Shared by
James_BOWSsim
Now everything seems so clear, but not this morning. Was hoping for a bounce in Biotechs so I shorted this inverse leveraged biotech ETF when I saw it pull back to its VWAP and 9 EMA. My first order wasn't completely filled because the limit wasn't met, hence the two separate short entries.
Covered right in between the two entries because the volume just wasn't strong enough and I had a bad feeling. Good thing I did too, with these leveraged ETF's its very easy to lose a lot. I regret this trade but am not really sure how to avoid it in the future so that commissions don't kill profits. Perhaps it would be best to just stay away from these leveraged ETF's for the time being..
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-01-12 10:03:20 | LABD | sell | $48.100 | short |
| 2016-01-12 10:03:20 | LABD | sell | $48.100 | short |
| 2016-01-12 10:06:39 | LABD | sell | $48.260 | short |
| 2016-01-12 10:06:40 | LABD | sell | $48.320 | short |
| 2016-01-12 10:19:28 | LABD | buy | $48.199 | short |
| 2016-01-12 10:19:38 | LABD | buy | $48.176 | 0 |
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