HON happens to be oversold. But I didn't choose it for that reason. I chose it mostly to teach a couple of lessons about trading. I won't probably be updating this idea daily though, because I'm not trading it and I have too many other things to keep track of already. I will try to check in on it once a week or so. So why did I choose HON? If you asked 100...
CIFR is borderline oversold. It was when I started placing the trade and it rose to just above it now. This trade is designed as a 2 day trade, but if it doesn't work out, it'll be oversold anyway so I'm fine. I bought the stock at 2.99 and wrote a 9/20 $3 call and got paid .10 ($10) for it. My plan is that I lock in a 3.3% gain in 2 days assuming the stock...
Not surprising that they are oversold together. There's lots of ways to play this. I already have exposure to the miners in IREN so I'm not gonna add to that - I've got a full plate of tickers I'm waiting to be overbought. Could've sold 2 early in the day today, but I wait until the close to make buy/sell calls. Anyway, the miners will be under pressure as...
Buying as long as it stays oversold and sell each lot as it becomes overbought and profitable. I'll post details later but system is 23-1* in the last 12 months on this ticker. Not huge average gains, but if the Fed cut is bigger than expected, its 8% dividend is a safe haven. Nice uptrend too. Not investment advice - just edutainment.
This one is surprisingly profitable. Usually large caps aren't that great for these kinds of trades, but DELL is. On top of that, it's in a strong uptrend (up almost 200% in the last 12M), it is past earnings, and has a dividend coming up soon in case I"m stuck holding, which doesn't happen often with DELL. Additionally, it's already been oversold 2 days now...
Today, a firm sent out a notice that they are short IREN so I'm going long. Their track record suggests going long when they say go short is a potentially very profitable short term strategy. They are often correct long-term, but sometimes a short wouldn't survive a margin call and short-term a contrarian long play can often yield 30-500% Some of their recent...
It's been a minute, but with the big sell-off I didn't want to spread my capital too thin, and then with the sharp rise subsequently it's hard to find a decent stock that isn't overbought now. Plus with energy not being as correlated to everything else I'm holding, it helps diversify. Will continue to add lots as long as it is oversold and sell each when it...
Oversold and 5 down days but still in a longer term uptrend. I have a full plate so I'm not trading it but I would if I didn't. There's also some support right here as well (Apr/May consolidation and Dec '23 high).
I'm not as bullish here as I was with NVDA, but as long as they can sell phones for as much as they do, to as many people as they do, count me in. It doesn't hurt that my system is 32-1 on AAPL (not including today's signal) in the last 12 months (the 1 "loss" is the signal from 9/4). Those who follow me know those aren't atypical results, so I'm confident the...
I'll post details later but system is 23-1* in the last 12 months on this ticker. Not huge gains, but if the Fed cut is bigger than expected, its 8% dividend is a safe haven. Nice uptrend too.
For those new to following me and how I trade, I encourage you to read my idea on CAN for my basic principles. This is a log of my trades or ideas, in this particular case an actual trade, and is not intended to be used as trading advice. The way I trade uses significant capital reserves and is prepared for long drawdowns which can and inevitably do occur. So...
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...
Look I know it's an obvious trade, and a potentially early one...but c'mon. Long term, can I find anyone who will bet against tech? Any number of individual QQQ components are oversold today, so you could take your pick of them, too. GOOG, MSFT, NVDA, AMZN, etc. and maybe do better trading them. But diversificiation mitigates individual stock risk factors. I...
Full disclosure, I'm not taking this trade. Don't get me wrong, I LOVE it. NVDA has a great reecent track record when short-term oversold as the arrows indicate. I just have my max # of positions and I won't overextend even for NVDA. I don't imagine this pullback is done. But there has been no such thing as as a bad time to buy NVDA in the last several years,...
Just went long bc I missed it at the close yesterday. Oversold and will hold each lot until overbought and profitable, adding lots as long as it's oversold. Record over the last 12 months for indicator and exit strategy on BROS: 40-0 Avg gain = 5.8% Median gain = 4.2% Range = +0.1% to 18.2% Cumulative 12M gain on equal dollar amount trades: 232% A weird one...
I always like trades where 2 different systems both say "buy". My usual system is the reason I'm taking the trade, and per usual, I'll keep buying lots as long as it is oversold and sell when they become overbought and profitable.That said, there are 2 other reasons I like this trade. First, PXS is in a strong uptrend that began last September. "The trend is your...
This idea is a little bit risky given the price action lately and that they just missed earnings, so I would actively suggest just spectating on this one and letting me take the risk. It has produced 8 oversold signals in a row and counting - luckily I wasn't trading the stock yet or that initial lot would be down almost 30% (this is why I don't like trading...
Just a couple of weeks ago I called for a 20% fall in Ford that happened a LOT faster than I expected. Now, I think there is a compelling case to be made to go long. Technically, it is right at support (circled in white) as I write this. That is a low that hasn't been eclipsed since the COVID crash. It's also VERY oversold. In fact, the last 4 times it's been...