NAK1987

BNS and YELP Pair trade ( long the pair )

Long
Hello , good trade imo to hedge the account , especially with election uncertainties .

Long BNS and short YELP , exit on median band .

Good luck~
Comment: Only originally entered with half a position so I could double my position if there was a drop like the one on Friday . One nice thing about pairs is that when we see an adverse movement like Fridays, we actually have an even better opportunity . Cost averaging in this case also kept me above the stop loss too . There's a good possibility on Monday the pair will begin to re converge , however if it goes against me I will exit the trade and accept my loss .

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