LONG PLTR at 68.00 after hours - I love volatility
已更新
I haven't traded 
PLTR that much this year but when I have, it's been a very good stock to trade. It's obviously been on an epic run and a buy and holder would have made tons on this one this year. That's not my game, though.
Quick flips are what I do and this year, my algo's signals were 20-0 with an average gain of 2.7% and an average holding period of 3.1 trading days. That's WELL above the average return using the system I use. Only 1 of the trades would have taken longer than 6 trading days to close profitably, and 70% of the trades lasted only 1 or 2 trading days.
I thinkPLTR will be a big beneficiary of AI, so I don't think this recent 17ish% pullback is apocalyptic. On the contrary, I think it's long overdue. The fact that it has done so just since Christmas and the obvious rise in volatility since the last earnings report is actually a welcome sight given the way I trade. I like big, fast moves. And even if some are down, the statistics of how I trade are such that it just makes the next buy cheaper. The fact that it is still in the upper half of its 1 year regression channel makes me even more comfortable with this setup.
While it doesn't have an extensive trading record with my system (not ideal), it has been a perfect 144-0 since it went public and I expect that to continue here. Realistically, though, if I don't catch this just right timing-wise it could be a loser before it becomes a winner for me. I'm happy to take that risk given that the daily returns on PLTR using this system are about 4x that of SPY over the long haul.
I didn't get in until just before the close of the after hours session, but as a result I got in at a discount relative to today's closing price. Lot 1 was purchased at 68.00.
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.
PLTR that much this year but when I have, it's been a very good stock to trade. It's obviously been on an epic run and a buy and holder would have made tons on this one this year. That's not my game, though. Quick flips are what I do and this year, my algo's signals were 20-0 with an average gain of 2.7% and an average holding period of 3.1 trading days. That's WELL above the average return using the system I use. Only 1 of the trades would have taken longer than 6 trading days to close profitably, and 70% of the trades lasted only 1 or 2 trading days.
I think
PLTR will be a big beneficiary of AI, so I don't think this recent 17ish% pullback is apocalyptic. On the contrary, I think it's long overdue. The fact that it has done so just since Christmas and the obvious rise in volatility since the last earnings report is actually a welcome sight given the way I trade. I like big, fast moves. And even if some are down, the statistics of how I trade are such that it just makes the next buy cheaper. The fact that it is still in the upper half of its 1 year regression channel makes me even more comfortable with this setup.While it doesn't have an extensive trading record with my system (not ideal), it has been a perfect 144-0 since it went public and I expect that to continue here. Realistically, though, if I don't catch this just right timing-wise it could be a loser before it becomes a winner for me. I'm happy to take that risk given that the daily returns on PLTR using this system are about 4x that of SPY over the long haul.
I didn't get in until just before the close of the after hours session, but as a result I got in at a discount relative to today's closing price. Lot 1 was purchased at 68.00.
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.
註釋
Added another lot just before the close at 67.23. After the way things started for PLTR this morning, I'm thrilled. With an hour to go in the trading day I was actually up on this trade, but given how things are going recently for PLTR, this is almost as good as a win - for today.
Lots currently held:
68.00
67.23
註釋
Not as good of a day today🤣. Added again at 64.98 at the close today.
Lots currently held:
68.00
67.23
64.98
註釋
Early in the day I thought I'd get to sell them all today, but no such luck. Sad market did sad things later in the day. Sold lot 3 for 65.91 at the close - a +1.4% gain in 1 trading day.
Lots still held:
Lot 1: 68.00
Lot 2: 67.23
交易結束：目標達成
Excuse me while I laugh at those who laughed at this trade. Even in hard selloffs, up days happen. I've seen it too many times to count. Sold both remaining lots for 68.22 before the close today.
Lot 1: 68.00 ---> 68.22 = +0.32% in 4 trading days
Lot 2: 67.23 ---> 68.22 = +1.5% in 3 trading days
註釋
Trade summary for my records
Wins 3
Losses 0
Avg gain per lot = +1.07%
Avg hold period per lot = 2.67 trading days
Avg gain/lot/day held = +0.40%
Annualized return = +0.4% x 252 = +101%
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