Begin this journey by gathering financial data—a crucial first stop in our statistical arbitrage strategy. Why is good data vital, you ask? Well, imagine making decisions with faulty information! Our mission here is to gather reliable, clean data for strong analysis.
Embrace technology, explore spreadsheets, or dive into databases; it's the playground where we'll spot pricing cues later on. A challenge? Perhaps handling raw data. But fear not, tools like Python's pandas provide handy resolution!