Welcome…

ScottWelcome to The Capitalist Trader, where I discuss markets, money, and math, while promoting reason and liberty. I’m Scott, better known around the interwebz as Capitalist, and I’ll be your host.

If this is your first time at The Capitalist Trader, you may want to read about the site and maybe even a little about me and my mission.  Have a question or a comment? Head over to the Contact tab.

I’ve traded several different markets including equities, fixed income, and options since the 1980’s (yep, I’m old).  Since 2004 however, I’ve concentrated on the foreign exchange, or Forex, markets. Many of the trading resources you’ll find on the site relate specifically to Forex.

So come on in, make yourself comfortable and…keep pipping up!

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Weekly Update – 1/13/2018

Greetings!

The account lost 0.28% this week, bringing the equity to 156% of inception value.

To get more details on how I trade, take a look at the Trading Profitably page.

Until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Weekly Update – 1/6/2018

Greetings, and Happy New Year!

The account lost 0.77% this week, bringing the equity to 156% of inception value.

To get more details on how I trade, take a look at the Trading Profitably page.

Until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Weekly Update – 12/30/2017

Greetings, and Happy New Year!

The account gained 5.55% this week, bringing the equity to 158% of inception value.

To get more details on how I trade, take a look at the Trading Profitably page.

Until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Weekly Update – 12/23/2017

Greetings!

The account lost 1.81% this week, bringing the equity to 149% of inception value.

To get more details on how I trade, take a look at the Trading Profitably page.

Until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Weekly Update – 12/16/2017

Greetings!

The account finally had a good week, gaining 7.07% to bring the equity to 152% of inception value.

To get more details on how I trade, take a look at the Trading Profitably page.

Until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Weekly Update – 12/9/2017

Greetings!

The account lost 2.49% last week, bringing the equity down to 142% of inception value. So the drawdown continues.

To get more details on how I trade, take a look at the Trading Profitably page.

Until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Weekly Update – 12/2/2017

Greetings!

The account lost 2.89% last week bringing the equity to 146% of inception value.

This is the latest week in a long, slow, shallow drawdown that began at the beginning of September. As a contrarian, I have to get used to these, I suppose. The nature of the strategy is to build positions as they go against me until they finally turn in my favor.

To get more details on how I trade, take a look at the Trading Profitably page.

Until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Weekly Update – 11/25/2017

Greetings!

The account was essentially flat, gaining only 0.04% this week. The equity remains at 150% of inception value.

To get more details on how I trade, take a look at the Trading Profitably page.

I’m almost through with my initial Twitter ad campaign for the site, but it hasn’t generated much interest. I’m thinking there’s too much get-rich-quick hype out there, so my kind of slow, low-sizzle approach doesn’t resonate much.

I’ll continue my trading operations of course, but I’m turning to other ideas to increase my income and fund the account to an acceptable level. I’ll still be updating the dashboard for now, but I won’t be spending any more time or money on marketing over the foreseeable future.

Anyway, until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Posted in Site, Trading | Comments Off on Weekly Update – 11/25/2017

GOP tax plan – a rebuttal to the rebuttal on SALT

Greetings!

As the Republican tax plan wends its way through the legislative process, both sides have (of course) deployed their various bullet lists of talking points to the fiscal battlefield. One of the key strategic hills on this battlefield is the elimination of the deduction for state and local taxes (SALT).

I’ve seen Treasury Secretary Mnuchin deliver the main GOP talking point on SALT a couple of times (when he’s not mugging for the camera with a sheet of money). The argument is that it’s not fair for states with low or no income taxes to be subsidizing those spendthrift states with high taxes.

Sounds good to me, but here’s the standard rebuttal from the Democrats. They’ll point to New York state and say “Look! New York’s not being subsidized. Why, it’s a donor state! It sends more money to Washington than it gets back!”

I’m sure that’s true. However, I haven’t yet heard any GOP tax cutters rebut this argument by simply pointing out why it’s true. The reason New York pays so much tax to Washington is because many of the “millionaires and billionaires” (that the tax and spend left loves to hate) live there! It’s a result of the inherently unfair progressive tax system. You brought it on yourself New York…by electing the very people that imposed this on you!

End of rant! So now it’s time to…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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Weekly Update – 11/18/2017

Greetings!

The account was up for a change, gaining 1.00% this week. This brings the equity to 150% of inception value.

To get more details on how I trade, take a look at the Trading Profitably page.

Until next time…keep pipping up!

 

NOTE: As always, comments are closed due to WordPress spambots. However, to comment on this or any other post, just go to my Forex Factory journal or Cap’s Forex Musings on Investors Hub.

 

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