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Ryan is the creator of the Smart Trading Mentorship Program. His trading accomplishments are many. In 1999, Ryan guaranteed the profitability of a single trade to a group of 200 traders at a seminar. Had the trade not worked out, Ryan would have owed a total over $150,000 to these traders if...

They are talking about Ryan Jones who is the fixed ratio guy... the Canlim IBD trader is David Ryan. --MIKE

U are miss quoting what i said. I said i wouldnt "brag" about a trader unless he is pulling in serious money... like $1mil a year. In New York the cost of living is very high. $100k before taxes is not enough to support a family with 3 kids.. 2 cars and a nice house.. assuming you have a...

Bottom line is that Iraq is a complete mess. One of the stupidest wars of this century. Complete waste of US resources. We would of been better off assasinating terrorists throughout the world in covert operations throughout the world alonside our Arab allies. Iraq money should of went to...

$1k a day is peanuts here in NYC. I wouldnt even brag about a trader unless he is pulling atleast $1mil a year for atleast 5 years. $6-7k a month is not even worth looking at a computer screen all day. A good secretary on wall street will make more than that.. get your facts in order dude.. u...

Bro you are right on the money. Excellent post. Its funny how people think that traders should make X amount of money every week or month. To me it all depends on the opportunity at hand. I dont think of it in terms of getting a pay check every month.. sometimes I can place 5 trades the whole...

Dude.. u are cheapening your company by making these statements. Why dont u advertise on tradingmarkets.com or send junk email to their mailing list? --MIKE

I agree the dollar will not make new lows for quite some time.. but it will take a long time for it to stage any type of serious rally... we very well can get 3-6 months of back and fill.

Good question... just to put things into very simple perspective. USD rates at %1 and are not moving for months. EURO at %2. England at %4 ( will raise rates to %4.25 this friday) .. Aussie at %5.25. Simplest reason as to why curruncies move up is the money flows to the country with the...

I agree 100%... but I take this with a different meaning. Alan knows exactly whats going on.. but he is just delaying the inevitable. The whole US financial monetary base is a complete joke. Our system is so screwed up that when we are growing our fastest we cant even raise rates off half...

My 2 cents. The way I actually make money is by combining fundemental catalysts and events with price action. I dont use conventional price patterns and my time frame is mostly a few days.. from 2-20 days usually. Occassionaly on huge economic number days like today.. I will try to...

Not calling for the end of the world. Just a continuation of a major bear market that will hit stocks for many years to come. People will still live and life will go on.. but eventually they will learn a new financial lesson. --MIKE

Not exactly. Dont forget 70% of US GDP is consumer spending.. which probably makes up the middle and lower class. They have been squeezed beyond belief. Its only a matter of time before they start blowing up and capitulating. So they wont need to buy $30k+ cars or the latest tech gadget. The...

My answers.. 1. I dont mind if their economy cools down but there are 2 major problems. One is that the gov. issues the loans its not so much of a supply demand type market. Which means corrupt officials are allocating money in the wrong places through bribes. In turn this means that a lot of...

Media thinks the world is doing just great. Listen to CNBC they are still giddy over the stupid Google IPO which will add more supply to the markets. Real estate continues to go up... people continue to spend.. look at retail sales. All of the big brokerage firms have a 1200+ target on the...

Totally wrong. A rise in rates will destroy the housing markets. Its just a matter of time until all the debt and mania unwinds. Stocks like CFC have seen their best days.. every rally should be shorted.. until these stocks correct by atleast 50%. Look at a stock like NFI. Thats what will...

CFC looks the best.. I would wait for tuesday fed before I would short.. also I would watch this friday carefully to see how the stock reacts to unemplyment report. Technically u dont wanna see CFC close above its 50ma. --MIKE

Exactly.. he is on the right side of the trend and its a good long term bet. As our debt load increases the only way to pay back everything is by devaluing the dollar If we dont have the money to pay back our debt.. lets just print some more... eventually this game just blows up in our...

So u are out the second the market opens.. or u wait for some type of predetermined profit target?

Well.. I am including Afghanistan and Iraq. It will be more close to $600-700billion a year. --MIKE