Thursday: -20 USD (No plotter) Friday: +481 USD
Decided to post my PnL whenever I have the time left. +305 USD
http://finance.yahoo.com/video/companynews-18928726/goldman-looks-to-move-proprietary-trading-desk-21551637
New positions. Long PAA @55.24 Short MMP@45.14 Long SLF @28.39 Short MET @35.98
Stopped out. Sold PVA @24.94 (-3.71%) Cov. SFY @29.91 (-3.89%)
New trade. Long LNC @25.02 Short PRU @51.94
I use PTF only to scan for pair combinations. For signals I use the ToS software.
New trade. Long BEAV @25.04 Short GD @71.21
The thing I dont like at WMB-MMB pair at the moment is, that the spread makes new 12 months lows. That would make me atleast cautious on the trade.
New trade taken premarket. Long AU @34.78 Short GFI @11.22 I like the WMB-MMP trade alot too, but will wait for some better entry prices...
Since I was not happy with the results lately, I made some tweaks to my pair trading. Here is the first trade. Long PVA @25.90 Short SFY @28.79
Thats how it looks like. Go to Bright Trading, take their program and run your own business. Dont let yourself churn by them.
The problem that I noticed is, that 1-2 big hits between 100 and 150 USD that will come very likely during a month reduce the profit dramatically....
Interesting approach. Thanks Walt!
Opened that trade yesterday. KO BOT 56.20 JAN 5 21:05:05 PEP SLD 61.92 JAN 5 21:05:20
Just to add some content since its a journal.
Yes please, Don!
I enter my trades the old fashioned way using limit orders and executing leg by leg manually. Never had problems with IB. Fast or slow markets....
Separate names with a comma.