Long CLSK @16.50

Same story as JMIA. Oversold and good track record - will post more track record details later.Holding until overbought and profitable.

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OK so track record data over the last 12M for CLSK

39-0 (every trade was profitable)

Average return per trade = 9.5%
Median return per trade = 7.8%
Range of trade returns = 0.3% to 27.8%

To be fair, over the last 12 months CLSK is up 359% so that helps. But with same dollars traded in each trade, the total gain over 12 months would have been 370% in the 39 trades and that capital is available for other ideas when not in CLSK.

There are times where as many as 9 lots of CLSK were being held at once waiting to become profitable. That's actually fairly typical during extended downturns in any stock, and that makes it critical to use small position sizes and be able to psychologically withstand significant drawdowns.

I'd NEVER go all in on any one of these signals despite their track record and I'd NEVER buy on margin, it's too risky. Stocks can stay overbought for a LONG time.
My individual position sizes are a ridiculously small % of my trading capital (between .05 and .1%) so that even if I'm accumulating 10 lots, it's still only 1% of my capital at risk.

I haven't been doing actual trades all year in CLSK and while the mini crash back in September was rough for most stocks, it's been very good market conditions for stocks in the last 12 months. Had this been a bear market 1Y period, returns would've been much lower, but this actually tends to outperform B/H much better in down and sideways markets than it does upward ones, especially when a stock like CLSK more than triples on its own.

In my defense, the high rate environment hasn't done small caps any favors and I use this mostly on small caps. It works on others too, but the volatility of smaller stocks is advantageous here. In a falling rates environment, the results may well have been even better with a stronger upside bias to that volatility.

Nota

Added to my position at the close @16.10

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Tried to post this earlier but it wasn't letting me post.

Added to my position at $16.05 just after the open this morning.

Nota

Added again at 15.93 just before the close today.

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Sold all 4 lots at the close today and closed my position at 17.905.
Now 43-0 on the year.
1 week %profit for each of the 4 lots is as follows: +8.5%, 11.2%, 11.6%, 12.4%. Selloff before the close cost around 3% on each but oh well, that happens sometimes. Rules are rules.

Nota

Trade results summary (for my records)

Wins 4 Losses 0

+8.5% in 5 days
+11.2% in 3 days
+11.6% in 2 days
+12.4% in 1 day

Average return = +10.9%
Average hold period = 2.75 days
Per lot per day held annualized return = +999%

redwingcoach

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