A plethora of modern design - vintage and rare books and objects.
The NYPL Picture Collection Online
Digitized images mostly created before 1923 (possibly pubic domain) from the New York Public Library.
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Coherent Response to FairTax Critics
Neal Boortz, co-author of The FairTax Book, has posted an excellent scenario for you to ponder if you are a critic of the FairTax Plan (H.R. 25 and S. 1025).
If you are unfamiliar the idea of the FairTax plan, it takes ALL taxes in this country (corporate, income, capital gains, social security, medicare, etc.), which are essentially taxes on income, and replaces them with a tax on consumption (a federal sales tax, if you will). If you haven’t read the book, I highly suggest you do. If you read the book with an open …
Constructing Your Trading Plan
This article was originally released as a followup to “My Super Secret Trading Technique” (which is now “Understanding Leverage”).
In part one of this article, we discussed the importance of money management as part of a good trading plan. We also had a brief discussion of how to adjust your risk exposure in the futures markets. Now, in part two, we will take that knowledge to the next level and discuss position size as it relates to your trading plan
Position size, while it may sound simple, is actually a complex topic. It is no secret that a great deal of the success of the Turtles is attributed to their mastery of money management, and more importantly, their ability to adjust position size appropriately. Even if you are a small account, able to only trade a one lot, you need to consider position size in your money management approach. Otherwise, how will you know when to increase size based on success, or hold off trading until additional capital can be raised.
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