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Pair Trading Strategy Journal
- Thread starter jonnysharp
- Start date
Quote from Don87109:
Normally, I get nervous when earnings haven't been issued and are very near. A lot of unknowns can sometimes raise their ugly heads upon earnings release.
I'm curious why you seem concerned that earnings have been previously released?
Thanks
Don
According to my strategy, this trade makes no sense.
Look:
28 April:
Insurance provider ACE Ltd.'s profit jumped 50 percent in the latest quarter, more than Wall Street expected, as the company benefited from a "generally firming market" that helped spur new polices and higher revenue from premiums.
27April:
PEMBROKE, Bermuda (AP) -- Axis Capital Holdings Ltd. said Monday its first-quarter profit fell by 51 percent and missed analysts expectations because of investment losses.
In my approach, i look for abnormal and unjustified deviations.
This deviation is fully explained by the presented results.
Okay, I got it.Quote from tatankas:
According to my strategy, this trade makes no sense.
Look:
28 April:
Insurance provider ACE Ltd.'s profit jumped 50 percent in the latest quarter, more than Wall Street expected, as the company benefited from a "generally firming market" that helped spur new polices and higher revenue from premiums.
27April:
PEMBROKE, Bermuda (AP) -- Axis Capital Holdings Ltd. said Monday its first-quarter profit fell by 51 percent and missed analysts expectations because of investment losses.
In my approach, i look for abnormal and unjustified deviations.
This deviation is fully explained by the presented results.
Thanks,
Don
Closed the trade in the first minutes.
Once again at half profit target.
Covered ACE @ 47.10
Sold AXS @ 25.27
Net +1.95% profit from a target of 5.82%.
Once again at half profit target.
Covered ACE @ 47.10
Sold AXS @ 25.27
Net +1.95% profit from a target of 5.82%.
Quote from total_keops:
Closed the trade in the first minutes.
Once again at half profit target.
Covered ACE @ 47.10
Sold AXS @ 25.27
Net +1.95% profit from a target of 5.82%.
Nice trade total.
What is your broker, and for this particular trade, how much did you spend on commissions?
Are you using leverage on your pairtrades?
I am still searching for the best solution, to implement my pairtrading strategy.
Thanks
IB.Quote from tatankas:
Nice trade total.
What is your broker, and for this particular trade, how much did you spend on commissions?
Are you using leverage on your pairtrades?
I am still searching for the best solution, to implement my pairtrading strategy.
Thanks
About 3$, 4 times 0.70ish on odd lots under 100 shares.
No leverage.
I trade very small size since I am starting here.
The comish is a considerable % of the profit and would probably kill me in the long run.