PEP
New Pairs Trade (Long PEP vs Short MNST)Hey traders, today I share a pairs trade I put on, going long $PEP and short $MNST in equal amounts betting on a reversion to the mean in the next couple of days and with a tight stop loss to limit the downside.
These are two similar stocks which make for a great pair and you can see on the Range Strength indicator the pair is currently trading in a strong range which is what we want to see before we take a signal from the Buy Sell Bands.
Stay tuned as i'll be updating this trade idea as it progresses.
Have a great weekend!
Jared
"Joe's Earning season preview" EP01Hello everyone, I'm going to uploading this series as the earning season is going to take places!
Check the names that will have their earning reports this week and see how my strategies will be!
Tue: PEP
Wed: BBBY, PSMT
Thur: DAL
My English speaking is lack of practice for quite a while; please forgive me for my poor expression lol.
Let's see how they go this week yo!!!!