Day Trading Stocks & Futures

travi

Well-Known Member
Its an old and popular article, an occasional revisit is refreshing :)

Suppose that once a week, ten men go out for beer and the bill for all ten comes to £100. If they paid their bill the way we pay our taxes, it would go something like this...

The first four men (the poorest) would pay nothing.
The fifth would pay £1.
The sixth would pay £3.
The seventh would pay £7.
The eighth would pay £12.
The ninth would pay £18.
And the tenth man (the richest) would pay £59. 
So, that's what they decided to do.

The ten men drank in the bar every week and seemed quite happy with the arrangement until, one day, the owner caused them a little problem. "Since you are all such good customers," he said, "I'm going to reduce the cost of your weekly beer by £20." Drinks for the ten men would now cost just £80.

Contd...
The Tax System Explained - Using a Beer Analogy — MOORE
 
10-12-20 NF 3M chart. accumulation. very complex one not able to read it properly and missed the long trade.
 

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