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There may be two different analysis frameworks for this trade. The OP did not state his rationale, but if this is a pair trade based on mean reversion (convergence of net difference in prices), then his trade might make sense for a shorter time frame. Alternatively, if this is a spread trade...

Your implementation approach does not align with your objective concepts. If your intent is to maintain a market-neutral portfolio with returns deriving from mean-reversion of the components, then you need to open all your positions at the same time. If you are making judgements about some...

Misterno, that's a fascinating statistic. Can you please provide a reference? Thanks in advance ...

link: http://www.bloomberg.com/news/2011-05-10/goldman-sachs-traders-lost-money-one-day-last-quarter-best-record-in-year.html Now I know who took the other side of my trades :)

To get on the same page about this topic, you need to define what you mean by Technical Analysis (TA). The traditional definition is the study of historical price and volume. This is the basis for the classic chart patterns and the vast array of indicators so commonly used. But this...

I didn't mean to discourage an aspiring trading. Just setting expectations that trading is the most competitive business in the world and few who try will ever make it. So, don't quit your day job.

Your current occupation, engineering, is a practice of knowledge and skills you acquired with education and experience. The occupation you aspire to, trading, requires talent that a tiny percentage of people will ever master. Think about it ... how many engineers, doctors, and lawyers have you...

Here are two tax accountants I am aware of who specialize in trader tax preparation and legal entity formation: http://greencompany.com/ http://www.tradersaccounting.com/ They may be able to refer you to someone in your metro area.

I saw it ... he did well, did not appear nervous at all. Dad should be proud. I wonder if he trades speculatively (perhaps using ACD), or if he really is trading order flow (market making). Also wonder if Fisher's MBF firm is profitable from their speculative trading, or if their clearing...

To those who claim to teach an edge and have the trading history to back it up, I salute you for being in a very small minority. I have evaluated many trading vendors over the past 15 years and I have not found one I would consider an edge provider. But of course, I haven't met everyone, so...

Trading is probably the most competitive business in the world. I don't believe you can reasonably expect any vendor to teach you an edge to become one of the few successful traders out there. But many vendors are well suited to teach you foundational knowledge about the markets, trading...

How long of a trading record would a FX spot prop firm require from a trader to grant them a million bucks in trading capital?

A typical retail spot FX account allows 100X leverage, so a <i>successful trader</i> could start with a small account and build it quickly with such generous leverage. Then why would a successful trader need a prop firm for spot FX?

Reliability issues are often heat-related. Routers get hot, so I keep mine on a cooling pad running 24x7.

Agree. But that only describes the price history, not what happens next. Trends can continue or become ranging, and ranges can continue or start trending. It's all about what happen's next ... that "hard right edge" of the chart, as they say.

If I recall an article I read many years ago, Darvas made a fortune using this technique. However, he was operating in a trending market. The Darvas Box is just another breakout trading strategy. Success comes down to whether the market is trending or in a trading range. If you could...

This link may be a good place to start: http://quant.stackexchange.com/questions/219/a-non-technical-explanation-of-cointegration You might be asking this question because cointegration is the basis for a mean-reverting pairs trading strategy. A truly cointegrated pair (not just a pair...

My perception of prop firms (at least the respectable ones) is that's where you go after you have achieved some success in trading and you want to leverage the firm's capital to scale up your positions. I never regarded prop firms as a training school for beginners or under-capitalized traders...

A related question is "Why would you fund a spot account limited to trading currencies?". You can trade currency ETF's in a stock trading account, or currency contracts in a futures trading account, with the benefit of being able to trade many other instruments from those same accounts...

Here is a related thread on this topic. It mentions alternative solutions like TradeBullet, TradeLink, etc. http://www.elitetrader.com/vb/showthread.php?threadid=199809