IREN LimitedLong
35% correction in 15 trading days = buy? I say yes.
Updated
Like most of my trades, this is designed to be a quick flip. It doesn't always work that way, but it has (to this point) always been profitable - literally 100% of the time with IREN.
15 of the last 17 trade signals on IREN have been profitable in one day, and the two that weren't were profitable in two and 7 trading days, respectively.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
15 of the last 17 trade signals on IREN have been profitable in one day, and the two that weren't were profitable in two and 7 trading days, respectively.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
Note
Added a second lot at 9.81 just before the close.
Lots held:
Lot 1 - 9.93
Lot 2 - 9.81
Trade closed: target reached
Closed the entire position at the close for 10.46.
Lot 1: +5.3% in 2 trading days
Lot 2: +6.6% in 1 trading day
Note
Trade results for my records:
Wins 2 Losses 0
Avg gain per lot = +5.9%
Avg trading days held per lot = 1.5
Gain/lot/day held = +3.9%
Annualized return = 3.9% x252 =+983%
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