Your Questions About E Trade Paper Trading

Ken asks…

What is the best corn fritter recipe?

A local restaurant called E&O trading company has the best corn fritters and I want to duplicate their recipe.

John answers:


* 1 1?2 lb fresh corn (3-4 ears)
* 1 large egg, beaten lightly
* 3 T all-purpose flour
* 2 T heavy cream
* 1 small shallot, minced
* 1?2 t salt
* cayenne pepper
* 1?2 c corn oil
* 3 T cornmeal


1. Using a sharp knife, cut kernels from 1-2 ears of corn and place in bowl to make about 1 cup whole kernels. Grate kernels from remaining ears on large holes of a box grater to yield 1/2 cup. Using the back of the knife, scrap any pulp remaining on all cobs into bowl.

2. Stir in egg, flour, cornmeal, cream, shallot, salt and cayenne.

3. Heat oil in large, heavy-bottomed, skillet over medium high heat until shimmering. Drop 6 heaping tablespoons batter into pan. Fry until golden brown, about 1 minute per side.

4. Transfer fritters to a plate lined with paper towels. If necessary, add more oil to skillet and heat until shimmering and fry remaining batter.

5. Serve immediately.

Richard asks…

Can I fund online stock trading with a credit card?

Is it possible to trade stocks online using credit, with no actual capital?

John answers:

In the beginning “newbie” traders and investors DO NOT INVEST THE FIRST cent or dollar. No amount of money.

In the beginning you LEARN HOW:
A] the stock market works.

B] to invest in many, many various ways.

C] to properly trade

D] many other concepts and aspects.

Beginning or novice [‘newbies”] investors and traders ALWAYS make mistakes. In fact, throughout a person’s avocation or hobby to do trading, he/she will make mistakes.

In the very beginning, you READ AND LEARN about the market and how it works:
Read “Investing for Dummies”
As you are reading and doing research about the investments you are interested in, sometimes you’ll come across a financial or investment term you never heard before.

You can usually find excellent, easy-to-understand definitions of many financial and investment terms by going to Investopedia’s dictionary.

Http:// is a free site. It’s recognized by Y! A as a “Featured Knowledge Partner”.

It probably won’t be long when you’ll feel you’re ready to invest your hard-earned money. Before taking that step, you really should do research about what you are investing in. It also has a free, paper trading platform. You can set up a virtual account and almost trade as though you were trading with real money.

Http:// is also recognized by Y! A as a “Featured Knowledge Partner”
The thought processes are:
1] to have more successful trades than failing trades.
2] to minimize the losses of those losing trades.
3] “To live to trade another day.” Having enough money in the trading account to return to the market.

ALL this is accomplished by a few true expressions used on Wall Street:
Some trading expressions come to mind:
A] “On Wall Street there aren’t any gifts.”
No one gives anyone else anything – not even stock tips.

B] BUlls [BUyers] earn money.
BEars [SEllers] earn money.
Pigs get fat.
Hogs [Greedy Traders] get slaughtered. They lose the money in their trading accounts.

C] “Trees don’t grow to Heaven. Neither do stocks or any other investments.”
In other words: What goes up, MUST come down!

D] “Plan your trade. THEN trade your plan!”
Have a trading plan with rules for that plan for each strategy.

I want everyone to know I DO NOT own any portion of this man’s estate, nor am I associated with him or any one else connected with him in any way. I am not part of the publishing company or an agent or anything else. This man does not know me from Adam AND I don’t know him. I know of him and the wonderful book he wrote. THIS IS NOT SPAM.
You should buy a copy of this book:
“The Richest Man in Babylon” by George S. Classon. You can get the book on
Its very easy to read. Its very easy to follow. You can write in it. You can make notes in it. All you have to do is to read five [5] pages – Let’s count
1 – 2 – 3 – 4 – 5 pages of this book – or any book – each and every day.
OR You can leave it sit on the shelf, on a table or on the floor and let it collect dust.

Thanks for asking your Q! I enjoyed answering it!

Ron Berue
Yes, that is my real last name!

Daniel asks…

What are some questions to ask when buying a new vehicle?

