sample trade - 11-14 dec 2020

dgmtrader -

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

DGM and DIX values came in at high levels Friday evening (Dec 11), after a mixed day for SPX. Today (Dec 14) SPX gapped up at open, then traded mostly down during the day. We took advantage of the strong open to place a sell stop order. The order filled during the day and the trade returned 1.5% (although better prices could have been realized). Instrument: TNA (Direxion Daily Small Cap Bull 3X Shares), after-hours entry, sell-stop exit.

Trade background, rationale, details:

  • Bullish uptrend, small cap stocks strong
  • DGM and DIX values bullish, 74th and 81st percentiles (see dgm-update-11-dec-2020)
  • Speculating on strong small cap performance
  • Entry: TNA @ $60.20 (a second limit order wasn't filled)
  • Exit: TNA @ $61.10 (stop order)
  • P&L: 1.5%

time | transaction | amount

  • | - | -
    12/14/2020 14:31:51 | Sold 100 TNA @ 61.1 | 6,109.85
    12/11/2020 19:21:33 | Bought 100 TNA @ 60.2 | -6,020.00