In this chart, you can see Hang Seng Index hitting the resistance of my trend channel, where I opened a short position of 480,000 shares with the Hang Seng Index 7X short DLC.
If you are new to DLC, DLC stands for Daily Leverage Certificate. It is traded on the Singapore Stocks Exchange, and allows you to long or short selected indices or single stocks with up to 7x leverage factor.
For this DLC trade, I bought 480,000 shares of the 7X Short Hang Seng Index DLC at $1.535. The next day, I sold them at $1.572, reaping a total profit of SGD $16,716.
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All posts and charts are for educational and illustration purposes only
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