Notes on the trade: When the market (SPY’s & Q’s) opened I saw a lot of selling pressure so I decided that if the 5 min candle at 9:35 AM on $VXX was higher than the 5 min candle on $SPY at 9:30 AM I was going to take a position. Once I saw the candle on $VXX at 9:35 AM make the high I got in and was able to get my one to one kick right away.
After getting my kick all I did was trim a piece of my position every time I saw strength. Something that worked in my advantage was the breaking news regarding Trump's Tax forms and the Supreme Court.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-09 09:35:59 | VXX | buy | $32.550 | long |
2020-07-09 09:37:14 | VXX | sell | $32.690 | long |
2020-07-09 10:20:04 | VXX | sell | $33.240 | long |
2020-07-09 10:48:20 | VXX | sell | $33.500 | 0 |
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