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The real problem with the mortgage interest deduction is not if you lose money. It's that if you make over approximately $128,500, your itemized deductions get phased out until you are left with only 20% of your itemized deductions. The gov't takes away $3,000 from your itemized deductions for...

I called every agent in town, asking if I could borrow some real estate and sell it short. It was "unavailable to borrow." I wonder if this implies that other traders will have to repurchase their short real estate at some point, causing it to go higher?

I think Nitro has given the definitive answer regarding what a "bullet" is. You can "roll your own" bullet-- you send an order through your broker to the CBOE as a "net debit" order. I.E. buy long stock and buy a long put at a specific price. For example if GE is 30 and the 30 put is 2.75...

Does that mean the market is discriminating against you for lack of capital?

Just happened to read the cover article and it was a very bullish--not bearish---article.

Sorry, but this is the first time in three years that I've felt the pressure is coming off the market. Having correctly called 10 of the last 2 bear markets, I'm looking--and hoping---for a gap down followed by a big rally. Something tells me the Specialists in RD and AL, who must be...

If you are doing well, you don't have a rent lady.

First, go to hospital. Get cut OPEN. Replace valve with one from a non-Kosher animal. OPEN wide for hospital bill.

If they don't get back to you before the opening the next day, assume you are not filled, unless there is some incredible market-wide dislocation. If you end up with a fill later and lose money, file an arbitration claim. It's one sure way to get their attention, and if you win, they may have...

I remember that TV ad. There was a scene of a guy sitting in the rig of his 18-wheeler talking about how he use's Jake's system to trade futures. Does he place the orders via CB radio? "Yaaaaaahoooooooo! This here's the "bigrig", come back. Gimme 10 o'them April pork bellies an' throw in a...

Somebody ask Cash what his real last name is. You won't believe it!!!

If your expressed intent is to drive the market to a specific level, this is known as "manipulation." It sounds like you are trying to trigger someone's stops. I don't think you should be soliciting people's opinions regarding potential illegal behavior. (Just a word to the wise)

My favorite: I didn't hear the name of the brokerage because I came in late on the report, but an analyst was e-mailing his investment banking department, "If you don't stop pressuring me, I'm going to tell the truth about this stock."

You wondered why I'm no longer with Bright. Two main reasons: 1) I got a better deal 2) I don't need the leverage anymore Subreasons: 1) I was tired of getting up at 3:30-4:00am 2) I had done well enough to take some time off-- a few years---say, 10. My obligations are few. I'm...

In order for your money to be considered part of the regulatory capital of the LLC, it must be in the firm for 1 year from the date you start. I guess Bright doesn't need your deposit to be part of their regulatory capital. Others do. (All of you are getting the benefit of what I learned...

I traded at Bright's Vegas office for 3.5 years. As far as capital and risk, I have seen Bright's balance sheet (the LLC) and the last time I saw equity numbers, Bob Bright and Eddie Franco's $ in the LLC represented about half of the firm's capital. So, he does have many millions at risk...

"...One day, Americans will fear it [Europe]..." A United Europe. What language will you speak. English? Perhaps it's just that Americans are fearful of you communist tendencies and blatant anti-semitism.

I'm throwing this out for everyone to knaw on. I've had a measure of success as a prop trader. I'm willing to teach my strategies to the right person(s), and to back them in implementing those strategies. I'll put up $25,000- $50,000 per trader; they can have leverage of at least 10-1...

OK. Here's the very brief explanation from someone whose been using them for years. A "bullet," or "married put" (so named because you use it to shoot down the price of a stock) is nothing more than a legal way around the uptick rule. In the words of my securities lawyer, it's "a fiction,"...

"...Trading is a privilege...and many have died to give you this privilege..." Are you talking about the rotted corpses of the traders whose pockets I've picked over the last few years? Or, was this perhaps just a teensy weensy little bit overstated? (And please, you can only use the WWII...