redwingcoach

redwingcoach Updated 

Algo vs. head and shoulders smackdown -- who's gonna win? (said in my most bobastic sounding voice) To be honest, both COULD be right. I can win short term and the breakdown could be real. Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already...

redwingcoach Updated 

Uptrend is still intact and my algo says "buy" so that's what I'm gonna do. It hasn't let me down yet with IREN. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my...

redwingcoach Updated 

The world is not ending (yet). NASDAQ:NVDA is down a little over 12% since the beginning of November and everyone acts like it didn't have drops of 20+% in August/Sept and 25ish% in July. Normal state of affairs for NASDAQ:NVDA , so I'm a buyer here. Beware, though. While my algo is historically undefeated on NVDA, it has also gotten me into FAST, APD, CR...

redwingcoach Updated 

I went long NASDAQ:CLSK again - at 12.3175 at the close today. Since this summer when I started posting ideas, I've made 5 trades in NASDAQ:CLSK and made an average of almost 13% per trade and those 5 trades averaged under 3 days in length (all verified in ideas I've posted here). The miners are such a gold mine when it comes to how I trade. One of the...

redwingcoach Updated 

Its trading history goes back to the late 1980s (it was Symantec back then), and that history has been a stellar one as far as my trading system goes. Over 1000 trades with a low max drawdown, an average turnaround time of 11 trading days and an average gain of about 2.5% per trade puts it just outside my top 30 large cap names regarding its composite...

redwingcoach Updated 

I don't care what your trading strategy is. In the end, if you're going to be successful at trading, it's about putting the odds in your favor. In my case, I like to put the odds WAYYYYYY in my favor. NASDAQ:FAST is one of my top stocks. Out of over 1,000 trades going back to the month before Black Monday in 1987, it has only produced 3 "losing" trades, and...

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 

APD (not to be confused with ADP) is in the midst of a pullback in a strong uptrend. The white lines mark 6 month highs and lows, and the 6 month Trend Strength Indicator is at .88 (0-1 scale) and has been in that vicinity since August. It's also a top 20 (top 3%) big cap composite score stock for me, reflecting a robust backtest history (almost 1900 trades...

redwingcoach Updated 

I am on record more than once here saying that I don’t like trading stocks without long trading histories. I stand by that “rule” but on this occasion, I’m going to break it. That lovely uptrend is only part of the reason why. NYSE:CR has only been publicly traded since the spring of 2023. It has produced some of the best results in the entire spectrum of...

redwingcoach Updated 

C'mon, look at that chart. It's the chart equivalent of a cute puppy. How could you not love it? It has a little something for everyone. The chartists will love how the close today sits right at the confluence of both recent support and the trend line. It's not volatile, it's beautiful. And for me, it's only given a buy signal 12 times in the last year...

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 

Shipping stocks globally have been getting roughed up a lot lately and XETR:HLAG is holding up better than many right now. While it's been in a general uptrend over the last 12 months, it’s the trading stats on it that sucked me in today. This one would have generated 27 buy signals over those 12 months, and all 27 would have closed profitably. A full 67% of...

redwingcoach Updated 

This one has been a little temperamental lately, and can take some time for the trade to work out when it is, but ultimately still has a perfect record (79-0) of coming through after a buy signal since it went public near the beginning of 2022. It has also been in an almost 2 year long uptrend and trading strong stocks improves my odds dramatically. However, I'm...

redwingcoach Updated 

Rationale: 1) My algo's buy signals are 135-0 on it since 2018 2) The average gain is 2.45% in 9 days, with the majority of trades closing in 1 trading day. 3) Its average daily return for me is .27% - almost 7x the average daily return of the S&P 4) NICE uptrend 5) Good support nearby I rest my case. Argue with me if you must. Per my usual strategy,...

redwingcoach Updated 

There's nothing I really LOVE on the NSE for today, but several names that are oversold and that I think I'd maybe trade if I could. Of those, $BHARTIHEX is maybe a tiny bit better bet than the others. I definitely wouldn't go all in on it though. Well, I never do on a trade, that's not how I roll. I'm tactical DCA or die. Especially in this case. While it...

redwingcoach Updated 

For today's international stock hypothetical trade, I'm off to the Asia-Pacific region to visit the Nikkei and attempt to outdo its 20 year average annual return in this trade alone. Since that is -1.1% per year, I think I can clear that bar. Plus, with the US markets closed tomorrow, I need something to entertain me when I wake up. As you can see, the chart on...

redwingcoach Updated 

It would seem, from a short backtest, that my algo works across the pond as well. In the last 12 months, it generated 26 buy signals on LSE:ALFA , traded in London. Using my FPC exit, all 26 trades would have been profitable. And LSE:ALFA is very British polite, too. The average holding period was only 2.96 days but 16 of the 26 trades closed in 1 day, just...

redwingcoach Updated 

There's not really much more to say that I haven't said the last 2 times I cleaned up on $NVDA. See my previous NVDA ideas for details. It's a good stock, it's still in an uptrend, it's on sale, and my algo hasn't been wrong yet on it, so why stop now? I'm going long because Black Friday came a little early this year. _______________________________ Per my...