Smart move....my son operates with the same logic on his home mortgage.

I have paid no interest on anything since I bought a Cadillac Fleetwood Brougham in 1968 and then a mortgage on a home in 1975 which was paid off by 1980. It was a pretty high interest rate as I remember and I wanted to get rid of it just in case my trading headed South and I felt better being totally debt free.

My credit cards charge no interest when payed in full each month....as I do with automatic payments.

Not bragging....just reinforcing your technique and adding a bit of personal info.

Good job posting and you are being most informative....keep it up and let folks take what they will from them.

I figure that a house, in particular, and apart from all other consumer goods, has considerable economic advantages to it. For starters, we have to live SOMEWHERE, and after taxes, lodging is the second greatest expense, so I may as well buy an appreciating asset to live in. The Trump tax reform diminishes somewhat the tax advantages of owning a home you live in, but it's still a better deal than renting.

By refinancing and negotiating (bitterly) at the depths of the housing crisis, I refinanced the house at an astonishingly low interest rate.

So, the house appreciates, the value of the principal borrowed shrinks with inflation, and it is significantly more advantageous to me both because of an interest rate below the inflation rate, and a growth in value of the property above the inflation rate, to string out the repayment as long as possible, the full length of the mortgage.

School and fencing travel and training, and soon enough, college, devour the bulk of disposable income right now.

Obvious things such as having an airline mileage card, running everything through the card and paying off the balance before interest is assessed help. If I do have to pay interest on a credit card because of those training and travel expenses, then so be it - time runs on, and some things are on a fixed schedule that has to be met, and that is more important than not paying a month or two of interest. But all in all I run a zero balance. If I have to stretch something, it will usually be medical bills, as they don't charge interest. Everything gets paid in the end.

I don't have much excess income after school, fencing and travel are taken into account. And such as I have needs to be liquid, because success in the sport means MORE travel. That's not a forever thing - it will pay for college, at least partly, or at least greatly ease entry into a top college. I am grateful to have the job I have, which pays enough for us to keep it all going. Other countries subsidize their young athletes. Ours does not until the collegiate level.

When the excess starts to really flow in in a couple of years, I'll update (but not tear down and rebuild or expand) the house, update the mechanicals, and make the garden really nice. That may be a French thing, but I look out on that green and somewhat mossy half-acre back yard, and I can see it filled with flowers, and how much more beautiful that would be - which means that we'd use it more and have people over more often to enjoy it.

Then it will be time to invest in securities to provide an extra margin in retirement.

Having suffered really terrible loss in the past (due to theft, not bad investment), I have to invest cautiously and conservatively if I want to be able to retire. Can't afford to gamble much with this opportunity.

But because shit happens, I have to plan life as though it were just going to be lived on Social Security, then everything in excess will be a blessing.

Senior team athletes get more, and at the collegiate level the colleges themselves pay the travel and gear, at least for their top athletes.

But of course you speak as though you know it all because you pulled a line or two from something you found online.

And I'm still talking to you.

Hey, these last couple of exchanges have been good ones....thanks for that.

It is my first preference to get along with everyone, even with people I disagree with politically. In my book politics is not the most important thing in life. Striving to be virtuous is.

Thank you for your well wishes trading wise. I do have some crypto trades running, and while they are, percent wise, very negative at the moment, yes at times more than 50%, I'm not "all in" and even if they went to zero, it would hurt but wouldn't kill me, and that's ignoring the fact that I've already locked in good money on cryptos, I don't use stops with cyptos, as my view of them is long term, and position size reflects that.

When Bitcoin flew up to 20K, that exceeded my expectations by far, even though I was and remain optimistic on the long term prospect for cryptos, whether or no bicoin ends up as the master crypto. In hindsight, I can see that was probably unhealthy for it, now that I've heard about many uninformed people overinvesting in a craze fashion. I still expect it to go higher, breaching 20k again and proceeding beyond, but crypto tech is still not mature enough for widespread use. It needs to reach the point where average people and storefronts can easily transact with it in a retail setting, and it's just not there yet. For that reason, the velocity of bitcoin is almost non-existent. And then we'll have the good money/bad money situation.

