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I agree with the OP. Prop trading is an awful industry to be in, and if you're interested in macro research, asset allocation, portfolio construction, etc., you really need to get an MBA from a top school with a strong finance curriculum (Wharton, booth, mit, Columbia) and rebrand yourself and...

Congrats. What study materials did you use? I have to take it again with my new firm. Ugh.

Any idea how I would go about that. Given the closing price of the dow jones index, how would I calculate the theoretical implied value of what the DIA ETF should be? Thanks.

Hey guys. Some advice would be greatly appreciated. I'm looking for published cases/studies (academic journals would be ideal) which show empirically that major moves in commodity futures prices preceded major geopolitical unrest (ie., terrorist attacks, invasion of oil exporting countries...

Ugh. Failed for the 3rd time today with a 66. I'm utterly shocked because I felt pretty good when I finished the exam. Pass perfect definitely did help. No idea what went wrong. Now I have to wait 6 f*cking months to re-take it.

What was your highest pass perfect practice exam? I haven't broken 70 on any of my practice ones, so i'm getting very concerned.

I have taken all 4 practice exams on passperfect and have gotten between 62 and 69 in all of them. They seem harder than the actual 56; nonetheless, i'm getting worried since my exam is tomorrow, and I'm fucked if I fail again.

Did you ever read the CBOE study manual? Or did you rely only on pass perfect?

Were you also scoring in the low 60's for the practice exams?

Yeah the pass perfect practice exams are pretty damm hard. Definitely harder than the actual test. Hopefully i will be ok by friday.

I'm taking the series 56 this Friday for the 3rd time and am going through pass perfect. The practice exams are pretty damm hard. I got a 62 on the first 2 full-length exams. F*ck!

Yes, interpretation of news and events and other "soft" factors is pretty critical. At my desk we use algos, but it's basically a grey-box system. I do a lot of adjustments and other discretionary decisions based on what's going on in the market. This includes filtering, not trading certain...

Six figures a month from equity pairs trading? Holy cow. That's pretty impressive, given that these guys are not using algos. And yes, co-integration for intraday trading seems almost useless.

I would need to wait for 1 month. If I fail again, I would need to wait 6 months, I believe. And no, I don't do drugs, and I barely drink.

EvOTrAdEr, I'm unable to send pm's, but if you can share any videos or other materials, that will be extremely helpful and much appreciated. Is there an e-mail address where I can get in touch with you? Thanks.

I have taken the series 56 twice thus far and have failed both times. I'm pretty stunned given that I read the cboe study guide twice, pretty carefully, and read the supplemental material on their website as well. Some of the questions are used over again, so if you have a good memory of...

I took the series 56 for the 2nd time and failed it. I actually did worse than my first test, so this is quite embarrassing. I read the book quite carefully and went over the updated materials on the cboe website. But when I took it, there were a lot of questions that just weren't familiar...

One of the challenges that I'm working on is the application of a stop-loss threshold to intraday equity pairs. For the most part, I'm opposed to using a strict dollar loss amount as a stop-loss. This is not entirely objective or quantitative, but there are varying types of divergences, and each...

I took the series 56 for the first time back in late October and failed after studying a good amount for it and will be retaking later this month. The exam is only difficult due to the insane level of detail that the exam tests, most of which are totally irrelevant to the actual nuts and...

Our algorithm is mean reverting. It gets into a position when the spread deviates from the fair value by a certain amount. So let's say we're currently flat BAC-C, and news comes out that S&P will be downgrading BAC. The stock takes a huge hit while C remains stable. In that scenario, we will...