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Let me remind all participants that politics, political theories and any other theories are out of place in futures.io, which is a trading forum.
There is a relevance to the covid situation in relation to economics and to the markets, but let us keep the discussion focused primarily on trading issues that arise from the topic.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
Bob, I agree regarding politics. However, if we're going to have people posting false and misleading information that is not subsequently taken down, I feel like said information ought to be countered. Fact is, people ought not post BS information. That said, I will stand aside.
Should not be too much. We trade from home anyway.
On a personal level, we (my trading wife and I) have to wonder what has happened to the critical thinking abilities of our fellow Americans and Australians (as my trading wife is Aussie).
This fiasco is reminiscent of 9/11. With the deaths of 4500 ish folks, our society was affected in that commerce came almost to a standstill. I call it overreacting.
I believe it is completely bizarre to alter the lives of over 300 million residents because a tragedy occurred to a very small percentage of the population.
Here is a sane response to covid:
That "dangerous governor of South Dakota" did not lock down the state. No masks mandated.
Here are the stats from today taken from Google:
200 deaths (of course that number is probably untruthful)
18,444 cases.
Population: 858,469
Just using the larger number that of the cases:
18,444 divided by 858,469 equals: .02148.
.02148-100(percent) equal: 99.97852.
So.... In South Dakota, the governor believes that she does not want to punish the 99.97852 percent of the residents by altering their daily working lives and wreak havoc on their citizenry for the microscopic amount of folks affected by covid. She has a critical thinking mind!
So, take any city, any region and yes even Victoria QLD. or Melbourne Victoria. Do the math. You will come up with the same stats. Right around 99.99 percent unaffected.
So the argument that lockdowns are the reason for curbing the infection rate does not hold water. See South Dakota. See Sweden.
When the news says: "cases double this week" can mean that cases went from 2 up to 4.
Fellow traders, we trade by probabilities. Pick any location on the planet and the probability is that there is a 99.9% chance that I won't or you won't get covid yet alone die from it.
If I see a trade that has a 99.9% chance of a good outcome, boy you better believe I will take it.
There is a higher chance that I will get hit by a rogue bullet from my distant neighbor target practicing or killing that grizzly in his yard than me getting covid.
If you want to see Orwell's "1984" in action, just youtube Melbourne Australia news. You will see the unmasked police carrying away peaceful protestors protesting the unending lockdown decimating the lives of workers, small business and employees.
That's why here in Montana, we like a well armed community. Unfortunately for Australia, self protection is limited to a 1.5 inch pocket knife and a pitchfork.
Unfortunately, my former home of 59 years (Seattle 20, Leavenworth 39) is a few steps behind Australia. Ya'all enjoy your serfdom.
To our friend in Point Roberts, I trust that you will be able to navigate being isolated up there. Very irritating for all the kids too that play sports there. If you get sick of it, Montana has lots of room for people who love their freedom.
I think you can add coronavirus to the laundy list of Things That Divide People. Everyone has the data to support what they want to be true...errrrrrrr...what they think is true. () And everyone seems pretty certain that the other side is populated by unreasonable actors. Maybe this is anecdotal, I suspect it isn't, but it seems like a common phenomenon that people are letting their political biases shape the way they view the pandemic. Which is...un-rigorous. So it becomes silly when people get excited about this stuff in that way. (Or maybe I'm a jerk. )
But I think this ties into trading. I think the coronavirus pandemic, in a way, exposes our proclivity to allow our biases to shape our projections. We naturally want to think that those taking the other side of the trade are ludicrous. It's easier to allow some data to have greater weight than other data if it supports what we want to be true...errrr, think is true...errrrr, is true? We welcome confirmation bias because it is nurturing and nice and indulgent. . I think the reasons most people fail at trading are all behavioral. While we are trading these idiotic behaviors make our accounts go bye-bye. In real life we get away with being idiots. .
Most probably not since blodgivers already 2015 have been found being immune at the time of giving blod. It has been around for along time chopping around until it finally made a breakout to add some trading terms.
While this clip features a political figure, and there are parts of it that are about his political views on other matters, the covid-19 portion is more about the question of when herd immunity is reached and is not overtly political (one could argue otherwise, but not at least on the face of it.) For that reason, it has been allowed to stand, even though it skirts the edges of politics, including in the covid-19 section.
I just want to caution everyone again about politics as opposed to trading information. The covid situation inspires strong feelings and strong views, but this forum is dedlicated to trading, and political issues do not have a place here. Since politics and the effects of the virus will impact the markets, there is a place for discussion of the possible impact it may have on markets, but not to express political opinions on either side.
With the election approaching and with covid having emerged as an important election issue, the no-politics stance of futures.io is doubly important.
Pure political expressions will be deleted as inappropriate. Posts that skirt politics will be assessed on a case-by-case basis, but adding to the political controversy is not the mission of this forum, and whether it does or not will be the basis for any decision.
There are plenty of places on the internet for politics, but this is not one of them. I hope everyone takes this to heart going forward.
Thanks.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote