Watta Financial Mess...

Where to begin? Can we call it late stage capitalism..where capitalism fails because of crony-ism, corporate corruption and collusion has rigged the game in favor of the select few on the backs of the masses.  Too late to even call it late stage capitalism.

The treasonous acts carried out by Treasury Secretary Pauslon such as Tarp, Talf and other acts of financial  terrorism  carried out right before our very eyes and ears.. acts designed to socialize the largest financial losses due to criminal wrong doing in the largest financial "institutions" the world has even had or likely ever will..was the final blow. Here we are flat on our backs at about 7 on the 10 count.

I believed in Mr. Paulson at the time...It sounded like an attempt to stabilize housing what it was was a giant gift to those who created the mess in the first Place. It is disgusting and so is V. Pandits 16 million bonus. I hope these crooks have long lives and every day they can think about those they have hurt by the greed.

Lets talk of trades:

Pretty much the dollar is destined to be weaker going forward as this is the only way to ease the burdens of the debt crisis with some brief periods of strength make trading in commodities interesting.

I am concentrating mainly in the commods. I look for ways to get short oil when possible and for ways to play PM's mainly through the miners. Using technicals, charts and counting waves to seek good entry points and exit points. I need to skim profits to live on and be able to re-load lower.  

If a trade works against me in the miners likely it will come back due to the ever weakening dollar. One must be careful as the miners too cannot be trusted and a large bet in a miner may loose if the company has an issue.

So for now GPL, PZG are miners I chart and watch carefully. GPL has 10 percent moves on regular basis both directions. GPL earnings are coming out on 6/17 I believe. GPL has no dept. There 2011 outlook was based on $20 silver. According to GPL they have increasing production in 2011. GPL and the other miners have acted poorly recently and are trying to find a bottom the HUI may have turned.

I have no positions on over the Memorial Day Weekend.

Shout out to Mark Haines. I will miss you.




      

Back at the Ranch...5/26/11

I really did not intend to become a "Rancher" This was forced upon me.

My lifes work was construction mainly electrical. In the early 2000's I started buying fixing and selling homes. I found I really enjoyed interior design, landscape, then drought tolerant landscape, then historical architecture such as Craftman.

I did everything myself, from sprinklers to painting. Generally I spent 2 years at each home and when I was not doing Electrical Construction Contracts I was woking on the home.

This was a great life. In 2008 I took on a big project. $850K 3 acres and a beautiful Spanish Adobe Ranch Home to renovate. I but 20% down and 100K so far inot it and is is badly under water. Likely I will not get a pay check out of this renvation..ever... So I am ship wrecked.

However, I am shipwrecked in a pretty nice place and it took me a long time not to be bitter about what the economy did.

So I have "taught" myself to day trade and to work the land this is how I am surviving.  

First Post....

Welcome to the Day Traders Ranch.

This site is dedicated to becoming Independant of the strings of society that chain us in many ways.

Here we will discuss important news of the day,  trades that can make us money. In addition, I will share with you my attempts at creating a orgainc farm where I will grow much of what I can consume.