HCLTECH (India) - Long at 1820.55Another one for anyone in India who follows me (or wants to). It's oversold in a nice uptrend according to my algo and every lot purchased based on its entry signal and my first profitable close exit strategy this year would have been a profitable trade. I obviously didn't actually trade them because I'm not in India, but for trading edutainment purposes, let's pretend I am trading it here.
16 of 28 lots purchased on these signals closed profitably in just one trading day, so I'm looking for a quick flip here. The trading strategy I use then takes those quick gains and puts the money to work in another stock immediately. The goal is to recycle that capital as quickly as possible.
I'll add more lots if it's still oversold and any lot is sold at the end of the trading day in which it closes at a profit. I will be asleep then, due to the 11 hour time difference, but I'll update things in the morning.
Lot 1 - 1820.55
If anyone wants me to try my algo on a different foreign market, just make a comment here and I'll give it a shot. Happy/profitable trading!
