Recently the hedge fund community disclosed their best trade, it was the pair trade long Google and short Apple Inc. Pair trading can boost profits (and losses) when make you the big calls.
readtheticker.com makes is easily to monitor the best pair relationships.
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Investing Quote...
..."While I have made it a practice to limit my risk in most cases, I can trace most of my principal losses to my failure to place stop orders when the trades were made." ~ Richard D Wyckoff