NIO is undervalued relative to American competitors. The stock is down by ~70% from ATH. Delisting concerns are still there but the odds are that NIO won’t be a $20 stock for long...

Results at https://breakingequity.com/etf/nio-breakout-following-qqq-and-tsla-run-up

Below are the result for shorting $AAPL on every daily bearish MACD cross since 2008. Exit position on daily bullish MACD cross.

PS: the one just happened on Aug 22, 2022#Trading #Investing #BearMarket

More strategies backtested at https://twitter.com/search?q=%23StrategyOfTheDay%20%40BreakingEquity&src=typed_query&f=top

$GME still gets a lot of attention. For example r/GME sub-reddit community has 361k members with 5–10 daily posts and quite active participation. Moreover GameStop as a company does not shy away from heating up the retail interest and actively engages into market frenzy.

I always thought that in such environment I should be able to make money from rapid runs up and down. Below is a strategy which worked exceptionally well this year.

I would also like to share a disclaimer before the strategy details and results:

My whole idea was not to overcomplicate hence I went with just EMA cross. After playing with it a bi at the beginning of the year it appeared that 10min EMA 4×8 Cross worked the best. So I ended up with EMA 4×8 and a trailing stop loss.

Below are a couple of images for lazy readers presenting the strategy and the results for the period from Jan 1, 2022 till Aug 10, 2022.

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The strategy presented have been developed, tested and executed live with Breaking Equity Algo Lab

1) #DOW30 Opening Range Breakout +35% YTD

2) 3x Leverage Bear Market Cross $SPSX +67% YTD

3) $GME EMA Cross +170% YTD see details at

see details at ⬇️

Decided to try a new topic: busting speculation about Technical Analysis.

Will be sharing trading strategies with results and analysis.

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The one for today: Opening Range Breakout

Opening Range Breakout is rather simple

50% gain YTD

Beats $LABD , $LABU and $SPY buy and hold

2021 and 2020 results are comparable.

There is a lot of speculation around TA and if it works or not. I wanted to share a simple trading strategy with YDT results. All it does: enters on EMA 13x50 Cross Up and exits on 13x50 Cross Down.

$SPXS EMA Cross on 3min bars + 1.5% Trailing Stop Loss

$SPXS is '“Direxion Daily S&P 500 Bear 3X Shares ETF” (-3x of $SPY)

Strategy Setup ^

~160 trades this year; almost 80% gain YTD ^

This week trades: -2% today but no complaints overall ^

Examples of Trades ^

All the trades performed with https://breakingequity.com/

Please do not consider this post to be an investment or trading advice. What worker for me so far may not work for you at all tomorrow. Perform your own research before trading.

Here is a quantitative study of holding $SPY for only one day. Entering on Monday morning 9:30am ET and closing the position on Tuesday 9:30am ET.

2020 was a huge outlier with 49% gain. What's interesting is that 2022 produced ~4% with such approach.

2018-2022 vs. $SPY buy&hold ^

We all need something good on a day like today. Let humor be that thing