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I trade what I see. I don't take too strong of an opinion and do my best to follow the five fundamental truths that relate to skills set forth in Mark Douglas' "Trading In The Zone" I keep a strong sense of humor especially when I am getting my ass handed to me. I chat with my mentor as...

LOL

There are no other shoes to drop. Until they drop. The market has bottomed. Until it has not. Anything can happen. And it will.

Good find :cool:

No. Also, it hasn't been a "subprime" crisis for many months now. We are all subprime now. You, me, and Thornburg Mortgage etc. Shorting can be treacherous however due to furious bear market rallies out of nowhere. Be nimble and don't try to pay for $5500 hookers on your credit card...

While I don't in any way or shape believe watching CNBC creates a trading "edge" I will share the crazy experience I had while watching at a distance in my trading room in mid August while I had 3-4 decent size long positions...saw the dow literally gap down 300-400 points on the (cnbc) screen...

The above is absolutely brilliant IMHO. The two most important things my mentor told me and I follow to this day: 1. NEVER hold (a "trade") into earnings 2. Read and make "trading in the Zone" by Mark Douglas your trading bible Other than that, anything can happen at any...

nmx statement: 5:47PM NYMEX issues statement in response to DOJ opinion letter (NMX) 87.80 -18.78 : NMX believes that a market-driven regulatory structure can most efficiently and safely meet the needs of a broad array of derivatives market users, particularly during dynamic periods of...

I took a decent hit in CME today. Bought initially around 540 added some then cut the pain when it broke 500. I've watched and traded this thing for a couple years now. Every time it has been hit in the past it has rebounded. I've seen days when it's down 30 or 40 and turns green by the...

It appears the only reason it's up after hours is this http://www.reuters.com/article/marketsNews/idUKN0654198220080206?rpc=44 Seems more reasonable that some brokerage upgraded after close today? 8.5M shares traded a record on CME? also bloomberg latest...

When you are nearing your stop and your stop dictates your loss will be $3000 is when the real fireworks begin. The funnest part is when you take the stop loss and the market proceeds to reverse in 15 minutes bringing you back to what would have been even but you already took your stop. good...

"If good news and stock does nothing"=Bear market If bad news and stock gets it' s lips chopped off=Bear market=VMW Bear market rallies are as vicious as well. Timing is everything as I'm sure the "elite trader" will tell you of which I am not one.

That's some funny chit man thanks for sharing:D

HE HAS NO IDEA! BILL POOLE HAS NO IDEA! BILL POOLE IS SHAMEFUL! LMAO! Starts at about 2 minutes http://www.youtube.com/watch?v=rOVXh4xM-Ww :D

I thought seriously about selling earlier this year. Did some serious due diligence and spreadsheets and concluded it was foolish even if the value of my property depreciated over $100,000. Here's why: -Paid $650,000 with $150K down. -House was brand new when we bought it. -Love living...

Sarcastic. I was being sarcastic. The two most interesting things for me in the 60 Minutes piece was finding out he was married to that gal and that he got 8 million dollars prepayment for the book. The latter item reveals much IMHO. Oh, and he said house prices would come down...who...

Nothing

"It wasn't supposed to happen like this. Today's home builders were thought to be better-capitalized, savvier and more geographically diverse than many of their predecessors in the last downturn, in the early 1990s. While many are expected to weather the slump, concern is mounting about the...

Agree mostly. Your market (seattle) has been pretty resilient. Still, one cannot take the media bullsh*t numbers and apply them across the board for all real estate markets. Look and aapl, bidu and crox (after hours) today...you get my drift... still...I am not totally sold on the fact that...

I can show you at least 4 foreclosures that hit the market in the past 7 days in Carlsbad area that are already in escrow. Carmel Valley is one of the most stable markets in the continental US at present. I would submit that Olivenhain (submarket of Encinitas 92024) is quite possibly the...