Fortinet, Inc.לונג
Quick flip - long FTNT
מעודכן
-FTNT is solidly in 12M, 6M and 3M uptrends.
-It bounced nicely today off of near term support and its regression channel bottom.
-It has been an excellent trade for me using my algo + FPC exit. Historically, (including backtesting) its W/L is 340-2* (the 2 are the last 2 days) though I didn't trade it yesterday. I'm already regretting not buying a double lot today to make up for that.
-Since April, no trade has taken more than 3 days to close profitably and that only happened once. 68% of them have closed profitably in one day (16 of 25 trades).
Over its history with this system, the average holding period with FTNT is 12 trading days and has an average gain of 2.12% (45% annualized and .17% per day held). That's 4x the average daily return of SPY. In this twitchy market, another selling point is that over its entire history, including major corrections, it required a max of 9 lots of capital committed using this system. Essentially that means relatively short drawdowns.
BTW, my initial lot entry price was 92.485
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 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.
-It bounced nicely today off of near term support and its regression channel bottom.
-It has been an excellent trade for me using my algo + FPC exit. Historically, (including backtesting) its W/L is 340-2* (the 2 are the last 2 days) though I didn't trade it yesterday. I'm already regretting not buying a double lot today to make up for that.
-Since April, no trade has taken more than 3 days to close profitably and that only happened once. 68% of them have closed profitably in one day (16 of 25 trades).
Over its history with this system, the average holding period with FTNT is 12 trading days and has an average gain of 2.12% (45% annualized and .17% per day held). That's 4x the average daily return of SPY. In this twitchy market, another selling point is that over its entire history, including major corrections, it required a max of 9 lots of capital committed using this system. Essentially that means relatively short drawdowns.
BTW, my initial lot entry price was 92.485
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 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.
עסקה סגורה: היעד הושג
Closed the position at 93.03. I can't be disappointed with the return today, especially since FTNT revealed a very serious security flaw in one of their products before the open today. Thanks for waiting until the day I get long the stock to do that FTNT... It's no fun watching a win get smaller and smaller all day long. But rules are rules - sell end of day, and wins are wins. In this case it was for a 0.59% gain in one day. I'll never say no to a win. הערה
Trade summary for my records
Wins 1
Losses 0
Avg gain per lot = 0.59%
Avg holding period = 1 day
Avg gain/lot/day held = +0.59%
Annualized return = +0.59% x 252 = +149%
כתב ויתור
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