Long GERN @4.43
Updated
Oversold in a strong recent uptrend. Will hold each lot until it is both overbought AND profitable. No stops for me. Had a dizzying 40% drawdown back in September '23 and held 14 lots at the bottom of that.
In the end, though, all 14 (and the next 13) turned a profit. The indicator and exit strategy combo is 27-0 (with two recently opened positions) in the last 12M. Average gain per trade is 12.9% and median trade was +10.0%. B/H for GERN was +42% in the last 12M while the equal dollar trades produced a cumulative +347% over the same time.
I will try to update added positions or if I close positions.
In the end, though, all 14 (and the next 13) turned a profit. The indicator and exit strategy combo is 27-0 (with two recently opened positions) in the last 12M. Average gain per trade is 12.9% and median trade was +10.0%. B/H for GERN was +42% in the last 12M while the equal dollar trades produced a cumulative +347% over the same time.
I will try to update added positions or if I close positions.
Note
Added to my position at 4.2369 just before the close today.Note
Sold both lots of GERN at the close today at 4.59 for gains of 3.3% and 8.1%, respectively.Indicator and exit strategy are now 29-0 in the last 12 months.
Note
Trade results for my records
Wins 2 Losses 0
+3.3% in 7 days
+8.1% in 6 days
Average return = +5.7%
Average days held = 6.5
Per lot per day annualized return = +221%
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