sole proprietor or LLC you are taking huge risk just to survive and you have to give back 50% to the Federal and state tax, add on state sales tax and it gets worse. I was really hoping for 15% tax rate on small business. Middle class and small business get nothing.

 

This weekend I finished liquidating my retail business. It has taken 4 months. JIT if I understand these changes correctly. Would have been soooo hosed.


John 21:6 And he said unto them, "Cast the net on the right side of the ship, and ye shall find". They cast therefore, and now they were not able to draw it for the multitude of fishes.

#8 opinionated

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Posted 03 December 2017 - 09:31 AM

I am only buying gold the next 30 days,

 

My cycles all say bottom this week coming so will start accumulating GDX, GLD and XAU...  I see support where we are sitting with max pain at 1262 so IMO nice place to start building a position.  Personally I see it just north of 1315 in the next 30 days. 

 

I can't be part of this craziness that is controlled by rumor and news with a 20 point range on who farted last. Thats not investing or trading that is a crap shoot.

 

GL

 

OP



#9 SemiBizz

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Posted 03 December 2017 - 11:20 AM

I can't be part of this craziness that is controlled by rumor and news with a 20 point range on who farted last. Thats not investing or trading that is a crap shoot.

 

GL

 

OP

 

 

Thank you for that stinky capitulation... 

 

rofl.gif

 

It is December now... keep an open mind... there are two possible turn dates... we're in one window now, but there's another one mid-month...

 

Given the only mild pullback off the high to 1262 - I'm inclined to think odds are growing for a larger pullback now into mid-month if it doesn't take off almost immediately...


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#10 qqqqtrdr

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Posted 03 December 2017 - 11:54 AM

Since we have a Bradley Short Term and Long Term turn this next week, it increases the chance of a turn.....