UVXY Trade on Jan 21, 2016 11:22 from ToqueX: Tradervue User Stock Trades.

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Grade=D
P/L= -1.5R

Entry: pullback of some kind, but not really.

Result: Stopped out. I was watching the SPY and looking to get on board the momentum of the hour. The problem was that there wasn't really any momentum at this time and I should have recognized that. Were were in a choppy zone and that was a poor entry even for a scalp.

Lesson: It's best to stay out of chop. If you think you have a good reason to enter what looks sort of choppy, make sure you always have the advantage of being on the right edget of the chop for your thesis, so at least you can potentially bail at break even or lock in a tiny gain to cover commissions.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-01-21 11:22:55	UVXY	buy	$50.200	long
2016-01-21 11:38:33	UVXY	sell	$49.360	long
2016-01-21 11:38:55	UVXY	sell	$49.520	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=UVXY&trade=4147286&end=20160220&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=UVXY&trade=4147286&end=20160121160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=UVXY&trade=4147286&end=20160121140355&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=UVXY&trade=4147286&end=20160121120355&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

UVXY Trade on Jan 21, 2016 11:22 from ToqueX: Tradervue User Stock Trades.

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