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It isn't?

In this market, a pre-approval for a mortgage is hardly worth the paper it is printed on. It is NOT a final approval, and any seller who is faced with either a cash deal or a financing deal (even if it appears solid), should take the cash. Even lending deals that have been bank approved...

My wife is a realtor here in Scottsdale, and deals with a number of cash buyers. If you have cash, you're king of this market and it gives you a better negotiating position. But you might want to take another approach, which is popular with many buyers who have cash, but might want to...

If by now you haven't mastered trading to the extent that you can feel confident in generating a consistent return, then I suggest that you don't bother at this point. Or, if you feel you must pursue it, allocate only a very small amount of capital and do not count on it for present or future...

Which is why, when regularly selling puts, there is no such thing as a long cycle.

CNBC is - how shall I put it - a huge pile of crap and a waste of airtime. All their reporting is reactive to whatever the flavor of the moment is. I can't recall ever, at any time, hearing anything on CNBC that was any benefit to me. Any "news" that might possibly be of benefit is at...

In general, yes. But I would change "modicum of discipline" to "extreme discipline".

http://www.befrienders.org can help with feelings of depression and suicide. With the exception of a severe chemical imbalance, suicide is usually the result of feelings of hopelessness, failure, and lack of purpose. I can appreciate why someone would have these feelings, and at some point...

Be aware that recent reports have shown - this should be no surprise - that hotels are the #1 source of stolen passcodes, credit card info, account info, etc. When traveling I try to avoid the large business hotels if I want to trade. Staying in a smaller hotel may be a false sense of...

Yes it does, assuming that one wants to engage in a regular program of collecting premium. In that case, a trader needs to assume that at some point they are going to be put a stock (or 2 or 3), which will remove capital available for further put selling requirements. Thus, one needs a...

And that has also been my experience over the years. Had I simply bought or shorted the underlying I would have had much greater gains and more control over the position. Selling options provides a very false sense of security, and novice traders/investors don't fully appreciate their exposure.

Pack it in, folks. Dead men walking.

Likewise, my reply is that "I work on my investments." The fact that most of my investments last for a few hours is no business of theirs.

Just stumbled across this thread. First, oraclewizard is correct. A stock that reports poorly AND issues soft guidance is a stock that is best avoided if you are trying to play a bounce. Second, I will pass along a tip that any stock that has a signficant gap down at the open is best...

That's a good sign. It says you're on the right path. I will sometimes go 3-5 days waiting for setups. And while it can be frustrating, what is more frustrating is jumping into something for the hell of it, that's just going to throw you a loss. Patience and discipline are critical to...

"New Trader" and "Options". Put your money under your mattress and you'll be a much happier person.

Security and a stable income is VERY important to most women. So you need to factor that into your decision if your marriage is important to you. You'll also find that trading becomes a different ballgame when it's your only source of income. And having more time to trade doesn't always...

I've lived in a country under military rule. And believe me, you don't want to even think about it.

If this wasn't so sad it would be funny. Get this. I sent a complaint to Microsoft regarding the theft of my email list and its use in spamming. Microsoft's response was sent to their own Junk Mail box in my inbox folder. Thus, they are junking their own email within their own...

Thanks, I stand corrected. It is the next day as well. Which leaves anyone on the third day able to short at will. It could make for some interesting looking charts. :p