Trying to Retire

Let's Give Peace a Chance       'When others are fearful, be aggressive.  When others are aggressive, be afraid.'-(paraphrasing Warren, not Jimmy)  Like I have said, I don't want to wait around a lot if I don't have to, I look in places I think no one else would look for a good deal.  Get in early and get in cheap.  Legalization.  Fair trade.  Political turmoil.  That is my kind of party.        I am buying an array of marijuana related securities,  tossing a wide net as it were, second and third tier suppliers, research into medical use, production supplies and equipment and even financial assistance providers.  Don't want to leave anyone out, besides that the positions I am taking are all hail mary plays, I am not trying to get on base I am swinging for the fences.  Now if only the Congress would play nice and slide through the appropriate legislation, or not, half of my plays are north of th...

     Someone, somewhere made a rather tongue in cheek statement that is almost infallible when describing people that trade in futures. 90 percent of the people lose 90 percent of their net worth in 90 days, this is the 90/90/90 rule. When you think about it, there was a very good reason that margin trading was made illegal post crash in 1929. The moneyed class would do favors for each other and the bankers let the speculators trade on margin, asking that only 10 percent be put up as collateral for a trade that leveraged 10 times as much of an equity/commodity. The problem with margin trading is that you always trade at a disadvantage and eventually you lose. Greed will force you to leverage more than you can cover and you go broke. In 1929 the banks that let you do this ended up holding the bag on all of the bad margin calls and they went broke too. Nowadays, margin houses do this: whatever contract you buy, put or call, they buy the opposite...