Long RXT @2.396-oversold
Updated
This one is one I'm excited about after crunching the numbers. I haven't traded it before but it has produced some eye watering paper numbers in backtesting.
Usual setup - oversold and keep adding until it isn't. Sell each lot as it becomes both overbought and profitable.
Here are the numbers from the last year:
28-3* (the 3 are from the last 3 trading days that are still open)
AVERAGE return per lot: +12.7%
MEDIAN return per lot: +11.1%
Total 12M return: 3.94x lot size
Max lots held at any point: 5
Avg. hold period per lot: 9.4 trading days
Median hold (half the time it's less than this): 6 trading days
This is the one that is mind boggling...% return/lot/day held: +1.34%
That number is a HUGE number. Most GOOD ones are between .5% and .9%
That's every dollar traded making an average of 1.3% per day. That's the average from all 31 trades, including the 3 that are underwater at this point.
BTW, The blue line on the chart represents an average gain from the initial trade level. I'll keep posting updates as I add to the position or sell.
As always, if you trade on my ideas, that's on you. This information is for educational and entertainment purposes only.
Usual setup - oversold and keep adding until it isn't. Sell each lot as it becomes both overbought and profitable.
Here are the numbers from the last year:
28-3* (the 3 are from the last 3 trading days that are still open)
AVERAGE return per lot: +12.7%
MEDIAN return per lot: +11.1%
Total 12M return: 3.94x lot size
Max lots held at any point: 5
Avg. hold period per lot: 9.4 trading days
Median hold (half the time it's less than this): 6 trading days
This is the one that is mind boggling...% return/lot/day held: +1.34%
That number is a HUGE number. Most GOOD ones are between .5% and .9%
That's every dollar traded making an average of 1.3% per day. That's the average from all 31 trades, including the 3 that are underwater at this point.
BTW, The blue line on the chart represents an average gain from the initial trade level. I'll keep posting updates as I add to the position or sell.
As always, if you trade on my ideas, that's on you. This information is for educational and entertainment purposes only.
Comment
Added 1 lot at the close @2.2991Comment
Still oversold. +1 lot @ 2.275Comment
Still oversold - added 1 lot @ 2.27 at the closeComment
Still oversold - added another lot @2.22Comment
Oversold. Added another lot @ 1.885 at the close.Comment
Closed the 4 most recent lots today at 2.40 at the close (overbought and profitable). They gained 5.5%, 5.7%, 8.1%, and 27.3%, respectively.Trade active
TBH, the entire position should have been closed at 2.40 on Aug 13th (I did that for real). Since I messed up here and didn't report that, I'll play it like I still have the 2.396 and the 2.2991 lot and I'll add one to that at 2.11. Sorry gang, I don't know what I was thinking. If history is any indication, it'll work out anyway.Trade closed manually
oversold, so I would have closed the last 3 lots today. gains of 5.6%, 10.0% and 19.9% for each.Comment
Final tally for this idea (for my accounting purposes):
Wins: 7 Losses: 0
+5.5% in 12d
+5.7% 11d
+8.1% 10d
+27.3% 6d
+5.6% 42d
+10.0% 35d
+19.9% 5d
Average return per lot = 11.7%
Average holding period per lot - 17 trading days
Per lot per day annualized return = 173.4%
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