TVIX Trade on Jun 15, 2020 15:31 from beno: Tradervue User Stock Trades.

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beno

 

Fundamentals

N/a

Catalysts / News / Painting the picture

-SPY went as high as 320 because world is slowly reopening from COVID
-SPY extended and pulled back from 320 to retest the 300 psychological support
-Jun 15 2020: SPY bounced 10 points from 297 low

Technical Analysis

-SPY pattern: Runner
-TVIX Intraday pattern: Fade
-SPY Levels: 297, 300, 302, 305, 308

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of SPY 305 level (short TVIX)
Confluence: Whole $
Strike Zone: 305.3 - 305
Sizing (lots): 3
Risk (stop / Rs): SPY Holding below 304.5

Review / Lessons Learned

Small wallet padder. TVIX went 6 points against me so I have to add couple small emergency lots, should have added full sized lots instead as SPY was still being support by the 304 - 305 intraday consolidation range. Lessons learned for next time.


Execution detail:

Date/time Symbol Side Price Position
2020-06-15 15:31:58 TVIX sell $170.520 short
2020-06-15 15:34:15 TVIX sell $173.650 short
2020-06-15 15:34:56 TVIX sell $173.640 short
2020-06-15 15:34:56 TVIX sell $173.640 short
2020-06-15 15:37:55 TVIX buy $171.720 short
2020-06-15 15:37:59 TVIX buy $171.190 short
2020-06-15 15:38:11 TVIX buy $169.710 short
2020-06-15 15:38:46 TVIX buy $169.400 short
2020-06-15 15:40:14 TVIX buy $170.990 0


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