I Figure I can make 5% at least - long at 41.08

What I'm doing is a simple mean reversion trade. FIGR has eclipsed the lower boundary of its SD channel for 3 consecutive days now. It could go lower, but unless there's a total market meltdown, the odds are in my favor that this doesn't continue much longer. My 5% target is based on an indicator that is private, but looks at the median daily open to high move over FIGR's history. Double that is my goal and I will set a sell order for that price. It could well go higher, but in "falling knife" scenarios like this one it's best to take the money and run quickly.

I haven't used this technique much on FIGR, but the 3 times I have, it has paid in under 2 full trading days and over 7% all 3 times. Here's hoping this is #4. Exit target is 43.14.

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.

거래청산: 타겟 닿음

Well, that was quick. It took me exactly 27 minutes to bank that 5%. I wish they were all that way. Sell order triggered at the 43.14 target.

노트

Trade results for my records

Wins 1
Losses 0

Avg gain per lot = 5.0%
Avg holding period per lot = 1 trading day (27 minutes, to be exact)
Avg gain per lot per day held = 5.0%
Annualized RoR = 5% x 252 = +1260%

redwingcoach

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redwingcoach