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Livermore had been on a multi-year losing streak and never was the Livermore of old after the SEC was established in the 30s and banned some of the methods he used to move stocks.

Sentiment is indeed frothy and worrisome for the bulls. But we have never seen this type of backdrop before with the Fed trying to prop up equity prices and the stumuli from the forthcoming tax legislation. Last year the Fed wanted to prop up junk bond prices so corporations could refiance...

What it could effect is the potential taxes you have to pay on your SS benefits.

If you look at the documented track records of the the best traders on the planet they *compound* their capital between 30% to 40% per annum over time. Even the ones that compound at 20% to 25% are considered stars. So curious why you think you you can out trade the best of the best?

Less than 5% of U.S. households are millionaires when you only consider liquid assets (excludes real estate) If you are debt free, live in middle America, and share the most common trait of millionaires (frugality) a million dollars should do the trick. Edit: I should add the above is...

The spread between Treasuries and junk bonds has been the benchmark spread since 1980 and one of the primary valuation tools for junk bonds. The other primary valuation tools are default rates and mutual fund flows. You seldom see any reference to the junk to investment grade spread. Still...

Junk bonds as per their proxy the Merrill Lynch High Yield Master II Index has been hitting all time historical highs throughout this year. There have been streaks of 10 and 20 days in a row at times this year where it has been one historical high after another. Default rates among junk...

It all depends on the volatility of what you are trading. No great revealation here that you make (and lose) your most money when you are at your highest exposure of 100%. I have a seven figure account and will go to 100% in increments if there is trend persistency with little to no...

I would understand better if I didn't have to resort to using retrospect???? I talked about the junk bond rally on ET as early as January 2009 and on other trading boards discussed why I was buying in the November/December 2008 time period because they were ridiculously pricing in a default...

We aren't cutting Druckenmiller since we are all but a speck of sand compared to him, just the notion of being a victim of poor market conditions. We have had one of the greatest bond market rallies in history in all sorts of debt instruments going back as far as 2008 in some of them so I...

Bonds of all sorts and stripes have had a bull run for the ages over the past three years - Treasuries in 2008 and 2010 and Junk and Emerging Markets from December 2008 to present day to name just a few. So I can't understand all this talk about adverse market conditions impacting some of...

Trading is an art not a science!!! I guess my seven figure retirement nest egg generated from trading over the years is a mirage. And I am just your small time, average trader next door type who believes 95% of the game is about money management and 5% something else. Unfortunatley 99% of the...

Simple, you need at least three years of audited real money trading statements at a real money trading firm. Anyone who entrusts their money to someone based on backtested results or real time (but not real money) trades on some trading board has no comprehension of the money game.

Junk bonds are yielding 8 and 1/2%. And here's what you never hear on the financial shows or trading boards, the proxy for junk bonds, the Merrill Lynch High Yield Master II Index, has been up 28 consecutive trading days through yesterday and the last 15 trading days it has been one...

The junk bond market was down 0.87% on Thursday per the proxy for junk bonds - the Merrill Lynch High Yield Master II Index. One of the worst days over the past 12 months but hardly of crash proportions. Bond commentators often look at the performance of the junk bond ETFs such as HYG or...

There isn't a right or wrong answer here. But as someone who has been there, done that and now entering retirement, I can't tell you how crucial being debt free in my younger years has been to my financial well being and success. And when I say debt free, I mean just that - no mortgage, car...

I have turned $2300 into a little over $2,200,000, not exactly the stuff of a market wizards, but enough to satisfy myself. After living primarily off off my trading profits for over 14 years now (it was about 98% of my total income over that time) paying taxes, buying a house and other...

There is no right or wrong answer here. In my case, I didn't feel comfortable making trading my living until I had $300,000 to $400,000 in my account and was debt free. As an aside, the smartest move I ever made was making as many trades as possible in my IRA account. There is no better...

Until very recently there had been outflows from U.S. domestic mutual funds for over a year on an almost weekly basis. At the same time there were record inflows into domestic bond funds as investors sought safety. The Main Street investor missed almost all of the current bull market in stocks.

I am yet to see any practisioner of EW come out with a minimum of three years of real money trading statements to validate themselves. EW is a marketeer's dream pandering to those who long for certainty in an uncertain market.