I'm starting to really like trading this stock - long at 3.47
I cheated and bought intraday on this one, because it threw a signal yesterday and I didn't bite then. I couldn't resist today.
You might remember that in my first idea for this stock on April 3, I had some nervousness about this stock. I was happy getting out with a 3.7% gain in four days. What if I told you that was the worst return of the last 7 signals?
There have been 6 signals since my last idea. These are the returns (shown on the chart with white arrows):
+11.22% in 3 days
+12.95% in 2 days
+10.33% in 6 days
+17.11% in 2 days
+6.71% in 2 days
+4.02% in 3 days
Obviously not a guarantee, but those are numbers that make me a lot less nervous about this trade than the first one. Obviously, buying and holding since my last trade would have been a far better idea (+112% in 10 weeks), but that's not what I do, and few stocks do what this one has done since then. So this time, I'm not just coloring outside the lines, I'm scribbling. Hopefully, this one will be a big winner. Fingers crossed.
I could enter additional lots if it throws signals before it pays and this may or may not be a FPC trade, depending on the circumstances.
You might remember that in my first idea for this stock on April 3, I had some nervousness about this stock. I was happy getting out with a 3.7% gain in four days. What if I told you that was the worst return of the last 7 signals?
There have been 6 signals since my last idea. These are the returns (shown on the chart with white arrows):
+11.22% in 3 days
+12.95% in 2 days
+10.33% in 6 days
+17.11% in 2 days
+6.71% in 2 days
+4.02% in 3 days
Obviously not a guarantee, but those are numbers that make me a lot less nervous about this trade than the first one. Obviously, buying and holding since my last trade would have been a far better idea (+112% in 10 weeks), but that's not what I do, and few stocks do what this one has done since then. So this time, I'm not just coloring outside the lines, I'm scribbling. Hopefully, this one will be a big winner. Fingers crossed.
I could enter additional lots if it throws signals before it pays and this may or may not be a FPC trade, depending on the circumstances.
Note
by throwing a signal "yesterday" I meant on WednesdayTrade closed: target reached
out at 3.60 at the close today. not the double digit win I had hoped for, but a solid win nonetheless. maybe next time.Note
trade results for my recordsWins 1
Losses 0
avg gain per lot = +3.75%
avg holding period = 4 trading days
avg gain per lot per day held = 0.94%
annualized RoR = +236%
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.