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Yes, you are correct and thanks for catching that. You require cointegration to ensure that the divergence will be temporary and the pair will indeed revert back to the mean.

Well, in order to have a successful stat arb strategy that reverts back to an established mean on a consistent basis, you are obviously dealing with arbitrage between highly correlated products. And therein lies the rub. It's easy to establish and test these various combinations - the hard...

I buy many items on Amazon. Having said that, as of late if I do a quick Google shopping search I have noticed over the past few months that there are credible alternatives. In fact, I am finding that Amazon lists items as "unavailable" that I can find elsewhere readily and at a discount from...

A good understanding of Market Profile is an excellent continuing education investment. You personally may think that a price is ridiculously overbought or oversold - but if the market spends a legitimate amount of time trading in that area - it's an accepted valuation. Time component plus...

I'd like to welcome a new client from Canada.

I think that you are 100 % spot with respect to an independent trader. You are correct in saying that is would be more of a "profession" semantically. If you hired traders under you, then obviously there is a "business" aspect to it. I've hired traders before, and had to go out and get a...

IMHO, if you separate out a particular trade ( or trader's ) holding time frame for a position, then the original premise of trading as a long term business makes complete sense. Whether you hold a position for ten seconds or ten months, at least in my personal opinion you are going to have to...

RockMachine: At the risk of voiding my contract with Bone, I wanted to give an unbiased opinion of Spreadprofessor's service. 1. The price is high = yes. However, as stated Bone ONLY wants experienced traders. Well, experienced traders are MUCH harder to train because you have to un-train them...

Well, I completely agree with your point that a client is going to get out of a very good training system what he puts into it. If it's a crap deliverable to begin with from the vendor's side, then you can put 500 hours into it and just walk away disenchanted and frustrated. And you get that...

Highly edited and redacted anonymous client testimonials with no five years of trading statements or tax returns or live calls. According to the trolls all of these courses must be, by default, scams and snake oil. Same for Dr. Chan and NTU-SGX going by the same troll logic. The courses...

I believe in discourse. I never said it shouldn't be done. I am simply arguing that unfortunately I doubted it would have the benefits for which we are seeking.

No, you are completely ignoring my posts in this thread. I said on multiple occasions within this very thread to count me in. You can't let your bias filter your reception of facts.

Ask Baron how that went when he requested any credible third party viewpoints about an Advantage Futures trading statement. In three weeks he got exactly one viewpoint. Hundreds of condemning posts, but only one viewpoint. Not one of these self-proclaimed profitable members could get some...

Trolls and flaming assholes cannot, by definition, ever be satisfied by anything the target of their wrath posts. In fact, they completely ignore the positive reviews from clients that these bullies so hypocritically proclaim they are trying to protect from getting cheated and ripped-off. Like...

So, to the OP's credit, this is indeed a noble and worthwhile pursuit. Having said that, I am still stuck on my prejudiced opinion that just because a member is "certified as profitable", does not at all mean that he or she will post quality materials on trading that provokes thoughtful...

Try Crossland or Advantage or RCG or RJO out of Chicago.

Get a second opinion from a Tax Attorney, not a CPA. $350 very well spent - and its deductible !

I much prefer this approach compared to your original idea. Make sure you put them under contract (iP, Confidentiality, etc). I have a former client who is wildly successful and he does a bit of this out of his Newport Beach office. Once they have made a certain amount of money, he cuts them...

Ronin and DRW are Chicago based futures prop firms with NYC offices and that also have internal training programs. Very strong spread traders. I highly recommend them.

There are some real regulatory issues with trading funds not being properly segregated from trading fees at equity prop firms that have fee-based trading. May I recommend a Chicago based futures prop firm like DRW or Ronin that has internal training programs ? There are also several more -...