• Ed Seykota is interviewed by Jack Schwager in Schwager's book, Market Wizards. Seykota was graduated from MIT in the early 1970s, and went on to develop the first commercially sold commodities trading system. Seykota went into business for himself, and in the years 1974-1989, managed to grow a $5,000 trading account to over $15 million dollars. Mr. Seykota is a trading genius who has been able to identify robust patterns of price action that repeat themselves in different markets. His quantitative and systematic approach to trading has been an inspiration for many. Mr. Seykota is also a genius when it comes to understanding human psychology.
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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...
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