Long MREO @3.865--oversold

7월 19일

Standard oversold trade - buy lots as long as it remains oversold and sell each lot as it becomes overbought AND profitable.

Low price stocks like this are ideal for this type of trade because they tend to move more on a % basis than higher priced stocks. I'll post mmore data later but the chart tells you it's gonna be pretty good.

Will update as I add or close lots. Have a nice weekend everyone!

7월 24일

노트

Closed my position in MREO this morning at 4.17 for a +7.9% return in a few minutes more than 2 trading days.

9월 17일

노트

Summary (for my accounting purposes)

1 wins 0 losses

individual trade returns +7.9%
Avg gain per lot = 7.9%
Avg holding period = 3 trading days
Per lot per day held annualized return = +663.6%