SOXL Long Swing Trade
BUY signal for SOXL all day last Friday, with a nice dip intraday to provide a buying opportunity.
SELL on first red heiken ashi candle.
TP1 is about 6% or $720, where I'll take of 25% of the position if that is hit.
TP2 @ 8%/$733 (25% of position)
TP3 @10%/$747 (25% of position)
Strategy Statistics from backtest since SOXL conception (no take profits)
Win%: 56%
Avg Win: 7.3%
Avg Loss: 4.65%
R:R: 1.58
SELL on first red heiken ashi candle.
TP1 is about 6% or $720, where I'll take of 25% of the position if that is hit.
TP2 @ 8%/$733 (25% of position)
TP3 @10%/$747 (25% of position)
Strategy Statistics from backtest since SOXL conception (no take profits)
Win%: 56%
Avg Win: 7.3%
Avg Loss: 4.65%
R:R: 1.58
Comment:
Well that didn't work, rough day across Tech indexes.