sample trade - 4-5 jan 2021

dgmtrader -

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

Happy New Year Everyone!

DGM score came in at a high value yesterday evening (Jan 4, subscriber-only post), after a significant down day. This time the score was confirming a strong DIX reading. Today (Jan 5) the market jumped at open and continued higher through the day. The trade returned 2.91%, averaged over a few limit and stop orders. Instrument: TNA (Direxion Daily Small Cap Bull 3X Shares), after-hours entry, sell-stop exit.

Trade background, rationale, details:

  • Bullish uptrend (arguably stretched)
  • Significant pullback on the day (SPX down ~50 points)
  • DGM value bullish, high DIX value (75th percentile, see dgm-update-4-jan-2021)
  • Speculating on next day bounce
  • Entry: TNA @ $63.50 (average, extended hours limit orders)
  • Exit: TNA @ $65.35 (average, regular session stop orders)
  • P&L: 2.91%

time | transaction | amount

  • | - | -
    01/05/2021 10:57:31 | Sold 50 TNA @ 65.3399 | 3,266.92
    01/05/2021 10:56:21 | Sold 50 TNA @ 65.565 | 3,278.17
    01/05/2021 10:52:31 | Sold 50 TNA @ 65.5 | 3,274.92
    01/05/2021 10:46:12 | Sold 42 TNA @ 65 | 2,729.93
    01/05/2021 10:46:12 | Sold 8 TNA @ 65 | 519.99
    01/05/2021 07:27:27 | Bought 50 TNA @ 63 | -3,150.00
    01/05/2021 07:07:37 | Bought 50 TNA @ 63.55 | -3,177.50
    01/05/2021 07:00:00 | Bought 30 TNA @ 63.59 | -1,907.70
    01/04/2021 18:54:59 | Bought 20 TNA @ 63.75 | -1,275.00
    01/04/2021 18:54:03 | Bought 50 TNA @ 63.8 | -3,190.00