redwingcoach

redwingcoach

Sorry this is a late add but it's been a busy afternoon. I know the earnings report was very mediocre, but 13 consecutive down days seems excessive and borderline hysterical to me. Basically the same earnings and revs last quarter shot it from 9 to 13.5. Maybe split the difference and 11.25ish seems more reasonable to me given that they are still expanding into...

redwingcoach

Another 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...

redwingcoach Updated 

You can check my previous NVDA idea to see just exactly how smitten I am with it. Quick summary of that: we are in the early stages of an AI revolution, and NVDA has no serious competitors and they can't make their chips fast enough. I rest my case. Now those who follow me know I HATE trading stocks near earnings. WAY too much volatility. But NVDA is a stock...

redwingcoach Updated 

I'll let my track record on my trades since July I've posted as ideas here replace any fancy charts. 89% win rate since July - and that's slightly under performing compared to normal. Trust me, it's short term oversold based on my algo. I'll add any time it's oversold and there's two ways to play the exit, but in the interests of consistency, I'll keep using...

redwingcoach Updated 

AVGO is holding just above a decent support around 167.5 as part of an ascending trangle-ish pattern (if you squint really hard). Longer term, the trend is solidly positive. In the end, though, for me, it's about it being short term oversold. In the last 12 months, when my algo signals oversold, here's what happened: 25 wins - 2 "losses" (the last 2 days) Avg...

redwingcoach Updated 

Went long at the close on NYSE:VFC at $20.00 exactly. It's oversold. If you need more information, see my other ideas - it's pretty much the same premise for all of them. I'll add a lot whenever it's oversold and sell any lot as soon as it becomes profitable at the close of a trading day.

redwingcoach Updated 

Rolling the proceeds of my 1 day CBOE trade into JNPR hoping for the same result. The system is 27-0 on JNPR since the beginning of 2024, but it has had a few long trades in that time. I will be using my FPC exit (see my recent ideas for details if you aren't familiar). I will add lots at the close each day it stays oversold until I'm out of the trade...

redwingcoach Updated 

Just for fun and in case anyone who follows me is from India, I thought I'd take a crack at a Nifty stock. NSE:APARINDS is oversold at the bottom of an upward channel going back to the beginning of the year. Since then, my algo entry along with my FPC exit strategy would be 17-0. Given its uptrend, I'm not that impressed, but I try not to throw out dogs, in...

redwingcoach Updated 

CBOE is short term oversold. That is enough reason for me to buy it. But there's more. This might be the absolute perfect stock to use my "first profitable close" exit strategy on. Both exit strategies work well. My original one produced a 42-3* win rate over the last 2 years (backtesting) with all 3 “losers” being the last 3 trades that haven’t become...

redwingcoach Updated 

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...

redwingcoach Updated 

This one is surprisingly profitable. Usually large caps aren't that great for these kinds of trades, but DELL is. On top of that, it's in a strong uptrend (up almost 200% in the last 12M), it is past earnings, and has a dividend coming up soon in case I"m stuck holding, which doesn't happen often with DELL. Additionally, it's already been oversold 2 days now...

redwingcoach Updated 

Today, a firm sent out a notice that they are short IREN so I'm going long. Their track record suggests going long when they say go short is a potentially very profitable short term strategy. They are often correct long-term, but sometimes a short wouldn't survive a margin call and short-term a contrarian long play can often yield 30-500% Some of their recent...

redwingcoach Updated 

Buying as long as it stays oversold and sell each lot as it becomes overbought and profitable. I'll post details later but system is 23-1* in the last 12 months on this ticker. Not huge average gains, but if the Fed cut is bigger than expected, its 8% dividend is a safe haven. Nice uptrend too. Not investment advice - just edutainment.

redwingcoach Updated 

I always like trades where 2 different systems both say "buy". My usual system is the reason I'm taking the trade, and per usual, I'll keep buying lots as long as it is oversold and sell when they become overbought and profitable.That said, there are 2 other reasons I like this trade. First, PXS is in a strong uptrend that began last September. "The trend is your...

redwingcoach Updated 

Lots of the Nasdaq is oversold today and CRM looks as good as anything to buy today. Will add more lots as long as it's oversold and sell as soon as each lot becomes profitable and is overbought.

redwingcoach Updated 

It worked well last time (+11.9% in 7 trading days) and even better the time after that when I FORGOT to trade it - see my last idea for TMF for how that went. So I went long at 58.61 this morning. I'm not missing this train again. I don't think rates are going up any time soon and neither does anyone else. I think this is a buy the rumor sell the news...

redwingcoach Updated 

It's oversold (according to my algo so please don't waste your time with telling me it's nowhere near oversold). It's in what I'd call a consolidation phase after more than doubling in the last 22 months. Unless there is a total macro meltdown, I don't see it having any good reason to (at worst) fall below the August 395 level and to do so would require to to...

redwingcoach Updated 

For those new to following me and how I trade, I encourage you to read my idea on CAN for my basic principles. This is a log of my trades or ideas, in this particular case an actual trade, and is not intended to be used as trading advice. The way I trade uses significant capital reserves and is prepared for long drawdowns which can and inevitably do occur. So...