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 short of 97 morning low after fed cut rates and SPY looked bullish
Review
Got one scalp for 10 shares on the 95 test when I started scaling in but then took profits when it pulled back.
Next trade was when it tested 97, but then it went all the way to 102. I used my emergency lots to add near the 102 level and I recycled shares. Messy trade but got out of it green.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-03 10:07:42 | TVIX | sell | $95.170 | short |
| 2020-03-03 10:08:33 | TVIX | buy | $93.100 | 0 |
| 2020-03-03 10:13:34 | TVIX | sell | $96.850 | short |
| 2020-03-03 10:13:38 | TVIX | sell | $96.950 | short |
| 2020-03-03 10:13:47 | TVIX | sell | $97.080 | short |
| 2020-03-03 10:14:49 | TVIX | sell | $98.270 | short |
| 2020-03-03 10:14:58 | TVIX | sell | $99.520 | short |
| 2020-03-03 10:15:20 | TVIX | sell | $100.750 | short |
| 2020-03-03 10:15:26 | TVIX | sell | $100.980 | short |
| 2020-03-03 10:16:47 | TVIX | buy | $98.800 | short |
| 2020-03-03 10:19:35 | TVIX | buy | $98.390 | short |
| 2020-03-03 10:20:46 | TVIX | buy | $98.730 | short |
| 2020-03-03 10:21:20 | TVIX | buy | $99.880 | short |
| 2020-03-03 10:22:12 | TVIX | buy | $97.975 | short |
| 2020-03-03 10:22:36 | TVIX | buy | $97.270 | short |
| 2020-03-03 10:22:52 | TVIX | buy | $96.870 | 0 |
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