Long BROS @39.47 (oversold)Just went long bc I missed it at the close yesterday. Oversold and will hold each lot until overbought and profitable, adding lots as long as it's oversold.
Record over the last 12 months for indicator and exit strategy on BROS:
40-0
Avg gain = 5.8%
Median gain = 4.2%
Range = +0.1% to 18.2%
Cumulative 12M gain on equal dollar amount trades: 232%
A weird one to trade. 12 of the wins gained less than 1% and 11 were over 10%. Last 7 trades were all +10% or more. This one can have very long losing streaks, though. Held as many as 17 lots at once before closing bc of a long downtrend. It's a great reminder to use position sizes that keep you from running out of capital before the stock runs out of downward momentum.
This one gives trading opportunities really often, too. 40 in 12 months is a LOT, though that's partly bc of two really long losing streaks. Will update any adds or closing of positions.
