$SPX Trade on Jan 5, 2022 14:13 from ricky_trades: Tradervue User Stock Trades.

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ricky_trades

 

saw the fomc meeting minutes were released some news came out and market wasnt happy about it the first 2 candles were a bit choppy but alot of volume then finally some direction to the down side with heavy selling pressure. vix was moving nicely and giving me confidence to take the trade when the vix is up there is a strong fear in the market and selling begins. spy had some really strong selling pressure to the downside. 1+ million in volume.

1st trade-
late entry but it was a fast move. 4770-4765 was an important level on SPX. either we bounce or breakdown. by the time i got in alot of red candles already formed. after the candle i was in SPX began to consolidate then eventually dumped again. stock was underneath the 9ema. was able to grab $1.20. with these quick downside moves you can capture more. need to focus on getting on rejects/retests at key levels to capture more of the move and have a better Risk to Reward.

2nd trade-
waited for the consolidation to break at the 4750 level. because the premiums were spiking so fast i was able to get in and out quick. i need to focus more on holding my trades until it meets my profit target.

3rd trade-

this one coulda made like $40-50 on it but was expecting bigger move keep getting on at the end of the move. got out for $10 gain. need to try and catch the move at the 2nd candle atleast with strong volume. to the next support.


Execution detail:

Date/time Symbol Side Price Position
2022-01-05 14:13:31 5 JAN 22 4750 PUT buy $6.000 long
2022-01-05 14:13:52 5 JAN 22 4750 PUT sell $7.200 0
2022-01-05 14:34:06 5 JAN 22 4745 PUT buy $7.300 long
2022-01-05 14:34:47 5 JAN 22 4745 PUT sell $8.400 0
2022-01-05 14:43:36 5 JAN 22 4725 PUT buy $5.000 long
2022-01-05 14:45:20 5 JAN 22 4725 PUT sell $5.100 0

Displaying SPY as a proxy symbol.


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