Long BROS @39.47 (oversold)
Updated
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 to trade. 12 of the wins gained less than 1% and 11 were over 10%. Last 7 trades were all +10% or more. This one can have very long losing streaks, though. Held as many as 17 lots at once before closing bc of a long downtrend. It's a great reminder to use position sizes that keep you from running out of capital before the stock runs out of downward momentum.
This one gives trading opportunities really often, too. 40 in 12 months is a LOT, though that's partly bc of two really long losing streaks. Will update any adds or closing of positions.
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 to trade. 12 of the wins gained less than 1% and 11 were over 10%. Last 7 trades were all +10% or more. This one can have very long losing streaks, though. Held as many as 17 lots at once before closing bc of a long downtrend. It's a great reminder to use position sizes that keep you from running out of capital before the stock runs out of downward momentum.
This one gives trading opportunities really often, too. 40 in 12 months is a LOT, though that's partly bc of two really long losing streaks. Will update any adds or closing of positions.
Comment
Forgot to update this yesterday. Was oversold again at the close so I added a lot at 38.66Comment
Added 1 lot at the close @36.96Comment
Added 1 lot at the close (oversold) @ 36.13Comment
Added another lot at the close at 30.21 because it's back in oversold territory.Comment
Still oversold. Added again at 29.49 at the close.Comment
Added another lot at 29.10 at the close - still oversold.Comment
Sold the 3 most recent lots at the close, since BROS is now overbought short-term.
Closing price was 32.64 for gains of 8.0%, 10.7% and 12.2%, respectively.
Trade active
Added another lot at 30.3154 at the close - oversold again.Trade active
Hit short term overbought today so I closed the most recent Aug 29 lot at 32.35 before the close. 6.7% gain in 6 trading days. Disclaimer
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