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With all due respect, it is fine to tell people on an individual level to work hard, get more education, become a vet, whatever. The fact remains that society needs more grocery store clerks than vets. There are plenty of people who like to work very hard, and don't want to attend (or aren't...

Thanks Volente for checking my numbers earlier; I just totally spitballed the tax number and obviously there will be regional and state differences on taxes and living expenses. Move that 30k income family to CA and see how screwed they are. Basically we all seem to agree that you can survive...

You are right of course TraderZones. My parents raised 6 kids during the 60's and 70's mostly on one income. My father was self-employed so we didn't have company-sponsored health insurance or pensions. In fact, I'm pretty sure that for the most part, we just had to roll the dice when it came to...

Hmm, lets delve more deeply into this idea that one can lead a 1970's lifestyle on one 30k salary for a small family of 4. 30K would be about 2500/month. Lets lop off maybe 400 for taxes, so $2100/month. Lets deduct monthly expenses: rent $775, gas/electricity/water/basic telephone $150...

cdvs, I thought I was being funny, in a sarcastic sort of way. Again, not to divert attention away from Nas' problem, but just scroll through a few threads on ET, I guarantee you will find at least one new post daily where the word "lose" is misspelled. It was actually strange to see the OP's...

Uh, excuse me, not to make light of the situation, but, if you had used the ET spellchecker before submitting your thread, you would have correctly titled the thread: "The Little Guy Looses Again." Sorry couldn't resist. I do hope you are able to get your situation resolved. Keep us posted.

if the makers of Bud Light could be persuaded to advertise on ET, I'm thinking of a great setup for a BL ad: "Real men of genius: Mr. Nine Thousand Posts on a Message Board in Thirty Months Poster"

Not sure how exactly the process goes with stocks being halted, but it happens when big news like mergers, bk's etc are coming out during trading hours. I had it happen when I was a newbie one time on DIS while I was in a position. They were scheduled to report earnings after the close, and news...

oktiri, I think growing up, every one of us remembers that one guy at school who was always making smarta$$ comments to the wrong people. Occasionally he would push it too far and somebody would administer a severe beating to this hapless character. Against any rational logic, the next day this...

Are you the evil twin of everyone's favorite ET prognosticator/paper trader?

azz, you are exactly right. with cheap stocks, you can load up on larger positions, thus exacerbating the loss when you are wrong. Plan on being wrong for awhile. a lot. So the positive reason you give for trading C (huge percentage moves) actually works to your detriment when you are just...

uh, does this mean oil isn't going up to $200 anytime soon? guess i better dump my positions then.

"In other words" = "let me translate for our idiot vewers who can't grasp what you just said" in Ratiganspeak

I agree with king; C is a poor choice for a new trader due to the unpredictable news factor. The only redeeming quality is that there are many other bank stocks that you might be able to hedge yourself with if you are stuck in a position with news pending. why are you using a sub-$5 stock? if...

LOL

Ironic how the SEC has plenty of time to "police" all the prop trading firms but somehow guys like Madoff skate by for decades without question.

Of course these people didn't deserve to get ripped off. They also don't deserve to be compensated beyond any legal sipc limits. I'm sorry for anybody who gets ripped off by a despicable con-artist, but this bailout crap has gotten way out of hand. Sadly, there will likely be more similar...

I'd like to congratulate the Detroit Lions for setting an elusive, unbreakable record!

It seems that Livermore made his biggest $$ during high market volatility and sharp trends. His ideas about "scaling up" as trades moved in his favor would have been extremely advantagious during such periods, as he would have been applying maximum leverage during those times when the market was...

It seems like all the media participants talking about "wealth destruction" must have forgotten or missed the many times my Econ 1A professor pounded on the lectern and declared "money is NOT wealth; you can't EAT IT, you can't WEAR IT, you can't LIVE IN IT!" In that case, they probably also...