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The answer is right in your first post. You need a system that you believe in, then you will have the courage to take your signals and run with them. SpecterX above has a great suggestion: get three or more systems going at the same time. Find some that work under different market...

A young man came to wash my windows last year. He had a large wooden folding sign that he put in front of each home he worked on, which said, "I am paying off my college loans by washing windows. I'd like to wash yours. Phone xxx-xxx-xxxx." When I called him, he came right over and was...

The expectation on all options trades is around zero. So many people here, including some of the pros, do not understand what expected value is.

This is probably the best answer. Another possibility is: roll them way out in time. The truth is that there is no really great way to adjust these. The condor or butterfly at this point is one answer. But you clearly would have been better off with such a position in the first place...

where have I read about Israel?

Here is the disease all these people have: http://en.wikipedia.org/wiki/Narcissistic_personality_disorder NPD affects about 1% of the population. Every one knows at least a few of these people. If you are successful or are in a profession related to sales or any type of wheeling and...

Nice work! Stocks scare me--I think I might want to use ETFs. I am remaining on paper for now but am interested to see your trades unfold.

The spending is an anesthetic for their self esteem that they don't want to confront. As long as they are spending, they don't have to think about anything that is real. There are many anesthetics that people use: drugs, alcohol, food, toys, work, TV, sex, spending, gambling, trading...

I have not used these, but am interested in them. I am just starting to paper trade them, but usually not at a ratio of 1:2. Usually 2:3. These are more vega neutral. I wonder if you have experimented with different ratios.

Fascinating article. Thank you for posting. I knew in the first few paragraphs that he had Asperger's. For him to be unaware of it seems almost impossible given his educational background.

I tried to look into these shops several years ago. But they did not have franchises in my state--they were all company owned stores. What do you want to know?

It's an interesting idea. There is a heated discussion about real estate investing in another current thread. Perhaps some of the property investors can chime in. I have never used this, but am told it's an excellent tactic for getting rid of a nonpaying tenant--give them a few bucks to...

I don't even have a HD or plasma to throw away. I'm still waiting for my 7 year old $89 Chinese TV to croak. It could be a while. My old cheapo Zenith lasted 15 years. By the time I'm ready, the actors may be putting on the show live in my living room. (god, I hope not--I wouldn't want to...

Buying OTM call at next strike is one way. Buying synthetic stock ATM is another (a bit cheaper than adjusting with the underlying). And you must always consider the possibility of simply folding, especially if you are near-month or in a volatile underlying or some significant news is...

Here are just three of my real estate experiences: 1) Rent out a condo for a year, then the HOA passes a rule that no one can rent out their condos. Sell the condo in a falling market after it has been vacant for almost a year. Yes, I know the HOA was probably doing something illegal but...

Congratulations, Calculator. Although I disagree with your sentiments about paying off a house (in another post), still I am very happy for you. As for the bank, I've had the experience of nearly getting ripped off when paying off a loan. I sent a payoff amount that was somewhat greater...

You would be doing yourself a favor to read a macroeconomics book that explains time value/annuitization/opportunity cost of money. 'Money now' is not the same thing as 'money later'. Especially in inflationary times (stay tuned, they are coming up) being a borrower is an enviable position...

As someone with extensive experience in both real estate and options investing, I agree that the above is good advice. Buy some quality dividend stocks and sell slightly out of the money calls on some of your shares. Do the same with some ETFs that are not correlated with stocks: TLT, DBA...

Why? The military provides two types of jobs/industries in the US: 1--The defense industry. There is no reason why that would have to come to an end. We sell many weapons to others now; we can just as well sell all or most of them to others. 2--A sort of parallel welfare system that...

Thanks. Talk more about it, please. Your thoughts always command respect here. Do you mean sort of a double backspread? Or do you mean having more call spreads than put spreads?