Ok so using my limited knowledge on long/short strategy to test out how it works using two companies.
Currently, as I want to keep them in the same sector, with relatively same market cap, I am using BAC and C.
Long 1000 C for $32 360.
Short 4070 BAC for $32 356.50
current spread = $3.50 due to rounding to nearest share
Will look at over the coming week or so how this strategy works. Clearly just randomly picking stocks, not doing any actual investing.
sidenote from school: as this is a blog and I do need to vent:
I am out of motivation to try in school, not making money, not getting good grades, being lazy as hell. Need to rectify this or things wont go well this summer.
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