Quote from mschey:
No thanks, don't do drugs, and won't ever do them, I don't want to turn out like you! 
You need to do em cause god knows you need em badly. That and a blowjob.
Listen, even you could hold a combined pair portfolio of 200k overnight, capture a theoretical edge of say 12% and add another 24k to your bottom line. Could you use a 24k a year raise?
Why stop at 24k, why not make easy millions. Shiiiit, 12%, just throw 20 mil down and make that $2.4. It's that easy cause there is NOONE else out there trying to do pair trading, even the 1000s of hedge funds running their computer programs. In fact there is so little competition in pair trading, that the pair NEVER stop working and never get disturbed every week.
Seriously, I do a pair trade about once a week, to be honest, there is not much of an edge there. After slippage and the penny fighting by the programs, there is not much to be made unless you wanna flip size. There was an almost obvious pair trade with the steels last week, too bad the move was pathetic as every other day trader & program jumped on it. Specialist tore ppl apart, it was that easy.
You also seem to be under the impression that it is possible to trade an unlimited number of stocks & strategies at the same time but realistically, if you're gonna run a new strategy that means taking time away from what you're doing
Now add to that, a few other strategies, and WHOLLA', you have a business plan to put 120k on the board and triple what you normally make delivering pizzas.
I know, it will take a little bit of work, but imagine what it would be like giving up that second job
!
You might wanna get details on my "pizzashop" located at 9 W57th street. I actually like the gig, lot of interesting info, cool people, very relaxed. I'm typing this message & getting paid.
Better yet, think of it this way. I have side income in times
when even seasoned traders are being ripped apart by this market. Why would I even want to quit it, the way this market is going. But then you're the guy that advises to heavily size up when having tough times & adjusting to a new trading system, so go figure.
It has been my experience, that the enemy of pair traders is concentration and size, trade 10 pairs with 1000 shares, rather than 2 or 3 pairs with 3 or 5k shares and you will be better off.
You're right, but I don't think you can even find 10 reasonable pairs in this market. It's not easy, free money, pair trading is very competitive. Pairs are constantly being whacked out of line because too many ppl jump on the wagon. Still an interesting strategy and there are times when the trade just presents itself.
