Sorry if you've answered this before but I don't follow the discussions religiously. I believe you have stated that you are "all in" whatever fund you fancy at the moment. I also think that you have mentioned that said fund constitutes your entire trading portfolio. My question is, does that amount equal your entire investing wealth/funds and if not what percentage are you playing with?
I have read your book and refer to it often but I don't think that I could ever put all my money on red, black or behind the eight ball. Just wondering if you do.
Junk bond funds are notorious for their trend persistency and lack of drawdown along the way. I learned that in real time back in early 91 when I made my first foray into them. Although they were not my primary trading tool in the 90s they have become such over time. A friend of mine who also trades junk bond funds looked at some timing models using a trailing stop of 1% to 1.50% as an exit and then the same percentages as a reentry off any subsequent lows. Really impressive long term results.
Are your stops mental or do you have a good relationship with your broker? See, when I go out hiking it's for days on end with a backpack and no specific time agenda.
Mark, my days of backpacking ended when I left the west. Although love it back here in the east, it's not exactly a backpacker's dream, at least compared to the Sierras. With the bond funds I don't have to watch the markets like before. Only when they get close to my stops do I have to be more diligent, otherwise free to spend as much time as possible in the outdoors.
p.s. I live in Carson City, less than 15min drive from the eastern crest overlooking Lake Tahoe, 30min from Desolation Wilderness, and 60min from backside of Yosemite (but a lot lower). I could get in a couple of day hikes for you next week if it would make you feel better.
I've said before that I don't come here often and was not aware of the original request.
p.s. I live in Carson City, less than 15min drive from the eastern crest overlooking Lake Tahoe, 30min from Desolation Wilderness, and 60min from backside of Yosemite (but a lot lower). I could get in a couple of day hikes for you next week if it would make you feel better.:)<<<<<
heezsafe, lived 16 years in Reno and my favorite hiking and backpacking spot in your neck of the woods was the Sawtooth Range outside of Bridgeport.
As an aside, going to try the Cman route and abstain from posting. Yes, I know, tried this once before unsuccessfully but this time will try harder. Good luck to all.
Edit: All the time I posted here, I never once mentioned my book. And the ones that knew I wrote one, I asked them kindly not to mention it. The last thing I wanted was to come across as someone pandering a book, especially one written almost 15 years. Last year my royalty income came to a grand $102. I believe you can get this free online, otherwise just pick up a used one. Thanks Mark. You are a swell guy. I e-mailed you yesterday politely asking if you could delete the reference to me writing a book.
I want to wish you well as you have again deceided to abstain form posting here at MFO ... but, how about lurking? I do want you to know that I have enjoyed reading your comments and there are no doubt many paths that lead to the top of the mountain. Perhaps, we will meet sometime. Hope so anyway.
CecilJK aka Old_Skeet