Algokid

PAIR TRADE ( STEEL & IRON) ZEUS VS. STDL

BATS:ZEUS   OLYMPIC STEEL, INC
213 3 0
CORRELATION : 99%
CO - INTEGRATION : 0.70

long ZEUS             (green) @ 16.54
short STLD             (red) @11.06
Closing this trade with a loss
Reply
timwest Algokid
Thanks for the update. Taking losses is the only way to survive in this business.

From what it looks like to me here, uninvolved. If you get a turn from this wide spread, then it looks like a good setup. So, give a few days breather and look at it again fresh.

As a comment on position sizing your trades: If you look at a 1 year time-frame and then reference your pairs to 20% max spread for a full position, then 40% max spread in two years time frame equals 1/2 position size. You can set your max to a number too, perhaps 50%. Just throwing some comments out.

Keep up the great work.
Reply
Algokid timwest
Hi Tim

I remember you giving the recommendation about the spread on one of my very first pair trades here. I have since implemented that rule when trading pairs. If the spread is more 20 % , I don't enter the trade. This resulted in less trade , but higher probability of profit on the trades I do take. Thank you for that. :)
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