UVXY Trade on Jan 21, 2016 12:01 from ToqueX: Tradervue User Stock Trades.

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Grade=D
P/L= -0.1R

Entry: buy the bottom while watching the tape at a key level.

Result: Tightened the stop and got out near break even.

Lesson: I got the level about right, but I should have respected teh risky nature of the entry and either not taken it or had the stop a little below 47 and been prepared to wait it out a while for momentum to the upside to set it. A little more patience would have worked out here, but really I'd prefer not to take trades like these.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-01-21 12:01:21	UVXY	buy	$47.360	long
2016-01-21 12:01:35	UVXY	sell	$47.160	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=UVXY&trade=4147288&end=20160220&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=UVXY&trade=4147288&end=20160121160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=UVXY&trade=4147288&end=20160121143135&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=UVXY&trade=4147288&end=20160121123135&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

UVXY Trade on Jan 21, 2016 12:01 from ToqueX: Tradervue User Stock Trades.

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