Long BB @2.50 after the open (short term momentum trade)
Updated
Same idea as my last post regarding NIO. Short term momentum change trade. No adding to the position. Close when the day's closing price is profitable or the momentum swings negative.
Last 12 months with this on BB:
9-1
Avg. gain = +2.2%
Median = 2.1%
Avg trade length = 1.5 days (8 were 1 day trades)
The one losing trade was -5.8% and was a 3 day trade (false signal momentum change failure)
Last 12 months with this on BB:
9-1
Avg. gain = +2.2%
Median = 2.1%
Avg trade length = 1.5 days (8 were 1 day trades)
The one losing trade was -5.8% and was a 3 day trade (false signal momentum change failure)
Note
Just closed position at 2.5131 - a +0.54% gain. Another fade into the close took 1% from me. Oh well, it's a win (imagine very small font on that word).Note
Trade results (for my records)
Note: not an oversold trade
Wins 1 Losses 0
+0.5% in 4 days
Avg return = 0.5%
Avg hold = 4 days
Avg annualized return = +31.5%
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.