TTAN is a stock that just went public in December, so take the results below with a grain of salt - these are not likely typical (magnitude-wise). That said, I'm using the same entry rule I've used for many other trades lately with good results.
While this is the first time I've actually traded it, the trades I'd have taken on this ticker are shown by the yellow arrows. They would all have been profitable, ranging in magnitude from +0.34% to +15.39%. The average gain was 4.91% and the average length was 10 trading days.
The pullback recently is still above support from the previous December highs, which is a positive.
I will periodically add to the position (potentially, anyway), based on re-triggering of the entry signal. I will set an automatic sell order at the level of the upper band of the 20d ATR. As the trade progresses, if the automatic sell isn't triggered, exit will be based on a sell signal from my algorithm.
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.
While this is the first time I've actually traded it, the trades I'd have taken on this ticker are shown by the yellow arrows. They would all have been profitable, ranging in magnitude from +0.34% to +15.39%. The average gain was 4.91% and the average length was 10 trading days.
The pullback recently is still above support from the previous December highs, which is a positive.
I will periodically add to the position (potentially, anyway), based on re-triggering of the entry signal. I will set an automatic sell order at the level of the upper band of the 20d ATR. As the trade progresses, if the automatic sell isn't triggered, exit will be based on a sell signal from my algorithm.
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.
Note
Important point of clarification: the 20d ATR band exit filter only executes if the trade is profitable at that level. So a breach of the upper band that would result in a loss on the trade is ignored. Sorry for not clarifying that originally. Also, the trades shown by the arrows did not use that filter. If anyone would like to know what the results would have been using that filter, just let me know and I'll be happy to calculate that and share it.Trade closed manually
Closed the position at the close today for 117.76 - a 1.86% gain in 3 trading days. Note
Trade results for my recordsWins 1
Losses 0
Avg gain per lot = +1.86%
Avg holding period per lot = 3 trading days
Avg gain per lot per day = +0.62%
Annualized RoR = 0.62% x 252 = +156%
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.
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.