Closing out pair trade of CVX vs. COP
Sell CVX @ $85.59
Cover COP @ $39.39
Realized gain of:
CVX: $0.18 (0.21%)
COP: $0.42 (1.06%)
Total Realized Gain: 1.27%
Not a bad little day trade. I knew I wouldn't hold it long, but didn't plan to hold it just for a few hours.
I got the urge to reduce gross exposure and a winning day trade with 10% of my capital is always nice. It might turn into a bigger win, had I held it. But nobody goes broke booking gains.
Sell CVX @ $85.59
Cover COP @ $39.39
Realized gain of:
CVX: $0.18 (0.21%)
COP: $0.42 (1.06%)
Total Realized Gain: 1.27%
Not a bad little day trade. I knew I wouldn't hold it long, but didn't plan to hold it just for a few hours.
I got the urge to reduce gross exposure and a winning day trade with 10% of my capital is always nice. It might turn into a bigger win, had I held it. But nobody goes broke booking gains.
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