Let's try again! Will Tech Join the Reopening Trade? Continued
Updated
I am reposting my trade from November 24th that is still active.
So far we have hit our 12% price target twice, and we are awaiting the ninth bullish heiken ashi candle in a row on Monday, on which we will take 50% of the position off no matter what.
So far we have hit our 12% price target twice, and we are awaiting the ninth bullish heiken ashi candle in a row on Monday, on which we will take 50% of the position off no matter what.
Trade closed: target reached
Hit the 9th Heiken Ashi candle so I am taking this one off. If I wasn't holding so much NASDAQ in individual stocks I would probably only take off half and wait for the sell signal of 1st red heiken ashi. You can go either route. In August holding past the 9th day yielded a higher return but on average from 2010-2020 in the backtesting research it was not as profitable as selling on the 9th Heiken Ashi, but only barely.
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