Comments on: Commodities Trading and Futures Trading (Series): Collective Crowd Wisdom

By: ychimocu

ychimocu — Sun, 28 Feb 2010 03:23:31 +0000

All the problems …
All the problems were caused by lack of regulation on lenders and irresponsible behaviour in the real state market and not the traders.
I was offered an apartment when visiting a friend in the US, I’m not a resident , no credit record, no job in your country and I told them that and their answer was: “Don’t worry we will fix all the papers and fill all the requirements for you”.

By: ychimocu

ychimocu — Sun, 28 Feb 2010 03:23:30 +0000

After doing some …
After doing some math I declined the offer because I would lose the deposit and a few months of payments after getting in red numbers.
But a lot of people didn’t do the math and became victims of this.
Hey Dan,
How about price action and chart patterns, do you use them?
Thanks and what”s the name of the music you use on your videos, I like it.

By: AirelonTrading

AirelonTrading — Sun, 28 Feb 2010 03:23:30 +0000

Wow
Wow

By: AirelonTrading

AirelonTrading — Sun, 28 Feb 2010 03:23:29 +0000

Oh I hear ya. You …
Oh I hear ya. You wouldn’t believe the homes that realtors wanted to put me in.

Yeah, I basically trade (I described it in more depth in a podcast at my blog this week) – after i develop my edge – to the price action, and reading the tape, with moving averages.

The music was actually written and performed by a close personal friend of mine, Paul Young. It’s called “The Other Side” He wrote it about a close friend of ours that was killed in an auto accident about 10 years ago

By: AirelonTrading

AirelonTrading — Sun, 28 Feb 2010 03:23:28 +0000

Yeah, they got a …
Yeah, they got a taste of those leveraged realty otc derivatives (CRO’s) and man, it was off to the races then. I hear unsubstantiated claims that some of those folks were over-leveraged 250 to 1

By: AndyMH182

AndyMH182 — Sun, 28 Feb 2010 03:23:27 +0000

Any time I see a …
Any time I see a price of oil or a price of gold, on Bloomberg or something… Are they listing the spot or the futures price?

By: ychimocu

ychimocu — Sun, 28 Feb 2010 03:23:27 +0000

I should add that a …
I should add that a lot of people did the math but sadly lost their jobs after the bubble exploded…

By: AirelonTrading

AirelonTrading — Sun, 28 Feb 2010 03:23:26 +0000

Bingo.
Bingo.

By: cosmosgato

cosmosgato — Sun, 28 Feb 2010 03:23:25 +0000

They would falsely …
They would falsely disqualify people normal mortgages then push them into sub primes!
The only good thing out of this is that some of these scumbags destroyed their own industry thus job.
So now the greedy on the street looking for work.

By: cosmosgato

cosmosgato — Sun, 28 Feb 2010 03:23:25 +0000

Speaking of gold, I …
Speaking of gold, I here the metal heads are on suicide watch. The metals are tracking with the market!
Supposedly metal only goes up. Oh well.