Notes on the trade: On my first attempt I entered the trade based on the red candle on SPY at 9:50 AM (inside 5 to the downside) looking for a quick downtick, however, my stop was too tight and got stopped on the small green 5 min candle that followed right after. Nevertheless, I noticed weakness on the market so I re-entered my position with the same idea as my first trade (looking for a quick scalp) and this time I was correct. I got my one to one and then sold each piece every time I saw weakness. My approach to this trade was more of a scalp than a hold since the market was showing strong bullish sentiment.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-07-10 09:50:39 | VXX | buy | $33.450 | long |
2020-07-10 09:50:39 | VXX | buy | $33.450 | long |
2020-07-10 09:52:16 | VXX | sell | $33.300 | long |
2020-07-10 09:52:16 | VXX | sell | $33.300 | 0 |
2020-07-10 09:52:47 | VXX | buy | $33.460 | long |
2020-07-10 09:52:47 | VXX | buy | $33.460 | long |
2020-07-10 09:54:36 | VXX | sell | $33.590 | long |
2020-07-10 10:04:58 | VXX | sell | $33.900 | long |
2020-07-10 10:08:44 | VXX | sell | $33.740 | 0 |
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