Search results

You went commando on your first home? That's scary. How did you know you weren't buying from some guy who was just housesitting for a couple weeks? Did you remember to get title insurance / do title search, file the deed with the county, and all the other stuff? If you had no idea what you are...

Why not just trade currency futures? If you only have $100 and just want to gamble on nano-lots, that's cool. But for real capital, I would choose a regulated futures market.

Contrarian positions only work just before a crowd changes it's mind.

If I can make money in it, I'll take it! :D

I praise neke for the strength of his trading convictions, something I completely lack. neke is often wrong, but never in doubt. I don't even trade, I just "look at the squiggles" in the evening, as my wife says. I will be happy when I can make a leap the size that he does without worrying...

What's stopping you from going fully automated? Too much gut feeling in your rules? Sounds like you have a good plan, do you still lack confidence in it? Also, your attachments are boring. :p How about a graph?

How is PnL calculated? Daily? Monthly? Per trade? Let's say you put on 2 trades, the first is -$200 the next is +$1000. You have a 50% agreement. Do you get 1000 * 50% = 500 - 200 = $300 check? Or is it 1000 - 200 = 800 * 50% = $400 check?

A paper copy is only in transit and available for theft for a few days. The thief or his agent must be physically present somewhere between sender and receiver, intercept the mail, and either steal it outright or have the technology to open, copy and reseal the letter. Once the letter passes...

Mini-gold seems a little thin and choppy. Do you watch GC for movement, then pop in an order over on minigold?

So all I have to do is call your broker and say "Hi my name is Lethn. I can't log in online. Please liquidate my positions and transfer the balance to account number xxxxxx..."?

"Odysseas Papadimitriou" Greeks have all the cool names.

Lie on the application, and one fine day something goes wrong with your account login. You contact support, please send us proof of identification, umm the birthday's don't match. I'm sure you will eventually get your money back, but what a headache in the mean time.

The book says that if you have a statistical edge, enough capital to cover the drawdowns, and your rate of return is high enough for you (10% a month? 1% a day? whatever your goal is), then you should go for it. Me, I'm working on a strategy that has a very high win ratio, even at the...

The most shocking thing I saw is that there are 20% more African American females in the workforce than African American males.

An ex girlfriend from long ago had parents who bought a rental with a target for section 8 tenants in the north bay area of California. The county had a huge program for landlords that provided low income housing because it was so expensive to live there at the time that they had to encourage...

I bet you didn't set a stop loss and profit target at least mentally before you took this trade. You thought you'd trade cowboy style and said "Yeehaw! I'm gonna ride this sucker for as long as I can!" AmIrite?

A 40% loss is part of the game, no matter account size. I haven't lost that much to the market yet, but I have lost 100% of invested capital several times in other business venture. Make sure you learn something from it.

I "invested" through eTrade, a couple dozen stocks in total. Every one of them went up, but I knew nothing of profit targets or stop losses and believed the buy-and-hold myth. Rode half of down to losers, and gave up about even. I still have an account there, and eTrade hasn't really changed.

I was in mortgage biz a few years back. The ARM's aren't great, but the really horrible loans were the interest only's and neg-am's. Those borrowers never stood a chance.

If you believe that inflation is on the rise and coming to stay, the best thing you can do is borrow money with a *fixed* interest rate. Even a terrible loan at 10% will be gobbled up with a couple years of 5% inflation. Spend today's dollars on something with intrinsic value, and pay it...