Uranium is hitting a crazy trend currently. I am exposed to this via my holding of the uranium miner ETF $URNM.

In August and the start of September, the realized 1M volatility reached a low level of under 25. Historically, the last five times that occurred, an average gain of ~60% over the next 3-6 months.

The stock is up about 30% since the August trigger and 13% since the September trigger. The big volume that occurred this week makes me think this trend is just getting started!

I'm fully scaled in to my position and am rocking a 20% gain right now. My trailing stop is the 10 day low.

This is the Turtle Trading way 🐢 The strategy I've deployed here is inspired by Richard Dennis' trend trading strategy that he taught to the famous Turtle Traders in the 1980's.

I wrote a larger piece about how I have adapted his strategy to work within my dividend portfolio. I started allocating 15% of my capital to the strategy this year, and am finding some decent success with it now.

You can read that piece here: https://dividollars.com/2023/05/07/trend-following-trading-i-am-now-a-richard-dennis-turtle/