TVIX Trade on Mar 10, 2020 11:47 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

Market vol product

Catalysts / News / Painting the picture

-Fed announced 50 basis points cut last week
-Trump pitches 0% payroll tax
-Coronavirus fears continue, case count outside of china increasing faster

Technical Analysis

-SPY had a Bowl / Cup and handle intraday pattern
-SPY Levels: 274, 280-281, 285

Original Plan / Strategy

First Test long of TVIX when SPY was approaching the 278 level for the first time (TVIX long / SPY Short)

Review

SPY 278 was an A+ level considering how far down it traded (273.50). I only bought on lot before it started to bounce: I was saving my next lot for the actual test of 278.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-10 11:47:00	TVIX	buy	$238.180	long
2020-03-10 11:50:34	TVIX	sell	$244.530	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13276612&end=20200310121934&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13276612&end=20200310132034&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13276612&end=20200310160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13276612&end=20200409&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}