Long RXT @2.396-oversoldThis one is one I'm excited about after crunching the numbers. I haven't traded it before but it has produced some eye watering paper numbers in backtesting.
Usual setup - oversold and keep adding until it isn't. Sell each lot as it becomes both overbought and profitable.
Here are the numbers from the last year:
28-3* (the 3 are from the last 3 trading days that are still open)
AVERAGE return per lot: +12.7%
MEDIAN return per lot: +11.1%
Total 12M return: 3.94x lot size
Max lots held at any point: 5
Avg. hold period per lot: 9.4 trading days
Median hold (half the time it's less than this): 6 trading days
This is the one that is mind boggling...% return/lot/day held: +1.34%
That number is a HUGE number. Most GOOD ones are between .5% and .9%
That's every dollar traded making an average of 1.3% per day. That's the average from all 31 trades, including the 3 that are underwater at this point.
BTW, The blue line on the chart represents an average gain from the initial trade level. I'll keep posting updates as I add to the position or sell.
As always, if you trade on my ideas, that's on you. This information is for educational and entertainment purposes only.
