Kevin_in_GA
4,599 posts
msg #136754
- Ignore Kevin_in_GA |
7/14/2017 8:17:24 AM
Here is how the pair shorting strategy has worked over the last two months:
| Symbol | ENTRY DATE | ENTRY PRICE | SHARES | INITIAL VALUE | CURRENT PRICE | CURRENT VALUE | GAIN/LOSS ($) |
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| DRIP | 5/10/2017 | $17.80 | 281 | $5,001.80 | $22.97 | $6.454.57 | $1.452.77 | | GUSH | 5/10/2017 | $30.08 | 166 | $4,993.28 | $20.14 | $3.343.24 | $1650.04 | | | | | | | PAIR TOTAL: | $197.27 (1.97%) | | DRN | 5/10/2017 | $20.96 | 239 | $5,009.44 | $21.49 | $5,136.11 | $126.67 | | DRV | 5/10/2017 | $12.27 | 407 | $4,993.89 | $11.66 | $4,745.62 | $248.27 | | | | | | | PAIR TOTAL: | $121.60 (+1.21%) | | DSLV | 5/10/2017 | $29.45 | 170 | $5,006.50 | $31.65 | $5,380.50 | $374.00 | | USLV | 5/10/2017 | $11.28 | 443 | $4,997.04 | $9.85 | $4,363.55 | $633.49 | | | | | | | PAIR TOTAL: | $259.49 (+2.59%) | | DUST | 5/10/2017 | $33.30 | 150 | $4,995.00 | $33.31 | $4,996.50 | $1.50 | | NUGT | 5/10/2017 | $31.11 | 161 | $5,008.71 | $27.71 | $4,461,31 | $547.40 | | | | | | | PAIR TOTAL: | $545.90 (+5.46%) | | ERX | 5/10/2017 | $28.95 | 173 | $5,008.35 | $25.14 | $4,349.22 | $659.13 | | ERY | 5/10/2017 | $12.15 | 412 | $5,005.80 | $13.39 | $5,516.68 | $510.88 | | | | | | | PAIR TOTAL: | $148.25 (+1.48%) | | GASL | 5/10/2017 | $29.22 | 171 | $4,996.62 | $19.96 | $3,413.16 | $1,583.46 | | GASX | 5/10/2017 | $29.09 | 172 | $5,003.48 | $38.50 | $6,622.00 | $1,618.52 | | | | | | | PAIR TOTAL: | $35.06 (-0.35%) | | JDST | 5/10/2017 | $88.37 | 57 | $5,037.09 | $72.20 | $4,115.40 | $921.69 | | JNUG | 5/10/2017 | $15.95 | 313 | $4,992.35 | $16.08 | $5,033.44 | $40.69 | | | | | | | PAIR TOTAL: | $881.00 (+8.81%) | | SCO | 5/10/2017 | $41.37 | 121 | $5,005.77 | $43.07 | $5,211.47 | $205.70 | | UCO | 5/10/2017 | $16.29 | 307 | $5,001.03 | $14.71 | $4,515.97 | $485.06 | | | | | | | PAIR TOTAL: | $279.36 (+2.79%) | | | | | | | | | | | | | | | GRAND TOTAL: | $2,397.81 (+3.00%) |
Actually not bad - 3% gain over the last two months without significant risk since each position is hedged against sudden movements. Here I am simply tracking these without rebalancing - some folks have commented that rebalancing would better manage risk. I agree and will rebalance any pair that has moved more than 20% (e.g., DRIP/GUSH, GASL/GASX).
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Kevin_in_GA
4,599 posts
msg #137565
- Ignore Kevin_in_GA |
8/11/2017 12:02:48 PM
More follow up later tonight - currently the net gain on this approach is at $2,554 - barely moved since last month, but was as high as $3,400 or so until the last week or so. This approach might be even better with periodic rebalancing once a pair gets too lopsided.
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Kevin_in_GA
4,599 posts
msg #138110
- Ignore Kevin_in_GA |
9/11/2017 6:38:49 PM
Monthly update - all shorts are up a collective $2099.88 (2.6%) after 4 months, versus a 4.3% gain for the SPY. Not really rocking the house here. Basically you are making next to nothing. This could be a good strategy for a choppy or down market, but right now it is underperforming.
Last post on this topic.
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