sample trade - 1-2 mar 2021

dgmtrader -

(For informational/educational purposes only, not investment advice)

Both DGM and DGMV scores came in with low readings yesterday evening (Mar 1, first public release of DGMV, subscriber-only post), after a very strong up day. The trade was a speculation on a pullback. Today (Mar 2) the market traded mostly lower through the day. Although we missed the best prices, the trade returned 1.59%, averaged over a few limit and stop orders. Instrument: SPXS (Direxion Daily S&P 500 Bear 3X Shares), after-hours entry, sell-stop exit.

Trade background, rationale, details:

  • Bullish uptrend, very strong rally on the day (SPX up ~90 points)
  • DGM & DGMV values bearish (see dgmv-update-1-mar-2021)
  • Temporary hedge, speculating on pullback
  • Entry: SPXS @ $33.60 (extended hours limit orders, one additional order didn't fill)
  • Exit: SPXS @ $34.135 (regular session stop order)
  • P&L: 1.59%

time | transaction | amount

  • | - | -
    03/02/2021 12:04:59 | Sold 200 SPXS @ 34.135 | 6,826.95
    03/01/2021 19:52:28 | Bought 100 SPXS @ 33.6 | -3,360.00
    03/01/2021 18:25:14 | Bought 100 SPXS @ 33.6 | -3,360.00