hat8866, let me know what sector/industry your interested in & and Il do a correlation test in pairtrade finder and post the results.
Pair Trading Strategy Journal
- Thread starter jonnysharp
- Start date
Closed 2 trades today for a profit
Sold GR @ 49.96
Covered COL @ 49.70
Sold HON @ 47.60
Covered LUK @ 42.03
No new trades today.
Open trades: 10
Wins: 11
Losses: 0
Sold GR @ 49.96
Covered COL @ 49.70
Sold HON @ 47.60
Covered LUK @ 42.03
No new trades today.
Open trades: 10
Wins: 11
Losses: 0
hey very cool journal. You have inspired me to get excel set up and try and start adding some pairs daytrades during the day. Keep up the good work!
Currently down about 3800 on open trades, closed wins are offsetting them though. My open portfolio is concentrated in basic materials which have been very volatile lately, my position sizing reflects that however i'm working on setting exposure limits to sectors now. Ive noticed most of my trades go against me for awhile before coming back, i'm currently looking at incorprating a layering component in my trading plan, by looks of it I would be up more atm if I had layered.
Atm, I don't use stops, I just wait for an exit signal. I'm looking into stops and may incorprate them into my trading plan in the future.
Opened 2 new trades today;
Long CCI @ 33.77
Short AMT @ 38.78
Long TOL @ 25.00
Short PHM @ 16.38
Id like to thank everyone for their ongoing contributions, Ive got heaps of ideas that I'm working on to improve my pair trading.
Opened 2 new trades today;
Long CCI @ 33.77
Short AMT @ 38.78
Long TOL @ 25.00
Short PHM @ 16.38
Id like to thank everyone for their ongoing contributions, Ive got heaps of ideas that I'm working on to improve my pair trading.
I received entry signals for them. Also correlation charts are in an uptrend and above 90%. Ratio charts are in a trading range and are currently around previous reversal zones.
Where are the losses coming from if you have 11 Wins and 0 Losses?