Trade Setup Overview with MAGS, SPXL & AAPU
This was yesterday's full list of ticker I prepared with alert trigger (my timezone is 12 hours ahead).
The main consideration was only based on <60% ATR from LoD because i want size, then I checked spread for potential slippage. That's the reason I went for $Roundhill Magnificent Seven ETF(MAGS)$ $Direxion Daily S&P 500 Bull 3X(SPXL)$ $Direxion Daily AAPL Bull 2X Shares(AAPU)$ (It was actually $ProShares UltraPro QQQ(TQQQ)$ but i didn't managed to get in at the price i want and it exploded to 130% ATR from LoD in less than 3mins, so i took a laggard AAPU as proxy to TQQQ move)
If I were to revisit this, I should have put off from triggering AAPU since i have MAGS exposure and should hedge the 2 trades with $ProShares UltraShort Bloomberg Natural Gas(KOLD)$ reclaim breakout instead that happened at 11.15AM ET. It will be about 80% LoD from ATR even after almost 2 hours. Now it closed on 156% ATR on a +9% move.
Image
Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
