Pair Trading Strategy Journal

Huh, that doesn't make any sense at all?

 

I would hardly call that famous....or correct.

 

Closed 1 trade today;

Sold NWS @ 10.25
Covered IACI @ 16.58

Opened 2 new trades today;

Long AET @ 25.94
Short AGN @ 39.29

Long HUM @ 29.68
Short XRAY @ 30.59

 

OK, maybe I should have used "often said" or something else other than "famous". But I was just pointing it out to the guy that asked about P/L varying a lot.

Also, I would like to point out that I am a fan of this thread and am profitable for pairs trading this year. There was no intention to be negative or critical with the comment.

 

then why would you trade a method that has "twice the risk and half of the return" ?

 

I was just repeating the quote - that doesn't mean I believe in it. After all I am primarily a futures trader and all the warnings like "there is risk of loss in futures trading" haven't deterred me yet after several decades and tens of thousands of trades.

I also put gas in my car despite all the warnings on the pump.

 

Opened 1 new trade today;

Long ACI @ 20.94
Short CNX @ 32.81

 

Closed 1 trade today for a profit;

Sold BIDU @ 234.85
Covered GOOG @ 366.72

Opened 2 new trades;

Long ABX @ 25.43
Short KGC @ 12.84

Long DVA @ 53.03
Short AZN @ 44.38

 

hey jon

do u follow the exit signals in the software as well or u manage your position in your own way?

 

I pick n choose what entry signals to take however I take all exit signals on my open trades strictly as dictated by the software.