TVIX Trade on Mar 10, 2020 15:26 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 short of TVIX when SPY was coming down to the 284.5 level (Short TVIX / Long SPY)

Review

This was a quicker trade because SPY usually is more volatile during the last half hour of trading so I didn't want to hold my TVIX through the wild swings (this is one of my rules)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-10 15:26:14	TVIX	sell	$228.990	short
2020-03-10 15:26:59	TVIX	buy	$227.760	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13276613&end=20200310155659&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13276613&end=20200310160000&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13276613&end=20200310160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13276613&end=20200409&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}