Hello Everyone, I was just wondering if anyone is trading using Stock Odds through Bright Trading. Would appreciate any info on the Stock Odds service. It helps find pairs and baskets for stat arb trading. Thank you.
i give you the new strat for free. buy anything up 100% and sell it up 300% rinse , repeat , lambo this is better than anything anyone else here can give you
Ok, that is good. I would also not consider taking ideas from them. That should be only some waste of time for the required backtesting computing time. Plain StatArb is the good thing in my opinion. You only need to be aware which stocks are really fundamentally related. Then you can expect some mean-reverting behavior (later) even when it does not work for some time (with the optimized setup).
I am not so into stocks anymore (since a few years). Because the effort would be too much. If you do only very small size for intraday trading with StatArb then it is not a problem. But imagine you wanted to do some larger size you really must another execution system to collect and distribute those shares, you cannot simply enter 20000 or 200000 shares at once with minimal slippage. That was one reason I switched to Spot Forex because of the larger liquidity and I really do not need to care about order sizes/trade tickets. Actually I am also not aware of a broker where you can get decent intraday leverage for European stocks, say something in the region of 50:1 leverage for intraday only. And if you swing trade stocks you do not get good leverage and it takes much more time to build up. That is all not the case with FX.
That’s huge size. You’re right…baskets require huge leverage. Bright is supposed to offer Euro trading through IB. 20 to 1 leverage. But forex has way more built in leverage.