Oversold in a strong recent uptrend. Will hold each lot until it is both overbought AND profitable. No stops for me. Had a dizzying 40% drawdown back in September '23 and held 14 lots at the bottom of that.
In the end, though, all 14 (and the next 13) turned a profit. The indicator and exit strategy combo is 27-0 (with two recently opened positions) in the last 12M. Average gain per trade is 12.9% and median trade was +10.0%. B/H for GERN was +42% in the last 12M while the equal dollar trades produced a cumulative +347% over the same time.
I will try to update added positions or if I close positions.
In the end, though, all 14 (and the next 13) turned a profit. The indicator and exit strategy combo is 27-0 (with two recently opened positions) in the last 12M. Average gain per trade is 12.9% and median trade was +10.0%. B/H for GERN was +42% in the last 12M while the equal dollar trades produced a cumulative +347% over the same time.
I will try to update added positions or if I close positions.
Note
Added to my position at 4.2369 just before the close today.Note
Sold both lots of GERN at the close today at 4.59 for gains of 3.3% and 8.1%, respectively.Indicator and exit strategy are now 29-0 in the last 12 months.
Note
Trade results for my recordsWins 2 Losses 0
+3.3% in 7 days
+8.1% in 6 days
Average return = +5.7%
Average days held = 6.5
Per lot per day annualized return = +221%
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.
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.