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  1. L

    managing accounts

    Has that changed recently? I registered as a CPO because I started with $250K. I could have sworn $200K was the cut off. I see your link and see you are correct. I guess I missed something when I read over the rules and regs.
  2. L

    managing accounts

    I believe you have to be under $200K in order to be exempt from having to register as a CPO.
  3. L

    Andy's Spread Trading Journal

    The WH5-WK5 spread is wider than the one you chose. Any reason you chose that spread in particular. I am not saying what you are doing is incorrect. I'm just curious? Are you dividing by the number of months between the spread?
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    Information on Series 3 Exam

    That exam is pretty easy. Just make sure when you register you register with the exact same name on your drivers lisence. Instead of putting my entire first name I put only my first initial and it caused a mess at the testing center. Long story short they wouldn't let me take the exam that...
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    Single most important book for a trader

    I 100% agree with that statement. If you are to succeed in trading you need an edge and no book can offer that. That is one reason I think "Fooled By Randomness" is such a great book. It does not tell you how to trade or what to trade. Taleb says, in a more lengthy manner, "Your results...
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    Single most important book for a trader

    billgates, Interesting view. You could be correct. However, I was not implying that you should do exactly what the book said. Here is what I gathered out of the book: 1)Backtested results mean, shit. 2)The backtested results of that fancy trading system could, in fact, be...
  7. L

    Single most important book for a trader

    I answer this question the exact same way every time... "Fooled By Randomness"
  8. L

    Series 3 exam courses?

    I found this book helpful... http://www.securitiesexam.com/products/index.htm
  9. L

    Series 3 exam courses?

    I think a book would suffice. You can also get a computer cd which will administer you a test similar to the one you will be taking. Some CDs will tell you the odds of you passing the actual exam and most of them will tell you which areas to work on specifically.
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    Simple System for Beginners

    Actually yes I do believe it. Over the years I have seen it numerous times. The entire idea behind trading is finding an edge and exploiting it. When everybody finds your ideas you no longer have an edge. Maybe you have had different experiences but I have seen it happen more than once.
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    Simple System for Beginners

    Using proprietary position sizing and stop methods I show a 333% gain since Oct-2001 with a 5% MaxDD net commissions/slippage. 2 years of this data is out of sample. This does look very nice, however there are some problems: 1) Backtesting is not reliable. Needs to have a Monte Carlo...
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