sample trade - 9-10 dec 2020

dgmtrader -

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

DGM score came in solid bullish yesterday evening (Dec 9), after a market pullback. The trade was a speculation on a bounce. However, SPX traded mostly flat and in fact closed marginally lower today (Dec 10). Despite that, the trade was able to make a marginal gain (0.22%). Instrument: SPXL (Direxion Daily S&P500 Bull 3X Shares), after-hours entry, near-close exit.

Trade background, rationale, details:

  • Bullish uptrend (arguably stretched, but still bullish)
  • Significant pullback on the day (SPX down ~30 points, ~0.8%)
  • DGM score bullish, 72nd percentile (see dgm-update-9-dec-2020)
  • Speculating on next day bounce
  • Entry: SPXL @ $67.65 (average, extended hours limit orders)
  • Exit: SPXL @ $67.80 (near close, limit order)
  • P&L: 0.22%

time | transaction | amount

  • | - | -
    12/10/2020 15:58:05 | Sold 200 SPXL @ 67.8 | 13,559.68
    12/10/2020 07:23:00 | Bought 50 SPXL @ 67.5 | -3,375.00
    12/10/2020 07:19:59 | Bought 50 SPXL @ 67.65 | -3,382.50
    12/09/2020 17:55:50 | Bought 50 SPXL @ 67.75 | -3,387.50
    12/09/2020 17:53:27 | Bought 50 SPXL @ 67.7 | -3,385.00