Need help with a Pair Trade XOM - CVX

Quote from atticus:

Yes, but you made $24.40 before the $5.00 hit. ;)
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Well it would have worked that way if I hadn't doubled my size on that pair a few trades before the loss!

I've also had pairs that hit the losses early and never got back over breakeven.

I have traded pairs off and on for nearly twenty years and overall I think I am profitable, but not nearly as profitable as the rest of my trading. And pair trading can be stressful too. You can be running a basket of pairs that test out as statistically independent and suddenly they are all going bad on the same day. I briefly worked with Nunzio Tartaglia (after Morgan but before Harvard) around 1990 and blame him for getting me into it.

I've known PairCo guys who used a casino martingale progression called the cancellation or lambouchere system to add to losing pair trades. Seriously. They called it "working the rolls." A recipe for disaster.

Yobo, there is a guy on C2 running this pair in a system. It's called PTE Daily I think. Are you he?
 
"Yobo, there is a guy on C2 running this pair in a system. It's called PTE Daily I think. Are you he?"

No I am not that guy. Don't know what C2 is or never heard of PTE daily.

I'm an independent trader in Portland ME.
 
awwww shit, I have such a habit of getting enthused and abused in shitChat rooms...

I understand your marketing needs guys, but have some class, be upfront about your wares etc....

still.... the first couple of pages are good....
what the tits are you selling anyways? seriously, the tits?
 
Hey Bigbiscuit. I' not selling anything. I have no idea what C2 or PTE daily is? Do you? Kind of curious since it relates to XOM/CVX.

Anyway. CVX reported today. Solid numbers, but XOM is actually outperforming CVX a small tad today, but most importantly, the correlation remains in tact.

Staying with the trade.
 
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