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I already answered that question. The break out is an old strategy.

Your correct! The only problem is that most people ARE overspent and can't catch up and they can't refi because they don't have enough equity to borrower against to pay off high interest credit debt?? That's the rubbbbbbbbb.

Also, we are doing away with the Option Arms. In addition to that the new credit scoring model will be out soon and that will change the way people qualify for a home loan. The time to refi is NOW! within the next 90 days most people will not be able to regardless of how much equity they...

Your only assuming that the house will continue to appreciate at the national average of 3-6% per year. That might not be the case especially in a cooling market where there are not that many available comps? Also, the appreciation has to make up for the lack of equity in the house. If the...

He is basically telling you to put your money in a Money Market Account. In other words you will have a better chance making a profit in the long term. In this case over the next 12 months if you don't tough your money and leave it in the bank. On the other hand if you were a consistant money...

Your on the right track ..............but........ Remember, the Option ARM was intended for the Self Employed borrower NOT the Wage Earner. Although the client has the ability to pay only the minimum you must keep in mind that you are only paying a portion of the interest payment. So if...

Basically this does work to some extent. It's a classical breakout strategy that was once popularized back in the late 90's for trading the E-mini S&P 500 & the E-mini NASDAQ 100. The strategy works well in trending markets. During a choppy session you will be whipsawed. But overall the...

I would have to disagree. As a Mortgage Professional who specializes in "90% LTV Foreclosure Bailouts" I can tell you 1st hand that the people I'm bailing out are hard working people. Most of whom where once A+ credit borrowers who lost a job, spouse, child or became terminally ill. It is...

You missed the point. They do pull credit at some brokerages to determine if you can even open an account there. I should know. I was denied by a firm because of a prior BK. However, a Larger Firm allowed me to open and well.........the rest is history.

However, if it breaks support it could be at 1.1700 by the end of next week.:eek:

Again, you are not comparing apples to apples here. The subject matter is about the Trading of J.L. not about Donald Trump who has made his fortune in Real Estate. Also, The Donald - Did go broke and lost it all and YeS he did make a come back. But this thread is not about comebacks in Real...

Perhaps you are not a successful trader so excuse me if I ruffled your feathers a bit.:( You are misunderstanding the point. The point is that WE have access to information that he did not. WE have access to technology that he did not. Just because you have 2 people with the the same...

Let me clear up some misunderstandings on this topic. 1st. since the Patriot Act Brokerages ARE pulling credit reports on accounts. They run your SSN to make sure you ARE who YOU say YOU are. 2nd. Leverage/Margin is determined by the risk profile of the trade as determined by the Futures...

You aint seen nothing yet. Lenders are foreseeing a rise in foreclosures so they are doing away with Option ARM's and the like. Look out!

I can not believe how people are blinded to the genius of J.L.??? In a nutshell This man did not trade for wealth. He did not attempt to beat the market. He traded with the market in order to MASTER the market. Michael Jordan MASTERED basketball. That does not mean that the Chicago...

I'd opt out and trade the "mini FX market". You can manage risk like trading 100 shares of stock. Not much on the capital gains side. Great tool to learn how to trade without getting your face completely ripped off.:D And if you loose all of your money I can lend you some more capital.:)

Yup. The market is cooling but my business is great. I'm a Hard Money Lender and I do a lot of Foreclosure Bailouts and BK buyouts. If the market tanks I still make a good living. Being a private money lender helps to finance my trading.:D

I make my living on those that lose a lot of money. I practically finance every losing trader out there. I'ts because of them that I'm able to be profitable in lending money. Because I'm a Hard Money Lender I can lend without taking into account how messed up a traders credit report is, or...