Working on a EV only portfolio strategy where you just trade Tesla for NIO stock back and forth. I backtested it with $1000 to start on May 19th 2019 (think fractional shares at first). Buy into Tesla to start (based on the chart) with 100% of the portfolio. There are some trades we could not do because we didn't have any more money to put into the stock.
We came up with a running total so far $3014 or $2014 in profit. Let me know your thoughts we charted every trade we did so far. we never got to 100% total
We came up with a running total so far $3014 or $2014 in profit. Let me know your thoughts we charted every trade we did so far. we never got to 100% total
Comment:
Profit is wrong $36642 is total profit
Trade active:
We are starting a new buy on this trade, putting in $1000 to restest the model. This will take several months to complete (18 to be closer). So wish us luck and trade with us. When the buy appears we will buy TSLA
Comment:
New $1000 buy in to TSLA is now at $1165. We when fully in on November 17th.
Comment:
still in the trade, not taking NIO yet. We are up a total 80% profit right now. Waiting for a reach of the red line.
Comment:
Finally reached into the zone to start buying NIO vs TSLA only small positions but it is now a buy nio sell tesla start. Accelorating past the 29 mark.
Trade active:
Update: (it's been a while) This account started at $750 and has risen to $1370 in a little less than 1 year. Not bad but considering their is no dividend for holding (there wouldn't be much anyway) we will take almost a 100% profit on it.
Sale (or atleast half a sale) soon
Sale (or atleast half a sale) soon
Comment:
Update on this charting underway! This is a huge chart to update, we almost forgot about the forum on this.