Search results

I'm in the Pacific Northwest. I lived in California for many years, but moved out because of the cost of housing. I would like to move back someday. There is no better climate. For the short term, I want low taxes and low cost of living. I like the idea of being able to pick up and move...

I believe that is the way most lenders view it. The problem is that our means can sometimes change, yet the debt remains. I have been very reluctant to take on debt, and consequently I have a fairly high credit score. But I have been told that my score would be even higher (and my cost of...

I used to be self-employed as a computer consultant, and my ability to qualify for conventional financing was impaired. Now my only source of income is daytrading, and I assumed getting a mortgage was out of the question. What I am finding is that with a good down payment (at least 20%) and a...

Here is an interesting article that talks about that: http://www.frontlinethoughts.com/pdf/mwo032808.pdf http://www.frontlinethoughts.com/gateway.asp

Probably the biggest problem is real estate investing today, and especially in foreclosures, is the overwhelming number of properties affected. There are undoubtedly bargains to be had, but finding them requires much time, effort, and expertise. Possibly the best deals right now are in...

One of the more common abuses is called "equity skimming". The investor takes possession, then puts renters in the property. He keeps the deposits and rents, and pays nothing toward the mortgage, taxes, insurance or maintenance. The lender, tenants, neighbors, and possibly the former owner...

Foreclosure buying can be profitable under the right circumstances. Foreclosure involves a forced sale, as distinguished from a voluntary sale, and property owners may lack the resources to effectively defend their equity. The profit potential is in grabbing that equity before or during the...

Thanks for the clarification. My mistake -- trading via Bright last year would have doubled my commission expense.

I don't understand this statement. I averaged 944.25 shares per trade last year with IB's bundled rate (0.005), and I found it very worthwhile. I only wish I could do that well every year. I probably should look into going unbundled.

http://www.opentick.com/

I believe that if you use an entity (LLC or corporation), the exchanges will regard you as a 'professional' and charge higher licensing fees for data. That was my experience with the NYSE anyway. Setting up a 'C' corp is easy enough, but there are things you should know. If you lose money...

I would disregard the big gains entirely. They may happen in actual trading, and you should regard them as a gift from the gods. If you can achieve 35% in actual trading, with no liquidity constraints, you may have an excellent system. Kick butt!

If you placed your order by telephone, you could check the tape to verify that you specified two contracts. Brokers are required to record all phone calls. If the order was correct, the broker should give you a price adjustment for one day's adverse movement. After one day, they no longer...

Any trader who doesn't worry about losing his/her edge either doesn't have one or isn't serious about this business. I knew several good momentum traders who made a lot of money in the late 1990's. When the liquidity (and raging bull market) dried up, they couldn't find anything that worked...

A trader trades because he must. Whether it is worth the sacrifice is a nonsense question.

I have been with IB about 5 years now. As far as I know the only fees they charge (other than their stated commission) are fees that are assessed by an exchange or regulator. So the answer is: yes, maybe.

I was in a similar situation. I was a programmer/systems analyst/manager. I was bored with my day job; I had an interest in trading; and I found the day job too draining to allow me the time and energy to study trading. I was single and thus able to cut my living expenses. What worked for me...

MSNBC is getting pretty good at ambush journalism. I was trying to think how I would answer that question, and I couldn't come up with anything the senator has done either. Then I realized that I can't think of any legislative accomplishments for Clinton or McCain either. What about Huckabee...

You're confusing simple with easy. Developing and trading with a system that has positive expectancy is quite simple, but not at all easy. First, it's not easy to find a system that has positive expectancy. Second, it's not easy to blindly apply a system, especially when it starts losing...

This is the tip of the iceberg of what I am wondering. I am finding that there are a lot of considerations with NYSE openings, some of them quite subtle. I just built an app to trade this way, and I am still placing 100-share orders as I work out the bugs and get a feel for the system...