Following the plan, and checking the chart once or twice a day when I have a moment, I noticed SOXL crossed over SPXS this morning. If I made the trades at 10:00 this morning, I would have sold SPXS@22.41 and bought SOXL@158.46.
By the way, one of my attractions to this plan is I can check the chart on the weekends, in the evenings, and occasionally when I get a chance during the day. Nothing more needed.
Below is my updated paper trade record -
Using the SOXL:SPXS chart, and 6 day and 10 day crossover points, I come up with the following paper trades for this year;
@the first crossover of the year 30JAN Buy SPXS @ 25.421
16FEB Sell SPXS@27.43 and buy SOXL@160.77 a 7.9% gain on SPXS
20MAR Sell SOXL@184.38 and buy SPXS@27.45 a 14.7% gain on SOXL
13APR Sell SPXS@28.61 and buy SOXL@150.79 a 4.2% gain on SPXS
20 APR Sell SOXL@122.86 and buy SPXS@28.21 a 18.5% loss on SOXL
This is where if I had a stop loss set at 10%, I believe I could have limited the 18.5% loss to 10%, so I will use 10% loss. Having been stopped out I would sit out the market until the next cross over signaled a buy in the opposite ETF
3MAY Sell SPXS@28.78 and buy SOXL@135.83 a 2% gain on SPXS
13JUN Sell SOXL@178.47 and buy SPXS@24.89 a 31.3% gain on SOXL
9JUL Sell SPXS@24.56 and buy SOXL@157.52 a 1% loss on SPXS
14AUG Sell SOXL@149.38 and buy SPXS@23.18 a 5.2% loss on SOXL
24AUG Sell SPXS@22.41 and buy SOXL@158.46 a 3% loss on SPXS
If I used $10,000 with the first buy on 30JAN, then-
16FEB 10,000 + 7.9% = $10,790
20MAR 10,790 + 14.7% = $12,376
13APR 12,376 + 4.2% = $12,895
20APR 12,895 – 10% = $11,606
3MAY 11,606 + 2% = $11,838
13JUN 11,838 + 31.3% = $15,543
9JUL 15,543 – 1% = $15,388
14AUG 15,388 – 5.2% = $14,588
24AUG 14,588 - 3% = $14,150
14,150/10,000 = 41.5% increase so far this year.
Still so far a better 2018 return than letting Surfer 'The Right Direxion' strategy run on autopilot
