Shared by
beno
Fundamentals
Market vol product
Catalysts / News / Painting the picture
-Fed announced 50 basis points cut today
-Strong move to 310 on SPY then faded all day (TVIX strength all day)
-Coronavirus fears continue
Technical Analysis
-Strong pullback in the morning after fed cut rates
-Uptrend all day after that
-Levels: 90, 102, 110, 115, 124
Original Plan / Strategy
First Test long of 102 level
Review
Stopped out when I noticed panic selling, saw market strength, hit out immediately. It was due to fed rate cut.
Lessons learned: never put fantasy orders to enter positions on TVIX!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-03 10:00:01 | TVIX | buy | $102.830 | long |
| 2020-03-03 10:00:02 | TVIX | buy | $102.690 | long |
| 2020-03-03 10:00:07 | TVIX | sell | $98.860 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!