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Absolutely not. I would put it in the ballpark of 70-75k for the minimum.

You might want to look at the studies and datasets done by Kenneth French. The main difference between his successul momentum and reversion factors is time. Also, I remember reading on another site a post by an extremely succesful trader/developer well known to elitetraders that indicated...

Thanks man, much appreciated to hear it from someone who actually knows what it entails (my friends, family, and girlfriend are clueless as to what a CFA is).

Just passed level I this summer on my first sit. Material isn't extremely difficult, there is just a huge volume of it and having not taken it or any test like it before, you don't really know what to expect. Also, I think the test results are a bit skewed too negatively as to its true...

Small caps historically 1) bottom earlier 2) outperform large caps coming out of significant bottoms. Now I'm nowhere near insinuating this is a major bottom, but the russell100/russell2000 ratio (large/small) might be worth keeping an eye on in the coming months. Just something to keep in...

"Option Pricing and Volatility" by Shelly Natenberg is definately a requirement if you're serious about trading options.

no worries. It's a bit pricey and i'm not sure their rules about non-charterholders/candidates, but they're pretty informative and you'll meet some really good people to know. If you guys are looking for office space, i'd look into The Hive Co-op (http://hivecoop.pbwiki.com/), pretty cool...

Hey guys, I can attest that there isn't much of "scene" for traders around Denver. They're are quite a few traders around, from a mix of a lot of small-mid size mom and pop firms and then the big institutional influence w/janus etc... . but the traders for most everyone are all execution...

Shorted a yen future at the break of .9453 for a swing trade. It's been channeling really tightly for about a month and I'm looking for a range expansion through the bottom of the channel. Worried I might be a bit early and am a little uncomfortable with the size (I'm much more used...

(Day)Trades: 0 (closed 1 overnight trade) P&L = +800 My over-the-weekend short played out almost exactly how I imagined (a very rare occurence and a pleasant surprise). Closed the trade out about an hour into the day for a nice +800 buck profit. We might have a trend day on our hands, but...

Bummer of a day. I did an awesome job staying disciplined, traded real small, was selective in my setups, and was set to make make little bit(~150 bucks) on the day, a day when I would normally be down substantially. I was short the ER2 into the close and I was late covering at the end of the...

Trades: 3 P&L: $320 3 trades early in the morning, had meetings the rest of the day.

trades: 8 P&L = +210 Boring day except for the last few minutes. I really tightened my stops around 11:30 because of the chop. Seems kind of counterintuitive, but I decided if I was going to whipsawed, I'd rather lose a very tiny bit (5-10 ticks) than my normal amount(~1.5 to 2 points based...

Traded the ER2 well today and was up ~750 bucks for the day there, but lost all that and more screwing around in crude. I think today has proven once and for all that I cannot adequately handle trading two markets yet. So from now on, I'm sticking solely to the ER2 until I'm back at an...

Was anticipating the BO this morning (yesterday was an inside day and I believe an NR6 or7) and nailed it spot on. Should have called it a day then. Lost discipline on my entries during the midday chop looking for another leg down or a reversal, overtraded and gave back 3/4ths my profit from...

No Trades.

5/21/2008 Got chopped out in the morning, then had to go to a damn Bloomberg seminar in the afternoon. That post-fed minutes move is the type of vol I historically have been great at capitalizing on. The fat tail type, one-way moves are the ones that keep me in the game, while scraping by the...

Hey all, I figured I'd use this journal to start documenting my trading activities. I already keep a very detailed journal breaking my trades down by every statistic you could imagine, but I'm thinking that posting publicly will benefit me in a few substantial ways. 1. It will force...