What I predict is that after that level of tech is obtained, bitcoin will see another significant pullback much as we've seen since Christmas, and amidst fears it will crash, people will then start to spend it before it does, and that will be the catalyst for bitcoin or whatever is king crypto at that point to take hold in retail markets. Naturally both buyers and sellers will need to be willing to transact in bitcoin.

Yes gov regulations and possible banning will be an obstacle. We'll see how it pans out. It does appear though, from my admitted bias news source, that today's senate hearing went favorably for crytos, with both regulators and senators seeming to agree that cryptos are "here to stay".

I'm sure I saw the Billy Mitchell movie as a kid. Maybe I'll watch it again sometime. The version you posted is crappy though.... it only catches about 1/3rd or 1/2 of the screen, being zoomed in.

Aviation has always been a strong interest of mine. I am a licensed private pilot. Perhaps you are too. When I grow up, I want to buy a plane. A kit plane actually. I like this one, a Zodiac CH-650.

I could write a multipage essay on the reason why not to....but in the interest of saving time, I will let Stephan Abraham explain here why it is a much better strategy to: “Buy High, Sell Much Higher.”

Interestingly, I came to the exact same conclusion myself.

But there are exceptions, as markets can become overbought or oversold. The difficulty in trading trends is by the time a trend is identified, momentum is exhausted.

Neutering sheep is something I would not want to do.

Why not? It's easier than milking a reindeer.

I really didn’t know what to expect the results to be at first and figured it might be a one-shot deal.

But now with the ideas, information and actions flowing as I see them on the exchange of posts....I find excellent procedures being shared for anyone who has an interest.

Great move, Stone. I’m a player and besides, it gives me something constructive to participate in....rather than trying to contend with Deckard’s shit spreading all day.

For those of you who are following this thread and are interested, I will take you through my process this one time. only.

This is the first time in three days that I find a stock to fit my buy perimeters. If you remember from a previous post, I generally have over 250 to go through. For the last couple of days the selection has been at 16 and none of the 16 yesterday fit for me.

Note: You may need to refer to a previous post to understand how to follow what I am doing.

I get a 15-minute delayed feed from the markets, [I have no reason to pay money for live feed] I checked at 0746 [my tinme ] and off the 16 equities showing 100%...BINGO the first one was a hit. This ususally doesn’t happen and I can spend as long as a hour finding the right stock..

I am going to present the information the way I have it formatted for easy reference to me

You will need to keep the following format in mind. I will not have time to always repost it each time and I will only post the data.

On 02/07, I purchased 580 Shares of ERN – Stop Loss Price is $3.60 – Current Price / Purchase Price is $3.40=$3.40 – Amoun t of Purchase is $20,041.75 – Market Value is $20,041.75 – Reading from left top right [on the plus and minus signs] there was one day up, then two days down followed by two up days. The jump today was $2.94 and the jump for the past five days was $17.24. As you will recall, this was a “good” buy for me....so I am off and running....hard.

ERN-01/07-580 ///// 3.36 ///// 3.40=3.40 ///// 20,041.75=20,041.75 ///// ++--+ ///// +2.94 +17.24

Right now, I must get busy trying to ffnd the next stock to purchase.

It will take a couple days to get back up to the normal 30 I carry.

Later ... ...

It was a good brain-shot for you to start this thread.

I really didn’t know what to expect the results to be at first and figured it might be a one-shot deal.

But now with the ideas, information and actions flowing as I see them on the exchange of posts....I find excellent procedures being shared for anyone who has an interest.

Great move, Stone. I’m a player and besides, it gives me something constructive to participate in....rather than trying to contend with Deckard’s shit spreading all day.

I concur - this is an interesting thread.

I dropped my Stop Loss from 1% to 3% - now at 3.30

Remember “Protect Loss.” Since I don’t have near as many stocks as normal, I can take a larger percentage loss on 3 stocks than I could on 30. I forgot to mention in my intital posts that I do fluctuate on the percentage amoung for stock loss.

0932 ERN is up for the day to 8.82% - I am up $75.25.

I must now go look for 2 more stocks and then I feel like stopping there for the day....maybe, maybe not?

Raw land declared as farm land with extremely low taxes is the way he made loads of money over the years.

