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 107 level
Review
OGT, an A+ setup where I was closed to full size and had high conviction. Did a good job scaling out in this trade, captured above 1 point on average.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-03 12:57:40 | TVIX | buy | $107.620 | long |
| 2020-03-03 12:58:07 | TVIX | buy | $107.720 | long |
| 2020-03-03 12:58:15 | TVIX | buy | $107.670 | long |
| 2020-03-03 12:58:20 | TVIX | buy | $107.250 | long |
| 2020-03-03 12:58:23 | TVIX | buy | $107.200 | long |
| 2020-03-03 12:58:39 | TVIX | buy | $107.220 | long |
| 2020-03-03 13:00:00 | TVIX | sell | $107.990 | long |
| 2020-03-03 13:00:13 | TVIX | sell | $108.300 | long |
| 2020-03-03 13:00:23 | TVIX | sell | $108.590 | long |
| 2020-03-03 13:00:28 | TVIX | sell | $108.900 | long |
| 2020-03-03 13:00:43 | TVIX | sell | $108.910 | long |
| 2020-03-03 13:01:13 | TVIX | sell | $109.190 | 0 |
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