Order Executed! My first quantitative action outside of tech 🚀🎯
As I promised in the previous post, I let the morning volatility pass, analyzed the data from my scanner based on the SMA 200, and just made my first strategic shot using a fractional format.
The absolute winner that the algorithm spit out was: HOOD (Robinhood Markets, Inc.) 📊
Here are the exact numbers from my trade:
Amount invested: $20 USD.
Entry price: $107.77 USD.
Shares acquired: 0.1856 SHARES.
Leverage: x1 (Zero liquidation risk).
Why did I choose HOOD and not another? From the nearly 50 companies that passed my filter this Monday, the tech sector dominated the Top 5. Following my rule of not overexposing myself (since I have a strong base in $QQQ), I looked for the first company with the highest relative strength outside of Tech. HOOD showed up in the #6 overall position leading the financial sector, with an impressive +40.71% in the last month and trading very healthily above its long-term trend (SMA 200 at $102.82).
Additionally, we took advantage of a small intraday pullback of -0.70% to get in at a better price.
My hybrid portfolio of $65 USD is officially live. Now comes the hardest part for many, but the easiest for a quantitative system: maintaining the position in a disciplined manner, observing its behavior, and not touching it until next month's rebalancing.
What do you think about this financial addition to balance things out against tech? I’m reading your thoughts in the comments! 👇
#TradingLatam #Investments #Finance #SMA200 #RiskManagement #FinancialEducation
As I promised in the previous post, I let the morning volatility pass, analyzed the data from my scanner based on the SMA 200, and just made my first strategic shot using a fractional format.
The absolute winner that the algorithm spit out was: HOOD (Robinhood Markets, Inc.) 📊
Here are the exact numbers from my trade:
Amount invested: $20 USD.
Entry price: $107.77 USD.
Shares acquired: 0.1856 SHARES.
Leverage: x1 (Zero liquidation risk).
Why did I choose HOOD and not another? From the nearly 50 companies that passed my filter this Monday, the tech sector dominated the Top 5. Following my rule of not overexposing myself (since I have a strong base in $QQQ), I looked for the first company with the highest relative strength outside of Tech. HOOD showed up in the #6 overall position leading the financial sector, with an impressive +40.71% in the last month and trading very healthily above its long-term trend (SMA 200 at $102.82).
Additionally, we took advantage of a small intraday pullback of -0.70% to get in at a better price.
My hybrid portfolio of $65 USD is officially live. Now comes the hardest part for many, but the easiest for a quantitative system: maintaining the position in a disciplined manner, observing its behavior, and not touching it until next month's rebalancing.
What do you think about this financial addition to balance things out against tech? I’m reading your thoughts in the comments! 👇
#TradingLatam #Investments #Finance #SMA200 #RiskManagement #FinancialEducation