Rates are crashing and fuel to the moon!

My older brother lost over 2 million, yes million 12 years ago betting the market .Yep my mom called it betting.

Problem was he thought he had a tip that I think led him down the rabbit hole. Playing with margins and the stocks went down so much than split .

Wiped out his 2 million of play money, he eventually bet his 800 thousand dollar house and lost all of that trying to get his 2 million back

He got my dad all caught up in his tip also and the market got my dad for a million before he was able to meet his margin call.

That million my dad didn’t have in cash so had to fire sale his natural gas company to meet the margin calls which costs him millions in annual earnings selling the gas company.

My dad always played the market since the 50s and did well but I believe before the Tech stocks came in it was a more honest and Valued market.

I’m interested in what your doing in short little moves.

Shortly after this all occurred we were sitting for dinner I asked what wiped out my brother and him back than.

My father always carried a quality ink pin as he was always jotting numbers down and taking notes , he took a napkin and quickly wrote this down and moved it over to me .

On it read GREED.

 

30% down is only 1/3 of what is planned

 

your dad learned the single most important mindset to be aware of. Too bad the hard way. I bet he’s very very smart about the market though.

my mottos daily:

- fast nickel is better than a slow dime
- live to trade another day, cut the loss quick

 

We thought you were making $5K a day and buying gold bullion?

 

If you don’t believe me, then don’t. I provided screen shots. Make fun all you want, you’re a big boy. You can pick your humor however you want. I’m just sharing information, like it. Cool. Don’t like it. Cool.

 

What's today's $5K gain look like?

 

never said I made 5k a day. Actually made closer to 10k. Avg day is 1-2k.



Today, 1.5 hrs



another trade today, 4 minutes

 

He’s been gone 4 years now. Very wise and intelligent man. Self made millionaire back in 1970 when a million was a lot of money.

The oil and gas business he ended up with after the court appointed it to him after my dad had invested in it 10 years earlier and than it quit paying dividends.

My mother did all the book work and it took them 5 years to get the business straightened out and profitable while their both in their 80s.

My mom later told me the company was worth 15 million based on production and profits when my dad liquidated it for just over a million .
My parents had been married and business partners with my mom putting up with the difficulties and doing the bookwork for over 50 years .

My mom wanted a divorce after my dad pulled this stunt and the only way she would stay married to my dad is if he put their home and a strip mall in my moms name in a trust.

My mom passed a few years after. My father wanting to always play the game and wanted control of the house and mall than tried to get my other oldest brother, the wise one , to persuade us kids as beneficiaries of the trust to release it back to my dad .

My older brother took him for a ride by the veterans home and explained to him he would be living there when he loses everything in the market because he wasn’t going to live with his kids.
Drove my dad crazy he couldn’t access all that cash yet he had a beautiful home and a income he couldn’t spend in a year .

He loved the Game.

What we didn’t realize back than is my father was in the early stages of dementia .

 

Well, we don't believe you.

I think you may influence some people with weak minds. But they are big boys and girls as well.

 

And that fast nickel slow dime #### remind me of another saying.

a fool and his money will part-