The last year or so has not been all that great to MPC. While the markets have chugged higher, MPC has been left behind. Its price appreciation and total return have been negative since the beginning of August of last year. But one of the reasons that I love trading the way I do is that you can make a lot of money without having to "pick stocks" that effectively. Had it run up 20 or 30%, I'd have probably made more money on it, but plenty was made even though it's slightly down over the last 12 months.
Since the beginning of August, 2024, my signals have had a 24-2* record (the 2 current losers are trades that were opened in the past 7 trading days). Those 2 losers, if history is any indication, will become winners sooner rather than later.
Overall, including the losers' returns so far, these trades have lasted an average of 5.7 trading days and returned an average of about 1% each in that span. That's a return of about .17%/day held = 4x the long term average daily return of SPY = 43% annualized. if you only factor in closed trades, the returns are about 6x SPY (+62% annualized). 17 of the 24 closed trades closed in 1 or 2 trading days and all 24 beat the long term avg. market daily return.
The market feels weak below the surface to me, so this will be a FPC trade (as were the others here). If there are more signals before the original lot is closed, I will add up to 2 more lots. In theory, I could hold out until both of the currently losing signals become profitable, but I'm not that patient. But that first one was at 170, so that would be a full 7% return. So I'm going long at 158.59 and planning on being out by the weekend.
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.
P.S. -- sorry for the multiple post and deletes here. My computer was acting up and I was impatient and clicking while it was "thinking" and screwing things up.
Since the beginning of August, 2024, my signals have had a 24-2* record (the 2 current losers are trades that were opened in the past 7 trading days). Those 2 losers, if history is any indication, will become winners sooner rather than later.
Overall, including the losers' returns so far, these trades have lasted an average of 5.7 trading days and returned an average of about 1% each in that span. That's a return of about .17%/day held = 4x the long term average daily return of SPY = 43% annualized. if you only factor in closed trades, the returns are about 6x SPY (+62% annualized). 17 of the 24 closed trades closed in 1 or 2 trading days and all 24 beat the long term avg. market daily return.
The market feels weak below the surface to me, so this will be a FPC trade (as were the others here). If there are more signals before the original lot is closed, I will add up to 2 more lots. In theory, I could hold out until both of the currently losing signals become profitable, but I'm not that patient. But that first one was at 170, so that would be a full 7% return. So I'm going long at 158.59 and planning on being out by the weekend.
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.
P.S. -- sorry for the multiple post and deletes here. My computer was acting up and I was impatient and clicking while it was "thinking" and screwing things up.
Trade closed: target reached
Just sold my MPC for 161.40 - a +1.77% gain in under 1 hour of market exposure. i know this violates my rules of selling at the close, but I couldn't pass this up. its return is almost 7x the return of SPY today, 41x the long term avg daily return of SPY and 10x the avg daily return of these trades. that's plenty for me to hang my hat on.Note
Trade results for my recordsWins 1 Losses 0
Avg gain per lot = +1.77%
Avg holding period = 1 trading day (less than one hour of 1 trading day, actually)
Avg gain per lot per day held = +1.77%
Annualized RoR = 1.77% x 252 = +446%
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.