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I smoked most of my adult life.....2-3 packs a day when I was smoking. I quit a variety of times....one time 5 years or so, then started back up. I was always able to quit. The challenge for me was always 6 months- 1year down the road when I had a drink and someone I was with lit up. My...

Holding the position can result in a swing in equity....true. I've generally felt that these swings even out over time. I've also felt that important gaps tend to be in the direction of trend. That said, it's important to be playing with an appropriately sized position relative to your...

Bad luck? You're lucky you got any money left at all. You didn't know you were daytrading? You didn't know when the market closed? If you actually sold at 1302, you spent the last 1-2 hours minimum in the market, all at a loss. And you didn't know the market was getting ready to close...

:eek: Sure hope you're wrong on that prediction, but of course if that happens I'll be long gone. All depends on natural gas though. A down move in oil may not make as much difference as you think. OldTrader

Yeah, I'd probably be a "waffler" on it right now. Alot depends on the time frame. I play oil from the buy side, I don't ever short it. I get out of longs at times, but again, I don't play the short side. Too much potential for something to happen that would create upside in my view...

I think alot of this depends on how you are receiving this information. For instance, let's assume you have a personal relationship with a corporate insider, who has now tipped you on what the earnings are going to be. If you make a trade you are probably going to be guilty of insider trading...

I heard one guy say he thought oil was going to $100 per barrel. Another guy said he thought it was going to $55, a gal said she thought it would be flat. Are you sure you were watching the program? OldTrader

I must be missing the point here...I thought you said it had never happened to you. OldTrader

Yeah, I agree, as shows go I like it. I haven't seen every show, but I like to hear what they have to say. Just another input, albeit input from some guys who are pros. I can't remember whether it was there, or somewhere else I heard that Eric Bolling was long some natural gas...it's was...

Good call. :D OldTrader

OK, just want to make sure the point is made. You're trying to trade the real estate market like the stock market....looking for appreciation. I'm OK with that if that's what you want to do. But let me point out that somebody thought Miami condos were a good deal at the peak. Those could...

OK...let me see if I can clarify something here, and then answer some of the other questions. When the market is "hot" it is very difficult to buy a "house" at a discount. Exactly right. I said that in my post. What that means is that when the market reaches it's peak, like it just did in...

I've been buying/selling/renting/fixingup/flipping real estate now for something like 30+ years. Now you tell me what I call flipping ain't flipping. Here's the bottom line my friend. I would never personally by a property for retail price, ever. I don't care what type of "market" it is...

What many of the posters to this thread don't understand is that "flipping" when done correctly means that you are buying well under market, considering all repairs. This as it turns out is a great time for flipping property in the sense that when people have difficulty selling, some will at...

I'll take that to mean you have no record. OldTrader

I guess when you think he's mistaken, what you would do is go short! Then again, he's got a long record of being right...how's your record? OldTrader

And your "credentials" to comment about "society, government, and ethics" would be what? By the way, I suspect you realize that being a trader does not disqualify one from having informed opinions regarding a variety of topics. OldTrader

LOL. But they don't shoot the rich. By the way, I do get the "other great truth", such that it is. OldTrader

Frankly, had you made a point worth commenting on I'm sure someone would have commented on it. I'm only commenting now because you referred to me in your post. I'd say the poor in the US don't shoot the rich because they don't want to go to jail. Was there some other great truth you...

Bitstream: You should acquaint yourself with the global economic boom which has swept up all countries that I'm aware of....Britain included. Whatever good is taking place in Britain is doubtless due to that, not an increase in the minimum wage. Looks like your political party has you well...