Shared by
KevinL_BOWS
I had been playing VXX for the past few days and decided to go with the leveraged version for the larger potential gains.
Got a little trigger happy with this several times, had a pretty good first entry, bought near support which was the prior hod, 51.30ish--this was my stop level. Sold half at top of the flag range, sold rest near my stop level (which is where I should have added as it had become support)
Entered again at a green candle that I had hoped would break the flag. Got stopped out, again right at support. The second trade gave my gains from the first trade back.
The final Entry was on the real flag break, and started a monster run. However, because of my trading whipsawing back and forth. I took the quick gains in full, rather than scaling and getting a homerun.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-08-25 13:38:21 | UVXY | buy | $51.850 | long |
| 2015-08-25 13:43:20 | UVXY | sell | $53.560 | long |
| 2015-08-25 13:55:18 | UVXY | sell | $51.540 | 0 |
| 2015-08-25 14:36:40 | UVXY | buy | $52.150 | long |
| 2015-08-25 14:49:40 | UVXY | sell | $51.580 | 0 |
| 2015-08-25 15:15:56 | UVXY | buy | $54.150 | long |
| 2015-08-25 15:19:55 | UVXY | sell | $55.140 | 0 |
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