sample trade - 5-8 mar 2021

dgmtrader -

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

Both DGM and DGMV scores had bearish readings Fri evening (Mar 5; DGMV score just mild bearish), after a strong up day. The trade was a speculation on a pullback. Today (Mar 8) the market traded mostly higher through the day but drifted to close down. We held the position through market close, speculating on further weakness. However, the model scores printed positive this time around so we closed out the position. The trade returned 0.82%; instrument: SPXS (Direxion Daily S&P 500 Bear 3X Shares), after-hours entry and exit.

Trade background, rationale, details:

  • Bullish/sideways trend, strong rally on the day (SPX up ~73 points)
  • DGM & DGMV values bearish (see dgmv-update-5-mar-2021)
  • Temporary hedge, speculating on pullback
  • Entry: SPXS @ $35.10 (extended hours limit orders)
  • Exit: SPXS @ $35.39 (extended hours limit order)
  • P&L: 0.82%

time | transaction | amount

  • | - | -
    03/08/2021 17:49:43 | Sold 300 SPXS @ 35.39 | 10,616.91
    03/05/2021 18:46:42 | Bought 100 SPXS @ 35.1 | -3,510.00
    03/05/2021 18:44:57 | Bought 100 SPXS @ 35.1 | -3,510.00
    03/05/2021 18:44:03 | Bought 100 SPXS @ 35.1 | -3,510.00