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    5% of traders that make money

    Anyone who doesnt think this is going on is naive. With millions at stake, it becomes easy to talk thru secret channels without ever getting caught. Hell, anyone can get military grade encryption with chat clients and talk directly to the guy on the other side of that firewall on a third...
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    how long did you take to have a profitable year?

    The question needs to be reworded to: " how long did you take to have a profitable year that wasnt based on luck? " Then my answer would be 4. Otherwise, its 1.
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    Why do folks reveal Profitable Strategies, are they NUTS?

    True if you have a mystical belief system. A scientific based belief system is exactly the opposite. Belief comes last, after things are proven. Belief first = irrational. Belief first in the markets = great way to go broke fast. Hey, I have a system that will make a million dollars a...
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    Housing starts plunge 14.3% to 10-year low

    As for zillow, its so lagging it worthless. Homes in san diego keep selling 20% below their zillow "zestimate".
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    Hedge Funds and Programming

    I broke 150K a year as an engineer at the age of 23. Broke 200K at 25. I started programming 6502 machine code when I was 9 and picked up 15 computer languages thru my career. The university program was easy to me, and worthless, because by the time I got to college, I was way ahead of...
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    Housing Threatened by Defaults in Sub-Prime Mortgage Market

    Thats a good point about taxes, but many people move because they dont have a choice. Every single friend of mine who has moved away from san diego left because of work related issues. Most couldnt find jobs that paid well enough.
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    daytrading loans

    Funny how this is bad, but loaning a guy who makes 60K a year, $800,000 with nothing down for a home is ok :D
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    Housing Threatened by Defaults in Sub-Prime Mortgage Market

    People need to remember that the average person lives in a home about 6 years. In other words, in the hot markets we will have people moving away, or across town and they will have to sell their homes. At which point, prices will come down because the next generation of buyers do not...
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    RealEstate - THIS WILL BLOW YOUR MIND

    If you can afford a 1 mil home, why in the world would you want to move to smog ridden LA? YUCK. I even hate driving thru the place. You can see the thick band of brown smog as you come over the pass...eewwwwww...
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    Hedge Funds and Programming

    Really good software engineers are a rare bird. But I disagree about the BS/MS comment. The best programmers are the guys who have a passion for it and have many many many years of experience. I agree with your over all point 100% though. My MS degree in comp sci is a joke, its worthless...
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    daytrading loans

    Incorporate, trade for the corporation, then write yourself checks. Then you can show the loan sharks pay stubs. :D
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Ok, answered my own question. Yahoo EPS date on XING is simply missing.
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Time to answer an easy question: seconds Time to scrounge thru 500+ pages of crap to find the answer to a simple question: hours Maybe someone else will actually be helpful here
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    Housing Threatened by Defaults in Sub-Prime Mortgage Market

    Yes, no way we are even close to over. This will take years to unwind.
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Hmmm I thought this method required the stock be in the upper 30% of EPS? I looked up xing out of curiosity on yahoo finance and there is no EPS Actual data. Only estimates. What gives? Is the data missing? Or are you playing this one loosely?
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    Housing Threatened by Defaults in Sub-Prime Mortgage Market

    Homes are not inflated because of the mortgage deduction. Thats been around forever. They are inflated because of the super cheap money that flooded the market after the stock market crash to kick start the economy. Coupled with insane lending standards (500K loans without even verifying...
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    Housing Threatened by Defaults in Sub-Prime Mortgage Market

    Records broken - home prices dive http://money.cnn.com/2007/02/15/real_estate/home_prices/index.htm?cnn=yes As more and more of these stories appear on the front page, the real estate market psychology will change. The slow grind down continues. This will take years to unwind.
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    Buy and Hold Work?

    Buy and hold the indexes and you will beat 99% of the so called "traders" on this site :D as well as 95%+ percent of all money managers over the long haul.
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    Housing Threatened by Defaults in Sub-Prime Mortgage Market

    Ill say it again, when less than 5% of the public can afford a home without extremely low interest rates combined with insanely loose loaning standards, how the hell are homes prices going to go up in hot areas like san diego??? Who's gonna buy them? With the population moving away, and...
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    Housing Threatened by Defaults in Sub-Prime Mortgage Market

    There are no rational reasons in san diego. The population has gone DOWN, as supply has hit record levels. So that aint it. Wages are flat or down if you consider inflation. So why the boom? Insanely low interest rates with non-existent lending standards. which allowed a huge number...
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