Highlighted Trades - 03/25/2024

Our Day Trade Bot made 13 trades today - 7 long and 6 short. Let’s check them out.

Our biggest winner was a long on ALL, which made us 0.31%. Overall, I think this is a really solid entry. The momentum going in is beautiful, with MACD to match. The Kijun-Sen had been flat prior to our entry, but the with strong momentum and the stock approaching a new high of day, a trader would have seen that the flatness would change pretty soon. The on caution I would give about this trade is re-entries, that is: I wouldn’t have taken any, since MACD went red and stayed red after our initial exit. Fortunately, our system recognized this problem as well and didn’t call any.

Our biggest loser of the day was an early long on CAH. Between our initial entry, and one re-exit, we lost 0.29% on here. Overall, I think I would have taken the first entry. It looks fairly strong going in, with no major red flags, but it looks the trade just didn’t work out. I’m uncertain of whether I would have taken the second entry. It also looks solid, but having just taken a loss under fairly similar entry conditions would have given me some pause. Unfortunately, it seems like we just got unlucky with this trade. It’s an unpleasant reality of trading - that even entries that look nearly ideal won’t always work out - but one we simply have to face.

Another trade I’d like to look at is this short on EXR. With no re-entries, it lost us 0.25%. From a technical perspective, this entry looks solid - like a trade that just didn’t work out. The only red flag here is that the chart is a bit choppy. At this level, it’s mostly down to user preference whether it sours the trade for you. This is something that we haven’t been able to effectively quantify in our algorithm, meaning it’s something that the end user is going to have to make the final decision on.

That’s all I have for you tonight - thank you for reading, and happy trading!