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I joke about this but seriously, in the Orlando, FL area, growth seems to be all the new Amscot (payday advance loans) businesses, Dollar Stores and Pawn shops. Not a good sign IMO. Joe.

Stock trading does not exist in a vacuum. Your comfort level for taking risk is surely affected by many other factors. Having a paid off house can increase one's comfort level if they don't have to worry about making a mortgage payment every month. On the flip side, I have seen sales...

Assuming you don't have an interest only mortgage, I would pay off the mortgage as long as that still left me with a "decent" amount of cash. My definition of "decent" is to have enough cash to prevent me from having the need to take out another mortgage on my house based on possible future...

"what you propose would only attract gamblers who "think" they know how to trade" I think the above says it the best. The interesting thing about this is, even if you could get a profitable trader to take you up on your challenge, it really does change the dynamics. Trading with someone...

You are correct. I purchased my first home in 1981. I put 20% down, assumed a first mortgage at 9.5% interest which represented 1/2 the price of the house and had a second mortgage for the remaining thirty % at an interest rate of 17 1/4%. :eek: Joe.

"i dont care about getting laid" :eek: First, what plans if any did you have before you received this money? I would park the money in something safe (like a CD) for the time being until I got a handle on what I really want to do. I think it would be better for you to pursue...

#3. Because I would still have 3 grand left. :) Joe.

Someone has to pay for the stock. If you don't have enough funds (or buying power) in your account to pay for the stock, you have to do something (and if you do nothing, your broker will do it for you) to cover the cost of the stock put to you. Joe.

"My favorite equation of these amateur "traders" is Selling Naked=Income." Income = CD's, Bonds Option selling and/or buying has a negative "income" expectation without an "edge" (Zero Sum minus commissions and spread). Don't let anyone convince you otherwise. Joe.

You are correct. The (C)ombination formula is: nCr = n!/r!(n-r)! where n = # trials and r = # to be selected. Not sure about a shortcut but it can be solved one of two ways, how many meet your criteria or total trials minus how many do not meet your criteria. I will use option 2 since it...

I think you have a typo. At the moment, more like a social disease. :eek:

I don't want to rain on your parade but here is my honest opinion. You write that you have a profitable system, but took a hit (apparentely broke). Well, the two don't go together. You write that you know why, but I would say that you "think" you know why "this time". Many have written...

"Anyways, the system's semi-proven (30% profitability over 4 weeks of trading. 22 days of trading. 16 gains, 2 even, 4 losing days. I believe I stood at about 300+ trades when it was all said and done)." The problem is the statement above. Only 22 days of trading? Semi-proven? Unless there...

The concept is, if you have a record that is worthy, then you should have already proven that you can make serious money greater than the averages at which point you don't necessarily need to start a hedge fund. However, if the above is true and you want to step up to making very serious...

The tone of your post tells me (whether I believe that you are successful or not is another question) that you are not a "people person" and therefore do not have it in your nature to be a "teacher". Joe.

No offense and with all due respect, if you have to ask this question, it would be hard for me to believe that you would have a record that would be worthy of serious consideration. Joe.

25% of profits? Joe.

I don't understand your beef with T-Bond investors. Why does it matter to you? Remember, to get a rate of return greater than a risk-free rate means there is risk involved, regardless of how little a risk you believe there is. Some of that hedge fund money looking for better returns is...

Humpy for President!!! :eek: :) (but if you are outside looking in, you may not be eligible) Joe.

"How Dumb are T-Bond Investors?" I would say that most T-Bond investors are not dumb at all. I would suggest to you that anyone that does invest in T-Bonds, has enough assets not to be overly concerned about the rate of return. Some people are never satisfied. But if I have more assets...