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There's a massive market out there for the world of bad credit. Think about all the entitlement types living off the gov't dole, plus the criminals that can't get regular work...the mentally unstable that can't hold jobs...substance abusers...the list goes on. At 30% interest on a 20K car loan...

It's how they talk, but it's not how they live. I've questioned many rich liberals about their own personal behaviors and actions. They behave and live in a way that mirrors most conservatives. Even if you look at Hillary, she talks the game but look at how she lives. She vacations at $50K...

Interest rates on these are through the roof and they repo lots of them. Super high deficiency balance after the repo/re-sale and that gets chased then sold off. It's really not a bad biz if you can hold your nose and write the paper.

There is no right or wrong. All that matters in trading is your account balance and whether it's growing or shrinking over time. That's why I took up option trading many years ago...because no matter what I did or thought - I was wrong most of the time. Then... when I did the opposite of that...

"Legal" is an interesting term in Washington. Many in DC are fond of saying "there are laws and then there are laws". To answer your question...many congressman have been trading on insider info for years (and it's been widely reported) and no one has ever done anything about it. There might...

Krugman? Nuff said.

There are major league baseball players that fail to get a hit 7 out of 10 times. Those .300 batters are considered wildly successful and do quite well.

There are absolutely edges. You may not call it an edge. There are techniques and strategies and structures, especially in the options arena - that allow you to win more than you lose over and over again. I'm not getting into percentages and ratios as I don't want to go off topic here, but...

Not for those that have an edge. People that have an edge do the same thing over and over - accepting the uncertainty of any given trade - but knowing that over the longer term, money is being made. For me personally, it's sort of a "zen" feeling of comfort.

The boat is a Palmer Johnson 48M. I don't think any of the gold ones have been delivered yet. I thought they weren't due out til 2016 and only a few per year. As always...a bit skeptical of some of the claims. If it's legit, good for him.

Indisputable proof that ET is truly just a combination of Groundhog Day and The Truman Show.

If they are prosecuting him, I hope they have a lot more than this.

You should be able to remove the "Check for TWS updates" from the startup folder.

Speedo is absolutely right. It's like asking for someone to find you a girlfriend... what they like, and what you like.... well...everyone is different. You do the work - or get lucky - and learn how to make money all the time in the market, that will be the best girlfriend you ever had.

Thanks Sig! Hopefully they will go all electronic soon and the number of routable contracts will increase. It sounds like SPX weeklies are coming along nicely though.

That sucks. I guess I've been lucky so far. Every now and then someone breaks through to a real person at IB that can explain what happened and why with these kinds of things. I think the rest get stuck with cust service citing "the algorithm" and that's the end of it...figuratively and...

From the IB site... CAPS are mine. "To protect against these scenarios as expiration nears, IB will simulate the effect of expiration assuming plausible underlying price scenarios and evaluating the exposure of each account assuming stock delivery. If the exposure is deemed excessive, IB...

Thanks Surf!

I checked my account after you posted this. I got bumped up a few days ago. I don't use that much margin so I didn't notice, but it happened. I'll have to change some of my metrics accordingly. As you mentioned, it would certainly be nice for IB to send an email or something giving us a...

Thanks for this... I was in Maranello for a few days - week before last - touring the factories. My wait for a new 488 is over two years - because I haven't bought enough Ferraris! We saw lots of Californias and 458 Speciales on the assembly lines, along with a few 488s. They are truly...