Closing Pair Trade of Long GOOGL vs. Short AMZN
Sell GOOGL @ $1,469.04
Cover AMZN @ $3,164.01
Realized gains/losses:
GOOGL: loss of $0.31 (0.02%)
AMZN: gain of $33.99 (1.06%)
Total Realized Gain: 1.04%
It's not much, but making 1% on a 10% position is pretty damn good in less than a day. Do it every day and you're up 20% for the year using just 10% of your capital.
That's why I'm not afraid to lock in gains quickly. Gains are good. Nobody goes broke booking gains, even small ones.
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