TVIX Trade on Mar 20, 2020 15:02 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 233 level

Review

Piked it, should have used UVXY to scaled in and out, same lessons learned as my other TVIX winner today.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-03-20 15:02:09	TVIX	buy	$568.490	long
2020-03-20 15:02:38	TVIX	sell	$572.603	0

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#chart3 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13437346&end=20200320160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TVIX&trade=13437346&end=20200419&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}