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Thanks for the assumption, that's some really valuable feedback.

LOL thanks :) I do regret not taking trading more seriously at that time but traveling to China and South America multiple times was pretty damn fun too. It takes a long time to find a strategy that has a mathematical edge that completely suits your personality in terms of time frame...

Since I work for a brokerage firm, I know this first hand. The same statistic is applicable to poker players as well and I beat the odds there evidently. I actually do think I have a better understanding of trading than 98% of people out there who get into this. It's obvious that very few...

I think I partially agree with you, just having 10k set aside and no room for living expenses while I'm trading might not be enough money yet, even if my expenses are low. When I say low, I'm talking about $600/mo. One side note though, I have played poker online successfully in the past, I...

Number 1, I can't trade at work, it's not allowed. As far as the 10k goes, I used to have 10k in credit card debt and I had a car loan, so I started off in the negative. Plus I've only been at the job for a year and a half.

A quick background....I'm 30 years old, I have been trading off and on for about 8 years, 2 of them with a prop futures firm. I scalped there and did it miserably, that style isn't suited to me at all. I'm a poker player so probabilities play an integral part in my trading decisions now. I...

Yes, it's definitely TradeStation in the movie. You can clearly see the Matrix, the RadarScreen and the market depth window on his monitors. The director is actually a daytrader, so it's partly truthful.

What do you mean by layering? If you mean averaging down on a pair that's diverging further than your initial entry, I agree that it's a weak strategy.

I don't like the idea of trading pairs below $5-$10 share so I've avoided the automaker pairs like GM and Ford. I also don't like the idea of betting on further divergences. Aren't you just tossing away the whole idea that they are correlated if you do that? Mean reversion makes more sense to...

Thanks to ET posters, yes I've heard about this and I've taken a look at it. I'll definitely do the free trial eventually. Tradestation doesn't have a correlation indicator built-in but Thinkorswim's free platform does, so I might end up just using thinkorswim to find more correlated pairs...

So you're saying anyone who employs a market neutral strategy is a schmuck then. Brilliant.

I have been looking for edges that make logical sense to me and are tolerable psychologically and I believe I have just found something that is very suitable and profitable. I got into pairs trading recently simply because I was looking for something that was market neutral and that didn't...

the spread ratio obviously seems much more logical to use here rather than the spread difference. this would avoid the problem you just pointed out.

This reminds me of Tom Green from a scene of his movie, "Freddy Got Fingered". I don't want to explain the scene, hopefully you already know what I'm talking about because it's really funny.

I am currently learning how to program automated intraday strategies with Tradestation using EasyLanguage and I'm just wondering if anyone else in Chicago is in the same boat. I'm 29 and I've been trading for about 8 years now, 2 with a futures prop trading firm and the rest on my own...

PokerStars and a couple other sites are alive and well, they are full of US players.

I purchased the book and haven't read it yet. Stat arbing seems a bit overwhelming to me right now because I'm just learning EasyLanguage with Tradestation and even if I was completely fluent in the language, I'd think it would be very tough to find an edge just coming up with my own ideas...

Same for me, I used STC and took it last week. I got a 91%. If you just read the STC text and get all the practice exams down so that you know the questions backwards and forwards, you'll pass.

And what if you don't have enough money? Let's face it, if you are a conservative trader, even if you have 100k to trade with, you can't absolutely rely on making 40% on the year just to get by.

If there's one thing I've learned from years and years of looking at charts, it's one simple concept: when you have a large range bar (when I say large, I mean a couple times greater than the ATR for say the last 30 bars or so) that closes at its high, there's generally some continuation of that...