🇯🇵 Long Nippon Tel & Tel at 152.6For today's international stock hypothetical trade, I'm off to the Asia-Pacific region to visit the Nikkei and attempt to outdo its 20 year average annual return in this trade alone. Since that is -1.1% per year, I think I can clear that bar. Plus, with the US markets closed tomorrow, I need something to entertain me when I wake up.
As you can see, the chart on Nippon isn't particuarly compelling, but my algo and I would have been 20-0 over the time period shown on the chart, so I feel good about it nonetheless.
One of the reasons I chose Nippon (there's lots of stuff down on the Nikkei) is that FPC trades on this name tend to close quicker than most. Overall returns on an absolute level are small (avg. 1.16%) but getting that in an average of 9 days in a market that returns 200ish% less than that a year is pretty good work, I think. I'm sure most Japanese buy and holders would take it, anyway.
I'm obvioulsy not trading this for real from half a planet away, but I'll play it like I am.
Per my usual strategy, once I'm in I'll add at the close on any day it still flashes "buy" and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
