Yes Brokerboy, I did make my money in real estate and still do along with trading. I have traded since the late 70's when I worked in the pits at the CME and the CBOT. I have never really worked Full time trading, even now. I take too many days off and even during the day I can't seem to sit in front of Monitors all day. I give credit to a lot of guys who can do it. I can buy my son a 1,000 dirt bikes, what I make any given day has nothing to do with what I want. Most spouses work because they Want to, ever try sitting at home doing Nothing? My kids to get straight A's because we demand it. We spend time daily helping them do their homework, meeting with teachers, and working with Tutors if need be. We feel Education is #1 Priority. My daughter currently has a 3.93 GPA and we are looking to get her into Notre Dame or U of M. I want my son to go to Wharton. My kids are NOT great athletes at all. Ran out of people, LOL. I try to avoid people. I live on Lake Michigan on 10 acres with NO neighbor for at least 1,000 feet. I have NO problem getting the Hottest women, period. I am considered very handsome, FACT. Jealous, I think not. I have a friend who has 16 montiors, so what? My kids have NO concept of money. I simply tried to tell them that they are very fortunate that we have the money we do. They think everyone makes big money. My kids have Go-karts, dirt bikes, pool, snowmobiles, powerboat, fancy bedrooms, bikes, etc... so what? Are you sure "I am the Jealous one?" BTW, I don't consider myself Rich at all. Well off, yes. Rich to me would be 100's of Millions. Megayacht, private island, helicopter, etc... like my neighbor Rich DeVos who is running for Governor of Michigan. He owns Amway, Forbes listed his net worth at 2.4 Billion. This is rich. He flys his helicopter over our house about 4x a day. :eek: http://www.devosforgovernor.com/?referrer=google
Back to the subject. I lost a bundle yesterday on PD. Bought at 14:08 for 81.30 when I thought it was making a move up. Stopped out at 14:50. Any thoughts on my entry point F-Trader?
Hmmm... what an agro, what a foul language, makes for a real good trader...., yeah really! Your reactions tell me heaps. But you go on ignore now, you've got nothing worthwhile to add... vital analitics PS crystalball: there is a little bit more to it than just the entry, exit & direction. As the song goes: You've got to know when to hold them, you've got to know when to fold them, you've got to know when to walk away, you've got to know when to run
12-04-02 07:35 PM So your 47 and you traded in 1973 on the exchange floors. What are you wonder boy or something?
Interesting. I don't see why anyone needs more than 1 monitor. You must have eyes on the side of your head for that field of view. I can only see one monitor at a time. If you must see alot of stuff, seems better to have 1 large monitor and divide the screen up.
Where did I say I traded in 1973? Why do you continue to lie and make stuff up? I said "I've been thru these Bear markets." I was 14 then and watched my father lose a ton of money in stocks and he almost lost his Homebuilding business. Fortunately the banks couldn't foreclose on him because they couldn't sell any homes either. He never recovered from this mentally. Financially he did ok but mentally he lost his ambition. Always afraid to take any risk after that. So yes, I have seen the Worst of markets, as far as I'm concerned Jimmy Carter 1980 was the friggin worst. Mortgage rates were 18-21%. I remember my father was Buying down mortgage rates to 16% :eek: to give new homeowners a reason to buy. 16% and people today bitch at 6%.
Are there any real traders left on Elite (please chage name to NewbieTrader.com). So I guess me and thousands of other traders should all throw away our extra monitors. How much can I get for (6) Samsung 191T Digital monitors on EBAY, LOL.
There is something about a person having humility that I respect. So your pretty much taking credit in life off your fathers success. I have received benefits from being my fatherâs son too but I donât take it as my own or pretend to be a self made man. You pretty much stated you been thru 73-75 bear in that thread. So what does a 14 year old boy know about the markets since he is in school and there is no Bloomberg or Cnbc or internet? We have so many 18 year old kids in my town with your same view as a 47 year old man. They drive 50k cars and think they are successful because of what they dad did in life haha. Itâs kind of sad how you name drop on everything. You could not even say monitors you had to go into what type of monitors you had. You must have one small penis haha. I wonât give away what I will inherit someday but I understand the reason for the estate tax a lot more after learning about F-Trader. He portrays himself as a successful person but itâs really a gene pool success story. I donât see anything wrong with it but when you see that he has very little compassion for other EliteTraders who did not win the gene pool lottery it makes you think maybe the estate tax needs to be higher. Itâs not because someone does not deserve what they parents leave them itâs because you need to have humility and compassion. You need to learn self value is not having 7 Samsung 191T Digital monitors or telling people what you have in life its being happy with what you have without people needing to know about it at all.
I am not really looking to attack F-Trader I think he gets my point. Cscott did not help me at all though. Last but not least people bitch about 6% because a 3 bedroom townhouse is 400k and a single home with 5 bedrooms is like a million now at least. The average salary is like 50k I think and the townhouse is 400k. 25 years ago the rates were nuts but a single home sold for 50k not 1,000,000 and I think the average salary was around 25k. I live in a higher priced area of the country so mid west people understand I am talking about the east coast.
This will most likely be my last response to all you Pikers. I have better things to do. My father gave me NOTHING, not me nor my 9 brothers and sisters. The only thing I inherited was his real estate skills. I learned this thru watching, he never taught any of us anything directly. I will admit this gave me a huge leg up. I honestly knew more at 18 than most people will know their entire life. I knew how to plot land, rezone land, engineering, placing utilities, reading blueprints, building homes, financing, etc... I think this is true with most children of homebuilders. I learned a lot about stocks and real estate back in 1973 - 1975, it's all my father talked about. He worked with a full service broker and got reamed. Typical broker told him to keep hanging with his stocks as they plummetted. I also heard his banker constantly calling our home in regards to loans in default. Land loans, construction loans, etc... these bankers were Brutal. All bankers are liars. I left home when I was 18 and started working at the CME. What is so special about my monitors, I can name many others that are much nicer. I believe that as a % of income the cost of home ownership today is much lower than in 1980. In addition, back in the 70's most families did NOT have 2 incomes. I initially started this thread because I am sick of reading the Millions of threads here about how bad the market is, no one can make money, etc... People actually post their P&L showing 100,000 shares traded and they make less than $100. The same people post over and over. There are a lot of people making money, it's not that hard if you follow the right markets like commodity stocks. Oil, Metals, etc... If you notice I have rarely posted in the 4 years I have been here. I left this site because of the newbies and pikers complaining all the f'n time. Same thing every friggin week, Don Bright gets attacked constantly, tons of threads about quitting and getting a real job, etc... If I owned this site I would ban all these losers. If people can't make money then leave and STFU, I don't want to hear your sob story.