redwingcoach

redwingcoach Updated 

I've posted ideas about MA before. I will continue posting buy ideas about MA until the final breath leaves my body. The average credit card APR is 24.3% - I think this trade can do better. Around 60% APR on average, with a good chance at 270%+ APR. MA is in a multi-year uptrend, only 2 days removed from its all time high. Smoked today not because they lost...

redwingcoach Updated 

In addition to being at the heart of AI and having margins north of 70%, AVGO has done incredibly well with my algo. 381-0 with an average return of 1.71% in an average of 7 days - a .244% per day return, about 4x the average daily market return. However, adding the new filter I've been using ups that number dramatically. In the last 2 years, in 39 trades,...

redwingcoach

As tempting as it was today to choose TSLA and profit from the middle school girl drama that is Elon and DJT today, I’ll wait until the dust settles on that one to profit from it. Yes, the chart here for CME looks almost identical to the one for TW in the idea I posted yesterday. Hopefully, the outcome will be the same. CME's performance with my algo has been...

redwingcoach Updated 

Like my UBER idea from yesterday, TW doesn't have a long enough track record for my to "officially" rank it among the stocks I trade, but also like UBER has produced excellent results during its albeit relatively brief history. Its record with my algo is 158-1 (the one "loss" is from a signal generated yesterday). The average gain was 1.33% in 13 trading days -...

redwingcoach Updated 

So this one is a little riskier than most trades I take, but the juice has been historically worth that squeeze. Historically, this setup has never produced a losing trade on RKLB, so I don't expect this time to break that streak. In addition to having a perfect record, it also has stellar (no pun intended) daily rates of return. It's also in the midst of a...

redwingcoach Updated 

If I ranked the performance of UBER with my algo vs. all the other large caps I trade, it would rank right near the top with regard to return per day held. I don't rank it, because I don't have enough historical data to include it in my rankings. Its limited results are impressive, however. 196-3 (the 3 are open from the last 3 days) with an average gain of...

redwingcoach Updated 

This one actually gave a signal yesterday and I bought it then. With NVDA's earnings it popped 4% and I got out after hours (thankfully). It gave another signal again today, which doesn't happen all the time so I'm going back for a double dip. The best part is that the second of 2 signals in a row usually pays off fast and well - which of course means I just...

redwingcoach Updated 

I went long RB Global at the close today. Zoom out and you'll see a pretty beautiful chart for a company nobody reading this has probably ever heard of. It's been in a nice uptrend for the past 2 years and just put in an all time high a week ago, so it has good momentum. Obviously, it's also trading above its 200d MA. It has support right here, as well as...

redwingcoach Updated 

Long today after the close at 210.40. Historically, ADI has been a top 20 performer for my trading system, so a 1 week slump doesn't faze (NOT phase) me a bit. Long term, it has a dazzling track record for what I do, so short term struggles just look like an opportunity for me. Historically, this particular setup is 359-1 (the one would be a trade from late...

redwingcoach Updated 

If you've been following me for any length of time, you know what a trader-crush I have on TSCO. The success I've had with it over time has been about as good as any stock I trade. This is a sad chart, when you look at it. There's really nothing here that screams buy right now. But the chart doesn't tell the whole story. While I'm not using my typical algo...

redwingcoach Updated 

As a short term mean reversion trader, I don't like charts that go straight up. Since late April, that's what META has done. With just a small pullback from its recent highs, this is a spot where if the trade works, it should work quickly, playing off the stock's recent momentum. But if it doesn't pay off quickly, the risk is that I'm getting in near the top of...

redwingcoach Updated 

Today was a rough day for the market, but rough days are opportunities. Days like this require confidence in what you do, though. For me, confidence comes from data. Could there be more downside ahead? Yep. Taking the time to mine data to understand whether what you are doing has been successful in past circumstances where corrections have been involved helps me...

redwingcoach Updated 

I am on record more than once here saying that I don’t like trading stocks without long trading histories. I stand by that “rule” but on this occasion, I’m going to break it. That lovely uptrend is only part of the reason why. NYSE:CR has only been publicly traded since the spring of 2023. It has produced some of the best results in the entire spectrum of...

redwingcoach Updated 

As mentioned in the text box, this setup has done very well in the last 12 months with EA. But in addition to that historical performance, the uptrend since January is still intact, and the recent April pre-breakout highs are now acting as support. The idea here is a quick flip, though I may or may not use FPC on this one depending on market conditions. If the...

redwingcoach Updated 

Step 1: Zoom out on the chart for CASY. Please. Feel free to scroll back all the way to 1984. I'll wait... That view alone tells you all you need to know. This is one of the prettiest charts you'll find anywhere on Wall Street. Not flashy, just relentlessly and consistently profitable. If I make money on this trade, the credit goes to the stock, not...

redwingcoach Updated 

There's nothing particularly pretty about AAPL's 2025 chart. It's in a solid downtrend since the start of the year, losing 24%+ this year. However, a recent higher high and higher low since the April 8th low, and support from the April 21 pullback low close by gives me a little hope that a quick snapback is potentially in store. Potentially grabbing the...

redwingcoach Updated 

Nothing special about this trade except that it was one of only 6 large cap stocks that registered as a buy for me today and was the best of the bunch, technically, imo. Historically, the returns here are only about 20% better than an average market return per day, but using this trading technique, it has never lost money - 1027 wins, 0 losses (real and...

redwingcoach Updated 

TTAN is a stock that just went public in December, so take the results below with a grain of salt - these are not likely typical (magnitude-wise). That said, I'm using the same entry rule I've used for many other trades lately with good results. While this is the first time I've actually traded it, the trades I'd have taken on this ticker are shown by the...