Vertiv Long at 126.94 - because it's Thanksgiving
تم تحديثه
Rationale:
1) My algo's buy signals are 135-0 on it since 2018
2) The average gain is 2.45% in 9 days, with the majority of trades closing in 1 trading day.
3) Its average daily return for me is .27% - almost 7x the average daily return of the S&P
4) NICE uptrend
5) Good support nearby
I rest my case. Argue with me if you must.
Per my usual strategy, once I'm in I'll add at the close on any day it is still oversold and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
Happy Thanksgiving to everyone! Hopefully, this will give me even more to be thankful for very soon!
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
1) My algo's buy signals are 135-0 on it since 2018
2) The average gain is 2.45% in 9 days, with the majority of trades closing in 1 trading day.
3) Its average daily return for me is .27% - almost 7x the average daily return of the S&P
4) NICE uptrend
5) Good support nearby
I rest my case. Argue with me if you must.
Per my usual strategy, once I'm in I'll add at the close on any day it is still oversold and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
Happy Thanksgiving to everyone! Hopefully, this will give me even more to be thankful for very soon!
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
أغلقت الصفقة: تم الوصول للهدف
I closed this position about 5 min before the close today for 127.80, for a +0.68% gain in one trading day. It tailed off badly as the day went on today (it was up 2% at one point when I checked on it), which is why I pulled the trigger a few minutes earlier than usual - and I'm glad I did. One day trades always look juicy compared to the normal average gain per day because those are brought down by the trades that sometimes take weeks to work out. I will never apologize for fat 1 day gains, though. They are just as much a part of the long term averages as the longer, lower performing ones.
The best part of 1 day trades isn't even the return. If someone would guarantee me that every trade I'd ever make again would only make me half of what this trade did but that it would also only take one day, I'd take that deal in a second. Short trades let my capital get back to work and except in rare occasions, extra days in these trades don't usually result in increasing the average daily return. It's usually the opposite, in fact. I love quick trades more than anything. So I"m out and moving on to the next trade.
ملاحظة
Trade summary for my records
Wins 1
Losses 0
Average gain per lot: +0.68%
Average days held per lot: 1
Average gain/lot/day = 0.68%
Annualized return = 0.68% x 252 = 171%
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