MEG - Dec 24 100SMA StrongWeak Bounce

Dec 19, 2024

Bet size is 1/2 kelly f*portfolio = (11690/2)*0.5 (I already have PACS running so I accounted for 2 stocks)

MEG
- Sector: Environmental services & consulting
- Past two quarters, revenue and EPS has stalled
- ADR 9.56%
- Short Interest: 8.07%
- Avg Vol (30D): 787.48K
- Market cap: 573M
- Does it respect the H1 100SMA (Min 3Months): Yes
- Is it a Hype Thematic (AI, Solar): No
- Nothing from insider filings

• 100SMA StrongWeak Bounce 🏀 (0.5R) v1.0
• Trading risk at 0.5R as we are testing this strategy
  
• This trade model is based on us riding the 100SMA trend waves of the strongest and weakest companies. It only executes well when greater force (RUT & SPX) is trending. Entries are at greater force key levels when it is consolidating. When greater force is taking off it is too late.
  
• Entry
  
• Within Stdev 100 zone
  
• SL = Candle open + ATR14 * 2
  
• Trailing stop (Previous Day Low or high)
  
• Price launch off (D1)
  
• D2 Closes
  
• D3 Move SL to D2 Low
  

Dec 20, 2024

Trade closed manually

Exit
Closed trade fast because greater force price action had started to reverse after monitoring the first two H1 candles