(For informational/educational purposes only, not investment advice)
DGM score came in solid bullish yesterday evening (Dec 21), after a market scare and a strong rebound intraday. The trade was a speculation on the rebound continuing. SPX traded mostly flat to down, but the trade still returned 2.9% (due to instrument selection really). Instrument: TNA (Direxion Daily Small Cap Bull 3X Shares), after-hours entry, sell-stop exit (near close).
Trade background, rationale, details:
- Bullish uptrend, rebound, small cap stocks strong
- DGM and DIX values bullish
- Speculating on continuing rebound
- Entry: TNA @ $65.58 (average, extended hours limit orders)
- Exit: TNA @ $67.48 (near close, stop order)
- P&L: 2.9%
time | transaction | amount
- | - | -
12/22/2020 15:31:10 | Sold 200 TNA @ 67.48 | 13,495.68
12/21/2020 18:09:25 | Bought 50 TNA @ 65.65 | -3,282.50
12/21/2020 18:03:45 | Bought 50 TNA @ 65.7 | -3,285.00
12/21/2020 17:52:01 | Bought 50 TNA @ 65.5 | -3,275.00
12/21/2020 17:45:44 | Bought 50 TNA @ 65.48 | -3,274.00