I know some to ask. I want to trade in my already owned vehicle for another. I’m taking my dad along with me b/c I know how some people try to take advantage of women that do dnot know much about cars (me for instance) Any advice?

John answers:

First, look on line for the price of the cars you want to look at. Make sure you go out knowing the prices that they are selling for. Then you can look at some larger dealers in areas around you if you are in a small town. They are usually cheaper there. Try to buy a car that a dealer isn’t too far away so if it is recalled or you need maintenance you don’t have far to go. Then when you have done your homework, find out the value of your car…Blue book value I think it’s Kelly’s Blue Book. If they charge and they may now…try just looking on e-bay or someplace for the same car with the same features. That will give you a value for your car. If it’s in good condition get a good trade in amount for it. It is a buyer’s market right now.
Also, remember that sporty cars have higher insurance premiums and that adds up over years. Also, a car that is a year old is the best deal…it’s a buyer’s market and you can get a good deal if you work at it. Look at many dealers and even go and get pre approved for a loan. Most banks will do that and then you can work with that. Don’t tell the dealer. Though you can say this is what I have…remember that taxes and all that are figured into the price…so leave some wiggle room. Then when you find the car you want, walk away from it. Make it the best acting you have done. Do NOT pay asking price. Get a deal before you get the trade in value. Then leave. Do this at at least two or three places. I guarantee they will call you back and give you a bigger discount. Don’t even think of paying full price and don’t be afraid to walk away!!!! They are hungry and they want that sale….the industry is doing very badly and you need to take advantage of it. I do this with my girls and I am the person in the family that makes the deals, I am willing to walk away from anything. There is another car around the corner. Also, try looking for a car that a person can’
t make the payments on, call the bank….they usually want the remaining payments to keep their credit from being ruined. They have to pay even if the bank takes the car. Look in the paper. Look for payoff in the ad….they are stuck and willing to sell for less than it costs. Just make sure to get the sale price for that car before you call the people. I wish you luck. It’s a big purchase and you will have it for a while but you will be paying a lot for it…make a good deal and get a car you like that doesn’t cost too much to repair…many foreign cars and large cars cost more to buy parts and labor for. Good luck.

James asks…

Which online stock broker that offers the highest money market interest while you are in cash position ?

What I am trying to say is that when you just sold a stock and in cash position, and you just want to earn a good interest while sitting there to wait for the next good opportunity for next stock purchase, which online stock broker (Fidelity, E Trade, Ameritrade, Schwab, Scottrade, etc.) will gives better interest in cash position ?

John answers:

I would be careful chasing the yield here. A lot of these money market funds are in asset backed commercial paper which is just a few notches above mortgage backed securities. None of them have broken the buck (yet) but a few ultra short term bond funds have blown up, and there is no Chinese wall between short term bonds and commercial paper.

Mandy asks…

I want to learn how to invest and trade stocks in the stock market?

I’m 16 years old, and well, I understand there is no easy way out, and that I have to be aware of what I am doing before trading. But I would like to understand which books I should read, or which online classes I should take, especially for beginners. I was also interested in option trading. Any books recommended there too?

Plus, if I started to trade in the stock market, it would look fantastic on my college application.

John answers:

That’s great you are 16 and interested in the markets. And even better is that you sound like you want to take the stock market serious. Majority of people treat the markets like a casino and throw money at it hoping they become rich, but end up losing their money. I have been trading this market for over 14 yrs. And currently manage other investors personal portfolios. Options is a great way to invest as long as you understand the risks involved. There are many strategies we use to limit our risks and increases our probability of success.

Some books I would recommend would be picking up a book Dictionary of Finance and Investment terms. This will help you understand everything from p/e ratios to the greeks (not the people but the symbols), and much more. There are also option strategy guides that explain strategies such as verticals, butterflies, iron condors, and much more. But I would recommend the option market once you understand the basics of trading in the market. And finally, the best way to understand the market is to actually trade in it. Doing paper trading (where you don’t invest real money but write down your trades) is good for starters, but it’s very different from actual trades. If you have the capital to open an account (I first started with $200) try making a few trades and understand how the markets work. I hope this helps. If you need additional help, I would be more than happy to assist you.

Good Luck!!!

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