One of his purchases was a large tract between here and Tucson, he later discovered on an old map that it showed an airstrip on the property. He had been to the acreage a number of times to check the property and never saw an airstrip. He started digging around and a foot below the surface was a paved strip where the blowing dust had accumulated soil over the years. Checking history, he found out it was an auxiliary landing stirp for flight training out of Tucson.

I lost touch with him about ten years ago when he moved to Vegas. He join our four- wheeling excursions and follow our Range Rover on off-road treks in his all-wheel- drive Porsche. Wild! Four-wheeling in a Porsche....he obviously made loads of money, eh?

Lots of stories to tell you about him, maybe another time. He won many cross country races is vintage early 1900 vehicles that he restored and maintain himself at his mountainside home here.

Hope there are not to many mistakes here, I am on a table keying quickly while grabbing a quick snack in the dining room and then getting back to “work” ...

ERN is still holding up at 8.82%.

I am now showing an overall loss $234.21 on the 3 stocks.

Damn that DECK....3 time loser and always sucker bait for me.

As Donald would tweet...SAD.

Oh, well, the day is not over.

What the Hell....I’ll still try to find 2 more stocks.

I have 4 more hours.

Please forgive me DECK for swearing at you....and try to stay nice to me.

I am now showing an overall loss $234.21 on the 3 stocks.

Damn that DECK....3 time loser and always sucker bait for me.

You are an emotional trader, tater, and operate without rules. You have lost money in a market that is on a downward plunge because you "think" emotionally; you think you can outwit the market.

In the midst of uncertainty, collect the data as an action plan to avoid further risk. Study the data. Use your little brain power, assuming you have any and cool the transactions until the market corrects itself.

You are an emotional trader ...

In the midst of uncertainty, collect the data as an action plan to avoid further risk. Study the data. Use your little brain power, assuming you have any and cool the transactions until the market corrects itself.

I sincerely thank you for your personal comments and wise suggestions.

I will take them under advisement...and I definitely will try hard to control my emotions.

I definitely will try hard to control my emotions.

Its about tyme.

Quit losing your emotions for trading purposes. Trading is not the same as going into a fly bar and becoming all dazzled because you want to hump the first woman you meet.

With stocks, the assumption is the US dollar value is fixed while the stock value fluctuates. In forex, both the dollar and a competing currency are understood to fluctuate in value relative to one another, and it doesn't really matter if the true absolute value changes. In fact if you long the EURO/USD pair and the EURO loses value, as long as the USD loses value faster than the EURO, you still make money as the chart registers an increase in price.

I suppose technically, when you buy a stock you are implicitly shorting the US dollar at the same time, as you are in fact trading dollars away to gain something you expect will perform better than those dollars will for the duration of the trade.

I only know what forex is.....nothing more.

I only know what forex is.....nothing more.

You don't travel beyond Scottsdale Arizona, do ya?

... because you want to hump the first woman you meet.

But at age 84, I know that I still do enjoy having sex with my wife every day of the year.

That is....except during the entire month of August.

I miss it then, because August is when my next door neighbor who helps me on and off goes on vacation.

I will not be emotional....I will not be emotional....I will not be emotional....

You don't travel beyond Scottsdale Arizona, do ya?

Oh, yea....I do get to Phoenix every week or so.

But beyond that, I don’t get out of Scottsdale anyone.

I used to though, when each year from 1965 through 1985, my wife and I spent a month each summer traveling throughout Europe while we based out of Austria.

After we gave that up, we bought a series of motor homes and traveled extensively throughout the U.S. until we got tired of doing that.

All I do now is just sit here all day and make money.

As Donald would tweet....Sad.

Raw land declared as farm land with extremely low taxes is the way he made loads of money over the years.

Yep. There's a Mark 1, Mod 0 investment that works out very well for the patient and prudent.

"Other countries subsidize their young athletes. Ours does not until the collegiate level."

Meanwhile, the REALITY is that TeamUSA does, in fact, subsidize athletes who are in high school, thus rendering your assertion FALSE.

Why don't you go get your whining sponsored by your beloved France, Surrender Monkey?

Jeezus. What. A. Pussy you are.

