JMIA long @ 7.17

6月23日JMIA oversold. Holding until overbought and profitable.

6月23日

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OK so my first idea post ever was a huge fail. Sorry for that. I was going to edit it and got a call and didn't realize I couldn't go back and fix or delete it after 15 min. So here's the whole story:

The indicator and exit strategy I use is 40-0 (W/L) over the last 12M on JMIA. Past results are no guarantee...blah, blah, blah. I know.

Avg. gain over that time is 11.5% (range: 0.6% to 23.3%).

I don't use stop/losses (bad idea, I know).Trades can take a while to play out - I bought on Aug 7, 2023 at the beginning of last September's market correction and didn't sell until Feb 19, 2024 (25 weeks) but made 11% in 6 months so I'll take it. With the last signal I was in and out in 3 days for a 20% gain, so you never know. I'll try to keep this updated.

6月24日

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Assuming it's still lower than 7.17 at the close, I'll add to my position at the close. Will update that when I do.

6月24日

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Added to the position before the close @ 7.0167

7月3日

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Just closed entire JMIA position before the close at 7.865. 9.7% and 12.1% gain on each of the two lots, respectively. Now 42-0 for the last 12M on JMIA.

一昨日

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Trade results summary (for record keeping)

Wins 2 Losses 0

+9.7% in 8 days
+12.1% in 7 days

Average return per lot = +10.9%
Average days held = 7.5
Per lot per day held annualized return = +366%