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Call me naive, but I could never understand the mindset of anyone willing to fork over money for an expensive trading course without seeing at least three years of real money trading statements from the vendor. I've been around the game for a long, long time and traders come and go but the...

This thread is a bit of a surprise to me also. I have been trading since 1966 and haven't seen a year ( since early March) where the trends and returns were everywhere - from domestic to international. And the mutual fund industry had their best returns since 1958! I had my best year ever...

Investing vs trading??? What does it matter how you make your money. I averaged approximately 6000 trades per year between 2005-07 trading individual stocks. I made enough to pay my bills and add to my retirement nest egg each year. But it was tedious and not a whole heck of a lot of fun...

Since mid December of 2008 junk bonds have been in the midst of their greatest rally in history and shows no signs of abating. In fact, today was the 16th consecutive trading session of historic highs in the Merrill Lynch High Yield Master II Index, the proxy for junk bonds. While I think...

Not on a percentage basis because my account has compounded over the years but on a total dollar basis 2009 was my most profitable ever because I was fortunate to have been in the right place at the right time with as much as my capital as possible - junk bond funds.

Live trading calls and or posting trades on some trading forum or board is in no way, shape, or form remotely similar to real money trading at a real money trading firm. The best marketing tool/trading credentials a vendor could use is to provide three years of their real money trading...

That pretty much says it all. A non-trader ponticicating about what it takes to succeed in the trading game.

No you can't short open end bond funds (the ones that are priced once daily on the close) There is an inverse junk bond fund but it is a dog and way underperformed how it should have in last year's bear market.

I would have had an even better year had I been trading the closed end junk and emerging markets funds but they are a bit more volatile (because they trade intraday as well as trading at premiums and discounts to their NAV) instead of the open end funds. And even though I have traded these open...

>>>As far as Gary Smith's book, while a wonderful book at the time of printing, much of it is irrelevant today. In fact, 90% of trading books written over a decade ago are worthless. Yes, there's a "nugget" here & there but mostly outdated. The markets have changed a LOT since then and continue...

Charts never have and never will tell the whole story. Many in this thread are conveniently overlooking the compounding of reinvested dividends.

Junk bonds have been on a tear since the Fed meeting in early March and some junk bond funds haven't so much as had one down day, they have been either up or unchanged. Since their mid-December lows, junk bonds are in the midst of one of their largest, if not largest, four month rallies ever...

I've lived pretty much all over the country in my life, including the aforementioned Tahoe/Reno area. I think what you are looking for can be found outside of Asheville. A few also mentioned some of the TN cities which also might work ala Nashville, Knoxville, and Chattanooga. The...

I have been trading junk bonds since January 1991 and am absolutely floored how they have performed since the Fed meeting in December. It's been the greatest three week junk bond rally ever and the past two days have been the best two day rally ever. I am referring to the cash market and the...

Joe Ross was outed years ago, in the early 90s, by Bruce Babcock among many others. Contrary to his claimed trading background he learned trading from taking a Ken Roberts course and also took some one on one training from Joe Dinapoli. He learned real quick the real money in this business...

Not saying it will, but what isn't priced in yet is a larger than expected spike in the corporate default rate. That would kill the junk bond market which has held up reasonably well so far.

With Vanguard go for the yield and forget about safe as Vanguard is the *last* company that would ever let their money market funds break a buck.

Gee, that is discouraging if true. Maybe I better stay put here in KY around Mammoth Cave National Park. It is teeming with wildlife everywhere you look - deer, wild turkey, coyotes, fox and more and it's full of birds such as owls, woodpeckers, cardinals........................ I run there...

I lived for 16 years in the Reno/Tahoe area and thought it was paradise on earth, especially if you are into hiking like I am. But in the mid 90s crime got really bad and I left for the East. Although I don't presently live in NC I spent a few summers there and will probablyy move there...

Just once I would love to see someone come on here making extraordinary trading claims who willingly backs up such claims via multi-years of real money trading statements. In the real world where traders are judged on their performance and verified results, 20% to 25% per annum puts you in a...