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69.74% Gain On SP500 Trades

On December 12, 2018 I started using a new trade set-up to trade the SP500 both to the upside and to the downside - so far the results have been fantastic.

The trade model uses the NYSE Bullish Percentage Index to identify entry points for long and short trades on the SP500. I then use the Direxion Daily SP500 Bull and Bear ETFs (SPXL) and (SPXS) which provide 3x leverage on the trades.

This is a swing trading model, so I'm always either long or short the SP500.

I allocate 30% of my portfolio to these trades.

Since December 12, 2018 the trades have generated a total gain of 69.74% (up to April 12, 2019). In comparison, the SP500 is up 9.65% over the same time period.

                                    CMT MARKET TREND INDICATOR

                                                  SP500 TRADES

TRADE

ETF

ENTRY

EXIT

% RETURN

LONG

SPXL

12-DEC-18

13-DEC-18

-1.64%

SHORT

SPXS

13-DEC-18

27-DEC-18

22.64%

LONG

SPXL

27-DEC-18

7-FEB-19

31.60%

SHORT

SPXS

7-FEB-19

12-FEB-19

-5.12%

LONG

SPXL

12-FEB-19

4-MAR-19

4.74%

SHORT

SPXS

4-MAR-19

12-MAR-19

-0.72%

LONG

SPXL

12-MAR-19

20-MAR-19

5.31%

SHORT

SPXS

20-MAR-19

28-MAR-19

2.64%

LONG

SPXL

28-MAR-19

CURRENT TRADE

10.30%

To view the option details (strike price, expiry date, and leverage), you can sign up for a Free Trial for The Options Trader. Only Members receive real-time trade alerts.

Disclosure: I am/we are long SPXL.