-Above is a chart of my long $jpm short $wfc trades. Other pairs I have been trading are short $wfc against $spy; short $cat against $spy;short $cof against $jpm ; short $bbby against $spy .
Wednesday, March 16, 2011
When in Doubt, Pair Trade. $JPM $WFC $COF $CAT
These volatile last couple of days I have been mostly pair trading. The saying "you have to trade in accordance with your personality" applies here. I do not feel strongly about being long or short here...I cannot predict earthquakes or nuclear developments.
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