UVXY Trade on May 19, 2021 09:33 from DieselGenSet: Tradervue User Stock Trades.

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DieselGenSet

 

Today the market gapped down. Everything was red and only ETFs for volatility indexes were on the scanner.** UVXY** looked like a could put in a big move for the day so i marked out some levels for it.
These notes were delayed since i couldnt get the charts to work right- so details are rusty

  1. picked up on scanner
  2. gapped up 10%
  3. opened above the 9ema and had room to spike into the 50sma
  4. volume was there and know to volatile

i cant remember the premarket levels right before the open but i waited a few candles and i bought in anticipation as it was forming an ORB. It broke out and i sold half into the push of the that first candle. Moved my stop up a bit then was looking to see if it would tap into the 50sma which was my final target, i wasnt going to mess about. just wanted to lock it in. 2nd candle start to follow through so i moved my stop to just above my entry. i sold the rest near the 50sma zone. I keep saying that because if i wait for the exact level i want i find im often disappointed. It will miss it by a few pennies or it will hit so fast i dont get the sell then pull back etc. So im selling just before what i think might be obvious levels


Execution detail:

Date/time Symbol Side Price Position
2021-05-19 09:33:36 UVXY buy $5.090 long
2021-05-19 09:37:44 UVXY sell $5.220 long
2021-05-19 09:40:50 UVXY sell $5.290 0


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