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Tuesday, April 23, 2024

Comment by Phil

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  1. Phil

    $500KP/Houston – It's a virtual portfolio and the idea is to follow it by paper trading and LEARN what kind of positions work for your trading style, timeframe and whatever other investing needs you and your financial adviser deem appropriate.  We put up trade ideas all the time, we have articles in our Education and Portfolio sections about building and managing portfolios with tons of valuable information but the key – as with anything you want to be good at in life – is practice, Practice, PRACTICE!  If you want the quick solution that lets you accomplish all your goals right away without any effort on your part – that's being promised to you at 1,000 other sites – but it's not what you'll get here.  

    Liars/Exec – Unfortunately, the truth will not set Greece or the rest of the EU (or us or Japan or China) free as we simply all borrowed more money than we can ever pay back.  It's not a complicated concept – there's a point where you can look at an individual or a business or a country and say "No way they can work their way out of this" and then you need to do a proper restructuring.  With individuals, all you can do is declare them insolvent and then their debts are wiped (well only mostly thanks to ridiculous new laws) and they can start over again.  With companies, some decide not to start again and they die – but the individuals get to move on with their lives.  With countries – the creditors have a captured population so they don't see the need to ever let them off the hook.  

    The rich and powerful in Greece don't care because they simply leave (or at least move their money out) and that leaves the rest of the population on the hook for the rest of their lives, paying a forever debt to rich and powerful lenders and their children will be born into poverty and debt as well as all must pay for the sins of their Fathers.  Is that a working model for the World moving forward – are humans really so domesticated that you can just build a path to the abattoir and we all shuffle in head to tail, happily moving one forward in line as one by one the ones in the front are killed off?  We're mostly Type-As here and of course we don't think that's us but it certainly is the vast majority if people are accepting this nonsense – what will we do when they finally come for us?  

    Monitors/Robert – I got a Toshiba 15" Portable LCD that plugs into the USB of the laptop.  I believe 2 can be attached at a time or you can still use the video output on the Laptop for a 3rd monitor.  The Toshiba works fine on the desktop too but I have a 30" Mac monitor in the middle on my desk flanked by 2 Dell 21" monitors all driven off the same HP computer (I have no idea how Tina did the cards) and then on my left of that I have an IMac as I find the performance drags if I have too many live feeds on the main system and on my right I used to have a laptop but now I have the HP Touchsmart running TOS with 12 charts up at all times (I run another TOS on my main system's left Dell for looking up quotes and 9 more charts).  

    MoMo's/Lincoln – That's good, just want to make sure you have your head on right before it gets chopped off! 

    $5KP – 20 DMND March $25/26 bull call spreads at .30 ($600) with a stop at .15.  



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