I was keeping a close eye on SPY chart and it broke to the upside a 3 tap top. So I bought SVXY, which follows the SPY's and went long with a small stop of .21 cents. It worked out well. I scaled out 50 shares when I was up over 2:1 then the remaining 50 about .20 later.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-09-10 13:17:38 | SVXY | buy | $46.880 | long |
2015-09-10 13:36:24 | SVXY | sell | $47.940 | long |
2015-09-10 13:41:21 | SVXY | sell | $48.070 | 0 |
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