UBER results on quick flips for this ticker--Long @ 82.53
If I ranked the performance of UBER with my algo vs. all the other large caps I trade, it would rank right near the top with regard to return per day held. I don't rank it, because I don't have enough historical data to include it in my rankings.
Its limited results are impressive, however. 196-3 (the 3 are open from the last 3 days) with an average gain of 2.83% and an average hold period of 10 trading days. That's around 7x the daily average return of the market overall.
Additionally, it is currently right at support from the most recent low in early May and the high in February. On a longer scale, it is in a long-term uptrend and only 10 trading days removed from its all-time high. That makes me even more convinced that this is just a normal correction in an uptrend. The pullback has been significant, though, down 9 out of the 10 trading days since that ATH. However, the 5 down days in a row is a solid short term contrarian indicator, historically speaking.
I won't add daily if it keeps falling, in the interests of maintaining portfolio balance and diversification, but I am open to tactically adding to the position. The plan is for a FPC exit, as long as the return is > 0.10% if that FPC comes on day 1 of the trade. Below that, I will hold until a satisfactory exit point is reached.
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.
Its limited results are impressive, however. 196-3 (the 3 are open from the last 3 days) with an average gain of 2.83% and an average hold period of 10 trading days. That's around 7x the daily average return of the market overall.
Additionally, it is currently right at support from the most recent low in early May and the high in February. On a longer scale, it is in a long-term uptrend and only 10 trading days removed from its all-time high. That makes me even more convinced that this is just a normal correction in an uptrend. The pullback has been significant, though, down 9 out of the 10 trading days since that ATH. However, the 5 down days in a row is a solid short term contrarian indicator, historically speaking.
I won't add daily if it keeps falling, in the interests of maintaining portfolio balance and diversification, but I am open to tactically adding to the position. The plan is for a FPC exit, as long as the return is > 0.10% if that FPC comes on day 1 of the trade. Below that, I will hold until a satisfactory exit point is reached.
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.
Dagangan ditutup: sasaran tercapai
I honestly think UBER has a little more runway to the updside over the next several days, but I'm not going to be greedy here. I closed today for a 1.11% gain in 1 trading day. Not the "UBER" result I had hoped for, but wins are wins.Nota
Trade results for my recordsWins: 1 Losses: 0
Avg gain per lot = +1.11%
Avg holding period = 1 day
Avg gain/lot/day held = +1.11%
Annualized RoR = 1.11% x 252 = +280%
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.