Long RXT @2.396-oversold
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.
Note
Added 1 lot at the close @2.2991Note
Still oversold. +1 lot @ 2.275Note
Still oversold - added 1 lot @ 2.27 at the closeNote
Still oversold - added another lot @2.22Note
Oversold. Added another lot @ 1.885 at the close.Note
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.Transaction en cours
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 fermée manuellement
oversold, so I would have closed the last 3 lots today. gains of 5.6%, 10.0% and 19.9% for each.Note
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%
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.