Long today after the close at 210.40.
Historically, ADI has been a top 20 performer for my trading system, so a 1 week slump doesn't faze (NOT phase) me a bit. Long term, it has a dazzling track record for what I do, so short term struggles just look like an opportunity for me.
Historically, this particular setup is 359-1 (the one would be a trade from late February that would be down about 12% right now. Including that loser, the median trade in ADI has produced a return of 1.9% and taken 2 trading days. Some of these trades CAN take a very long time. Included in that data are 2 trades that would have taken over 15 YEARS to become profitable after the dot.com crash. But those are EXTREME anomalies. 90% of the trades closed in 3 weeks or less, and 77% closed in one week or less. That covers every trade going all the way back to 1970.
I don't anticipate the signal occurring multiple times before the trade closes, but it does happen occasionally. If it does, I will add to the position. I will generally close the trade at the first profitable close, as long as the profit is > 0.10%.
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.
Historically, ADI has been a top 20 performer for my trading system, so a 1 week slump doesn't faze (NOT phase) me a bit. Long term, it has a dazzling track record for what I do, so short term struggles just look like an opportunity for me.
Historically, this particular setup is 359-1 (the one would be a trade from late February that would be down about 12% right now. Including that loser, the median trade in ADI has produced a return of 1.9% and taken 2 trading days. Some of these trades CAN take a very long time. Included in that data are 2 trades that would have taken over 15 YEARS to become profitable after the dot.com crash. But those are EXTREME anomalies. 90% of the trades closed in 3 weeks or less, and 77% closed in one week or less. That covers every trade going all the way back to 1970.
I don't anticipate the signal occurring multiple times before the trade closes, but it does happen occasionally. If it does, I will add to the position. I will generally close the trade at the first profitable close, as long as the profit is > 0.10%.
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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.