Long STGW at 7.02 (oversold) - sideways + up is beautiful

24 wrz

Went long STGW at 7.02 at the open this morning. Nice, pretty zigzag sideways trend has produced 55 buy signals since the beginning of 2023 and all have been profitable. 44 of 55 (81.8%) have been profitable in 10 days or less, most in 3 days or less.

The short term trend over the last 10 months is up, giving a little more love to this signal. I'll add if it stays oversold, but I won't wait until overbought to sell, just until profitable. Will post more details on the previous signals later.

24 wrz

Uwaga

So here's the data that compelled me to trade this name nobody knows.
Going back 2 full years -
Oversold signals = 64
Closed wins = 64
Losses = 0
Win rate = 100%

Average gain per lot = +3.15%
Median gain per lot = +2.37%

Average hold period per lot = 8.7 days
81% of trades closed in 5 days or less
75% in 3 days or less
50% in 1 trading day
Most common trade length = 1 day

Average gain per lot per day held = +.362%
Annualized return (.362% x 252 trading days) = +91.3%

Now you know why I took the trade and it looks like it's going to be another 1 day trade.

24 wrz

Transakcja zamknięta: osiągnięto wyznaczony cel

Closed the position at the end of the day at 7.1521. That's a 1.89% gain in 1 trading day. Based on the gain per lot per day average it's a good trade, but it's really just an average one. Still, it's a 476% annualized gain and the capital cannot be re-used on another idea almost immediately.

24 wrz

Uwaga

Trade summary (for my records)
Wins: 1 Losses: 0

+1.89% 1 day
+1.89% average and +1.89% per lot per day
+476% annualized