And how does one go about finding houses that are below market value? Sorry, I'm completely real estate ignorant. Is there an objective measure of if a particular property is below/above market value? If so, real estate investing would seem too easy.
I don't think 40y/o wanted to show off to anyone, he just wanted some input. I don't mean that negative input insn't constructive, but a few people insist that he's here for other reasons. Like selling a system. John Q: He's going to trade this will real money, and like all other traders he'll prove to himself whether or not he can be successful. Get over it. It's not your money, and he already said he has plenty of money and can afford to lose $40k on this. If he loses it, he moves onto a new cash flow source. What is the big deal with people not wanting him to trade? His system is apparently good, and all that's left is for him to keep it good.
some people are just crappy traders, so they think that nobody else can succeed at it. everyone's gotta start somewhere. i've managed to earn a successful living trading, and this guy put forth a lot more effort than i did before jumping in the trading waters. 40yearold, the market will reward your diligence, as long as you stay disciplined and stick to your plan.
People who fail often find it difficult to tolerate the success of others. After all, misery loves company. --Db
I guess that I am a failure at trading, and have nothing left to me but to make trouble. It's just when things don't add up, I have a tendency to look around to see what I can see.
========================== ========================== ========================== With all your stupid posts, I'm surprised anyone would even respond to you. Get a life! Whamo
The same way you find stocks that are undervalued...you find out after you have sold them at a higher price than you bought them for.
On the contrary, I gave him congratulations! My suggestion is to automate his 100% mechanical system. If it is truly 100% mechanical, then the automation should be a snap. After all that's why he is using a computer, right....to make things easier. If he wants to be bored sitting and waiting 6+ hours for 1 trade, then that is fine....not me when it could be simplified by automation. Good luck 40yo!!