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We always hear about the winners. We so proudly share what we did...Made a killing!! I'd like to get a thread going on some of your biggest blunders in trading and business. I'll share 3...Hope some of you will be bold enough to swallow your pride and share one or two disasters of yours. My...

From above...I was wrong, there were bid and ask during that crash. When the SEC put in circuit breakers, the market will stop and reset...Up to them when they reopen. Also 9/11 had a major effect on markets... The opening of the New York Stock Exchange (NYSE) was delayed after the first...

One last thing and then I am out. I remember the "Flash Crash" of 1987. There were NO markets for shorts. There were no markets!! Bid/ask on some stocks/options went away for a few hours. Just keep this in mind as you work your system. Below is from Wiki... Black Monday (1987) From...

You said: For those who trades NQs, how do you exit quickly? I'm a point and click guy(yeah, I know slow). By the time I see it and decide to get out prices have moved and spike up(when I'm sort). Thus not being able to realized my gains even though I was right with the direction. I'm...

Sorry for your loss. I was a farmer (almonds), Realtor, and had (have) rentals. Fair income (assets) but no benefits. I sold the farm, dropped being a Realtor (hated to network). The last 10 years before retiring I was a security guard!! Yes, I had net assets over $1,000,000. but very...

If you have a two hours, this might give you perspective...Great movie.

Didn't read the whole thread...Today 32 pages. Just wondering if you have a balanced outside life? Walk the dog, dinner with the wife, Frisbee golf? 40-50 hours in the corporate life + day trading on the side...Could this lead to an early heart attack? Just asking...You know your limits...

A year or so ago I saw my CX add some stock to my account (odd lot). When my option expired, I held an odd lot...311 vs 300 share. Will companies just add stock when adjusting for currency ratios? And how often do foreign companies do these adjustments? I never saw GSK add stock...They just...

I live in California...A note and deed of trust state. A deed of trust state is much more easier to foreclose on than a mortgage state. Most lenders love deed of trust states...Many lenders wanted loans from CA. It is also what got us into the mess in 2007-2009. I believe a mortgage has to...

Former Realtor from California here. I saw two notes and deeds of trust use "nondischargeablity" clauses in the loans. I wrote one and my father in law wrote one. One was on a CPA's house (should have know better). The other was on a used car lot...Business. I don't know what the BK judge...

I heard years ago one guy's hard drive crashed...No back up!! Fun fun fun...

Cliff Notes...Don't read the math (Xs and Os [means/standard deviation])...Look at the graphs (WFC/XOM). It is (was) better than buy and hold on these stocks. For me, leaps may come into play for the trust accounts (tax issues)...Long term vs short term. They don't come into play with my ROTH...

It seem that in the study, the covered call worked the best on the boring, mature, industry leaders (WFC and XOM). For the growth stocks (high flyers), the cover call didn't work as well. That is why I choose stocks like WFC, XOM, ADM, T, VZ. They are industry leaders, mature, consistent...

Both Morgan Stanley (years ago) and Schwab (maybe even Fidelity) have declared they were the market maker in the trade. As long as they disclose it, I think they're fine...

I see the stock ticket go by...Yahoo! Finance. It may even get into .001 per share...But I can't trade there. Is that fair for the market? I am seeing people jump in front of my orders all the time!! Yes, I know about HFT. And "NO" I am not doing an "all or none" position. If I went on to...

I hear you. I had a little over $3,000. sitting there in my Roth IRA...Money market account. Didn't know where to put it. I've owned PPC before and it has done me well. SAFM has strong fundamentals. Just playing "the poor man's chicken"...

I bought 100 share of PPC in my Roth IRA today...$24.74. I then optioned the Sept 2018 $25. for $2.75. Just a general trade for me. Had the extra cash. Much of the US eats chicken. Many ethnic groups will eat it, while many will not eat pork. It can be frozen and sent overseas (Asia)...

I was working at a Hershey plant in California about 10 years ago. The place was falling apart. So many projects needed to be done!! Upper management needed to make their quarter numbers...At all cost. It was for the bonus. After the start of the quarter (or year), all the projects...

Ironchef, I think of Warren Buffett a few years ago buying a railroad. Many thought he was insane...Or too old to make wise choices. We all know you never won at Monopoly buying railroads!! I would have thought the man insane if it was anyone other than Buffett. We knew he had a game plan...

If VZ is at $28...You are right. I have lost money on paper...On paper. I have made more than a buy and hold would have made (widow and orphans). I then can write another call. It needs to be a great, mature company (industry leader/large market share). Write it as a leap...Way out of the...