The stock market has often been compared to a casino and stock trading to gambling. There is even a book called Trade Like A Bookie, by David Caplan. The big difference between trading and gambling is that a stock trader has much better control of risk than does a gambler. In the game of Black Jack or 21 you pretty much have to play every hand. You can’t stand to one side, count cards, and when the count is in your favor step in and play, the casino would soon ask you to leave. But that is exactly what I do with my trading system. I stand to one side, count cards-that is observe the market action, and when the count or market is in my favor I step up and make a trade. From back testing my trading strategy, the probability of a profit is 80-90%. In actual trading this trading strategy has been very consistent with 74% profitable trades. Hence the name of my trading manual The 74% Solution. By waiting until the market gives me an 80-90% probability of a profitable trade my risk is reduced considerably. Gambling this is not.
Most of the time I am out of the market, watching and waiting for the right opportunity. Originally I used this system as a stand alone trading strategy. Being out of the market most of the time, I soon realized I could maximize the use of my capital by using a part of my capital to invest in dividend paying value stocks. This gave me three streams of potential income; first, capital appreciation from the stocks I owned, second, dividend income from the stocks I owned and thirdly, trading income from the 74% solution system. To learn more go here.
NEWS and VEWS: At Rio Verde Trading
March 27: Russia amasses tons of gold as defense against US dollar at Pravda, read here.
March 27: Gold Shines As Honeymoon Period Fades by Kira Brecht at Kitco.com, read here.
March 27: Despite Campaign Promises, Trump Set To Outdo Obama On Military Adventurism
Since his inauguration, Donald Trump has sent American troops into a number of military adventures and his administration is looking to promote even greater military interventionism around the world. By Roqayah Chamseddine at Mint Press News, read here. Surprise Surprise Welcome to the new boss, same as the old boss. This is why I did not vote, nothing has changed. NTM
March 27: Where the Anti-Russian Moral Panic is Leading Us
‘Show me on this doll where Russia touched you’ by Justin Raimondo at Antiwar.com, read here.
March 26: Greyerz – Get Prepared, A Massive Global Collapse Is Coming by Egon von Greyerz at KWN, read here. “investors who understand gold and silver don’t buy for the purpose of investment gains. No, at a time when the risks in the world financial system are greater than any time in history, precious metals are bought for wealth preservation or insurance purposes. There is no better way to protect your wealth against all the major financial and economic risks than physical gold and silver. $1,250 gold and sub-$18 silver are absolute bargains, unlikely to ever be seen again.”
March 26: Top Countries To Store Gold, Silver & Platinum by Peter Diekmeyer at Sprott Money, Read here. This is not an endorsement of Sprott Money international storage program; it presents logical arguments for international storage and an analysis of various countries where precious metals can be stored. Sprott Money is one of many such programs, do your own due diligence. Two other organizations offering international precious metals storage are GoldSwitzerland the precious metals investment division of Matterhorn Asset Management AG and Ownx. NTM
March 26: Warren Buffett And The Greatest Crisis Facing The World Today by Stephen Leeb at KWN, read here.
“The message, for young and old alike: if a financial advisor tells you to ignore gold and focus on stocks, bonds, and cash, answer that the only way you can find safety, wealth, and beauty in the same package is with something most Americans sorely lack: gold.”
March 25: Rob Arnott: Chairman & Chief Executive Officer of Research Affiliates
Audio interview at KWN, listen here.
March 24: Get ready for the investor stampede back into gold: Commerzbank By Barbara Kollmeyer at Market Watch, read here.
March 24: It’s All Over Except the Shouting by David Stockman at The Daily Reckoning, read here.
March 24: Andrew Maguire – This Will Rock The Gold Market And Shock The World at King World News, read here.
March 24: Stealing from the Citizenry: How Government Goons Use Civil Asset Forfeiture to Rob Us Blind By John W. Whitehead at The Rutherford Institute, read here.
March 24: The BIG LIE upon which all government is founded by Mike Adams at Natural News, read here.
March 24: An Obama Plot to Sabotage Trump? By Patrick J. Buchanan at LewRockwell.com, read here.
March 23: John Hathaway – China To Radically Reprice Gold Higher In 2017 As Demise Of The COMEX & LBMA Accelerates by John Hathaway at KWN, read here.
March 23: A Breach in the Anti-Putin Groupthink By Gilbert Doctorow at Consortium News, read here. “The mainstream U.S. media has virtually banned any commentary that doesn’t treat Russian President Putin as the devil, but a surprising breach in the groupthink has occurred in Foreign Affairs magazine, reports Gilbert Doctorow.”
March 23: Is McCain Beyond His Prime? By Doug Bandow at The National Interest, read here.
John McCain, when he got back from Vietnam, he figured he would never make Admiral like his daddy and grand daddy, so he married money and went into politics; and America has suffered from his stupidity ever since. As a side note, McCain was under threat from a robust and popular recall petition; but then 9-11 happened and he was saved by the terrorist attack. How sad!.
Is McCain beyond his prime? An interesting question, exactly wen was his prime? Maybe high school? McCain was a fuck up incompetent Navy Attack pilot, real pilots flew fighters, the only thing that saved his career was that his daddy was Admiral. Then there was his five years as a POW in Vietnam, when he collaborated with the enemy. So when did he reach his prime, maybe high school, the rest of his life has been an unmitigated disaster for America! NTM
March 22: Any Global Event could send Gold Prices Soaring, Add Falling Supply to the Woes by Byron King at Commodity Trade Mantra, read here.
March 22: It’s Time to Kill “Obamacare Lite” by David Stockman at The Daily Reckoning, read here. “So what needs to happen now is that Obamacare Lite is ash-canned this week — so that the GOP can launch a fresh start plan.
Liberating consumers to drive an honest, efficient, innovative health care market is the essential cure for what ails America’s health care system today.”
March 22: Putin: The Russian President Says Something About The New World Order That Western Media Won’t Air by Arjun Walia at Collective Evolution, read here. “The truth is, there is no Islamic army or terrorist group called Al-Qaeda, and any informed intelligence officer knows this. But, there is a propaganda campaign to make the public believe in the presence of an intensified entity representing the ‘devil’ only in order to drive TV watchers to accept a unified international leadership for a war against terrorism. The country behind this propaganda is the United States.”
March 22: The Trouble With Democracy by Brian Maher at The Daily Reckoning, read here.
March 22: Adam Schiff: Grifter, Racketeer, Warmonger
The ringmaster of the Russia hearings profits from his antics, by Justin Raimondo at Antiwar.com, read here.
March 21: The Truth About Trump’s “Skinny Budget” by David Stockman at The Daily Reckoning, read here.
March 21: Some harsh truths about saving and investing: 12 things every investor should know by Paul Merriman at Market Watch, read here.