Same thing with airplanes and helicopters. I was always perfectly happy to let the trained mechanical crews do all of the grease monkey work. Not my specialty, not my interest either. I'll fly it, you fix it.

Meanwhile, the REALITY is that TeamUSA does, in fact, subsidize athletes who are in high school, thus rendering your assertion FALSE.

Yes, Team USA subsidizes my daughter, a PITTANCE, not even a percentage of what it costs to do the sport.

So, as with all things, it is a matter of degree.

Internet trolls such as yourself get energy out of calling names, etc. People yell at you, and you like that.

I'm past it. You just can't be taken seriously.

Why don't you go get your whining sponsored by your beloved France, Surrender Monkey?

If we lived in France, we would. But we live in America, so we go win medals for America.

I DO love France, that's true. I also love Michigan, New England, San Diego - quite a few places.

You don't love anything, because you're a twisted, bitter person whose energy is devoted to raging at strangers on the Internet. I pity you.

As far as Surrender Monkey's go, we all think the tax system is unfair, and we all pay our taxes anyway out of fear of the IRS and its enforcement, so we've all surrendered to the reality of power in this world. You, me, everybody else here.

Funny how you want a Jewbilly so other people's resources essentially get redistributed to finance your high flying bullshyte, but you don't have common sense to change a sparkplug yourself - and have to lease vehicles because neither you or your wife have the discipline, required of any army private, to RTFM and have your property serviced according to the specified maintenance schedule.

Awesome stewardship. NOT.

Top that all off with your presumption that people should take your financial advice seriously - when the character you continuously put on display is consistent with a pathologically lying grifter.

Yes, Team USA subsidizes my daughter

Uhuh. So basically you were lying, as usual, when you said they didn't. You just want more. Well BOO FRIGGIN HOO for you.

How much does it cost to fly your airplane (or at least the one you can't change the sparkplugs in) Your Worshipfulness?

If we lived in France, we would.

Uhuh. So you expect TeamUSA to subsidize you until what - ViCinderela Jr. can't make the cut?

You're still a pussy who can't change a sparkplug.

Funny how you want a Jewbilly so other people's resources essentially get redistributed to finance your high flying bullshyte, but you don't have common sense to change a sparkplug yourself - and have to lease vehicles because neither you or your wife have the discipline, required of any army private, to RTFM and have your property serviced according to the specified maintenance schedule.

Awesome stewardship. NOT.

Top that all off with your presumption that people should take your financial advice seriously - when the character you continuously put on display is consistent with a pathologically lying grifter.

Well, VxH, truth is, I'm a pretty impressive guy, with a pretty impressive resume, military career, and legal career. And I've got a beautiful family, and a nice house.

I get paid to give advice to people, and the advice I give is good.

You, on the other hand, are just a yapping mouth on the Internet. You point to the most petty of things as though you are making an effective indictment of my character. It's silly.

Truth is, anybody who listened to and took the advice I've given so far on this thread would be the better for it, and I intend to go on giving similar advice.

I am sure you will keep yapping your shit-trap at me, and I'm sure you will continue to think that you are scoring "points" in some invisible game.

I'm equally sure that you've made clear to everybody else (except the other guy who hates me) that you're a disruptive troll. YOU haven't offered any advice at all, other than "Don't listen to HIM!" while pointing at me.

It's a strange place, the Internet, populated by all sorts of kookburgers like you. But I guess I post here, in a very open and only lightly- moderated form, so having to deal with the likes of you is just one of the crosses I'll have to bear. It's a light one. I don't take you seriously. I doubt anyone else does.

I am giving serious, thoughtful advice on this particular thread. And as I return to this subject matter, after this walk through the wilderness of kookburgerville with you (which I sincerely hope that A K A Stone will delete in its entirety, because it's all utterly off topic, and completely useless to this thread), I'll just wish you a good night.

Now back to our regular programming.

Uhuh. So you expect TeamUSA to subsidize you until what - ViCinderela Jr. can't make the cut?

Hah! You have no idea what you're talking about.

How much does it cost to fly your airplane (or at least the one you can't change the sparkplugs in) Your Worshipfulness?

Ask the Navy. YOU were paying for it. I wasn't.