HCLTECH (India) - Long at 1820.55

hace 3 días

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 pretend I am trading it here.

16 of 28 lots purchased on these signals closed profitably in just one trading day, so I'm looking for a quick flip here. The trading strategy I use then takes those quick gains and puts the money to work in another stock immediately. The goal is to recycle that capital as quickly as possible.

I'll add more lots if it's still oversold and any lot is sold at the end of the trading day in which it closes at a profit. I will be asleep then, due to the 11 hour time difference, but I'll update things in the morning.

Lot 1 - 1820.55

If anyone wants me to try my algo on a different foreign market, just make a comment here and I'll give it a shot. Happy/profitable trading!

anteayer

Operación cerrada: objetivo alcanzado

If I was there in India and not asleep in the middle of the night here, I'd have closed this trade at the NSE close today for a 0.87% gain in 1 trading day. That might not seem like much to the "to the moon" crowd looking for huge trade wins to brag about, but apparently the average daily return for the NSE is around .06ish% per trading day (17%/yr), so this return is 12-13x that. The way I trade rolls the profits from this trade into another "oversold" stock and does this day after day, so I could have bought say, LT , with the capital from this trade and tried to get another relatively quick win there.

Now 0.87% is not a typical daily average return. My trades I've posted as ideas here on TradingView since June/July have averaged about 0.24% per trading day I've held them so far, which is still around a 60% annualized rate of return. That's 3-4x the average daily return of the NSE and almost 6x the long term average daily return of the US S&P 500 (and that's including current trades in incorrigible tickers like PXS messing things up for me right now).

Small, repetitive, high percentage wins add up over time, and do so with FAR less risk than big bets hoping for a moon shot do. And while moon shots are fun, so are frequent reliable gains that far outperform average market returns. I've had both and I have to say, I sleep much better at night with the repetitive, reliable wins.

Happy/profitable trading everyone!

anteayer

Nota

Trade summary for my records

Wins 1
Losses 0

Avg gain per lot: +0.87%
Avg holding period per lot: 1 trading day
Gain per lot per day held: +0.87%
Annualized return = .87% x 250 trading days = +217%

ayer

Nota

Do I get credit for suggesting rolling the money from this trade into LT that went up 3.44% in one day the next trading day after I suggested it? That's 4.31% combined in two days. That's almost 1/4 of an entire normal year's gain in the NSE. That's a +543% annualized return. Should I try again with the NSE stocks?