LONG NU @ 12.53 - patience is a virtue

Nov 29

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 always a bit more skeptical when I trade stocks with short trading histories, and 2 years is short for me, but in the end I just trust my numbers. And this one has pretty good ones.

Its average daily returns have been top quartile for me, returning an average of about .20% per day held. That's close to 4.5x the long term average daily return of the S&P and almost double the daily return of the of the market this year, which has been a VERY good one for the market.

Average hold has been about 3 weeks but that's skewed longer by a couple of long trades. The median trade length is 1 day, so having a 50/50 shot at this being a 1 day trade and the vast majority taking less than a week makes it worth the risk of tying up capital for longer.

Per my usual strategy, once I'm in I'll add at the close on any day it is still given a buy signal by my algorithm, 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.

Dec 1

Note

Editorial note: In paragraph 2 - "I'm always a bit more skeptical when I trade stocks with short trading histories, and 2 years is short for me..." They went public near the beginning of 2022, so that's a nearly 3 year trading history, not 2. I still had my mind on the two year uptrend mentioned in the previous paragraph when I was typing that. My apologies.

Dec 2

Trade active

Added a second lot at 12.00 at the close. Not an ideal start to the trade, but like I said, it's temperamental. It's back down to levels last seen when the stock was making 30% less profit per share. It has already pulled back almost 30% from its peak. I don't like today's price action, obviously, but I find it to be somewhat overdone, given its record EPS and revenue last quarter. Time will tell.

Prices of lots held:

Lot 1 - 12.53
Lot 2 - 12.00

Dec 3

Note

The tantrum continues, so I added again at the close at 11.67.

Prices of lots held:

Lot 1 - 12.53
Lot 2 - 12.00
Lot 3 - 11.67

Dec 4

Note

Sold Lot 3 at the close today for 12.01 for a 2.9% gain in 1 day. I didn't sell lot 2 because the price was fluctuating so much near the bell that I wasn't sure it would be profitable. I'll check after hours and I may sell lot 2 then, we'll see.

Prices of lots still held:

Lot 1 - 12.53
Lot 2 - 12.00

Dec 6

Note

Sold lot 2 for 12.04 just before the close for a +0.33% gain in 4 trading days.

Remaining lots:

Lot 1 - 12.53

Dec 19

Note

Sorry for the late update - I was traveling yesterday and just too tired to update yesterday. Added Lot 3 at 10.40 at the close yesterday,

Lots held

Lot 1 - 12.53
Lot 3 - 10.40

Dec 21

Note

I forgot to update this one, but no harm no foul, it closed at the same price as yesterday. Added 1 lot yesterday at 10.38.

Lots held

Lot 1 - 12.53
Lot 3 - 10.40
Lot 4 - 10.38

6 days ago

Note

Added a lot at 10.24 after hours today - missed the close.'

Lots held

Lot 1 - 12.53
Lot 3 - 10.40
Lot 4 - 10.38
Lot 5 - 10.24

5 days ago

Note

Sold lots 4 and 5 just before the close for 10.40 for gains of 0.2% in 4 trading days and 1.6% in 1 day, respectively.

Lots still held:

Lot 1 - 12.53
Lot 3 - 10.40