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kylespangladesh
Feb 21, 2021 2:58 PM

UPRO Long Swing Trade Long

ProShares UltraPro S&P 500Arca

Description

BUY signal for UPRO last Friday, with a nice dip intraday to provide a buying opportunity. Weak closed but finished with a BUY sign.

SELL on first red heiken ashi candle.

TP1 is about 3% or $89.68, where I'll take of 25% of the position if that is hit.
TP2 @ 5%/$91.42 (25% of position)
TP3 @ 7%/$93.16 (25% of position)

Strategy Statistics from backtest since UPRO conception (no take profits)
Win%: 56.7%
Avg Win: 4.79%
Avg Loss: 3.16%
R:R: 1.52

Comment

Had to get out of this one. Will wait for next BUY signal to reenter. Got out for about a 1% loss on this one.

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