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I've taken the series 7 and 56 in the past 6 months and it's not as tough as it looks. Read through the material once and then take the practice exams over and over until you are scoring 85-90% on them. If you cant even put in the effort to study for a test how the hell will you do in the...

So you mentioned some spreads? Curious to see what you are doing there.

Do you realize how much more discipline is required with an approach that is correct 35% of the time. You have a couple things working against you. The higher risk of ruin and commissions will grind you alive!

Hey GMST! Discipline and trading, man I could write a book on that myself lol. for the past year or so I've struggled with that problem. for a good period of that time I knew I had that problem. Willpower worked about 70% of the time and then I would screw up again. Bad habits took over. Not...

Update on TBT. Solid action today. 5 day numberline is upto +5 today.

Care to give a bit background on what types of things made your algo pick up these particular stocks?

First Aup this year, this thing could have some legs!:)

This market has had some healthy rotation this past qtr. One sector that has paused for a bit and is showing some strength is real estate. Alot of these names have taken a break these past couple months and could be poised for a move. Here one to look for, EQR. First close above 42 since...

Well many have fallen victim trying to fade the move, but this last month had terrible price action for bonds...you can't deny that. We haven't seen this type of weakness in a while and that is telling you something. In general the moves with the most follow through are the ones that don't...

Here's one to watch out for next month. TLT making it's first confirmed monthly in March, this is the first one in a while. Not as much follow through as I expected after we got the breakdown, but interesting day on friday. Friday's range almost encompassed the prior weeks and closed on the...

What products are you trading? I've heard Knight has some very good software for equity pairs. I've demoed Wex and it looks decent but geared more towards options, I've also seen Redi and you need some add-ons to get order slicing and routing functionality.

Your AMRN is still looking good here as well. If it can clear 12 on some volume. Clear shot to 13.50ish if it can take out highs

AMZN strong as hell today but came off the highs into the close. May need some rest here, close to a 10% move in the last ~5 days or so. Yelp with some serious strength here after that close above 24. Some good breakouts past couple days or so.

26 highs tagged and went as high as 27. As you were.

You are right I mistakenly did my math with 25k instead of the 2500. Long day, get that stick out of your ass. Regardless the purpose of the post is to look at the returns on buying power and not initial capital. It's a lofty goal, but we will see in the first month what he can do.

Well, he is using leverage. I think think he mentioned somewhere from 5 to 30-1. If you average it out at 20 to 1, thats 500k buying power. You would want to look at the actual return on the buying power to measure performance and not the 2500. In that case 50% a year or ~4% a month seems...

Man that thing closed very strong. Even if you didn't catch any from 24, puttin some on at the close is still a good play. This thing could have strong follow through tomorrow given the strong close. High likelihood of tagging 26 in the next week. If you wait for another bar for confirmation you...

Here's Yelp...a fresh breakout. A daily close above 24 would make this officially confirmed. But it if you wait for the close today it could possibly gap up tomorrow and you would pay up more for the confirmation.

AMZN to 120 magnet. Watching MA and V looks like they will confirm if they close above prior highs. Also watching Yelp through 24, that can have legs. Lots of setups coming up!!

Good description. FWIW I backtested many variations of that pair trading "system" outlined by Cowan and couldn't get it to be profitable in any of the pairs that I tried it on. I tried the more obvious pairs, picked pairs based on fundamental factors, stocks with common fundamental inputs but...