TVIX Trade on Mar 20, 2020 13:28 from beno: Tradervue User Stock Trades.

Shared by
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
-WHO declares COVID-19 as global pandemic
-March 12 2020: Fed says they will do more repo operations (pump money into markets)
-March 13 2020: US declares COVID-19 an emergency
-Market consolidation in the 240's and 230's
-Closed weak today, more likely to gap down on Monday

Technical Analysis

-SPY intraday pattern: Fade
-SPY Levels: 228, 230, 235, 237, 240, 244

Original Plan / Strategy

First test short of SPY 238 (long TVIX, short SPY)

Review

Was not supposed to take this trade because the SPY level wasn't A+. I wanted SPY to tank lower before coming to retest this level but I got FOMO and broke my rules and didn't take profits when I was ITM. My emotions were wack during this trade...

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-20 13:28:00	TVIX	buy	$550.000	long
2020-03-20 13:30:07	TVIX	sell	$542.920	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13435380&end=20200320135907&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13435380&end=20200320150007&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13435380&end=20200320160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13435380&end=20200419&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}