1st trade
I had been watching the 44.6 level as it had been the LOD for the day.. I got in slightly below 45 with 44.6 as the risk, anticipating for a break higher. As soon as it began to trend lower, I got flat and waited for another opportunity.
2nd trade
After seeing that 44.5 began to hold, I bought small and sold close into 45 for a quick profit. Then on the pullback I added more with conviction seeing the 44.6 holding, and this was the previous level I had been watching all afternoon. I sold some into the pop toward 44.8 for a quick profit, and then added more in anticipation of a late day reversal over 44.8. I sold some near 45.5s as it was approaching previous resistance and vwap level. I subsequently sold more into 46s. I rebought a small amount back once it broke 46 and sold in to the push toward 46.5s. The volume increase had been the key that this trade was going to be powerful.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-02-08 13:28:48 | UPRO | buy | $44.950 | long |
2016-02-08 13:41:44 | UPRO | sell | $44.770 | 0 |
2016-02-08 14:43:29 | UPRO | buy | $44.680 | long |
2016-02-08 14:47:10 | UPRO | sell | $44.890 | 0 |
2016-02-08 14:51:01 | UPRO | buy | $44.670 | long |
2016-02-08 14:51:55 | UPRO | buy | $44.570 | long |
2016-02-08 14:55:01 | UPRO | sell | $44.710 | long |
2016-02-08 14:55:35 | UPRO | sell | $44.740 | long |
2016-02-08 15:06:20 | UPRO | sell | $44.800 | long |
2016-02-08 15:06:32 | UPRO | buy | $44.820 | long |
2016-02-08 15:09:27 | UPRO | buy | $44.840 | long |
2016-02-08 15:14:21 | UPRO | buy | $45.080 | long |
2016-02-08 15:21:50 | UPRO | sell | $45.460 | long |
2016-02-08 15:21:56 | UPRO | sell | $45.460 | long |
2016-02-08 15:21:58 | UPRO | sell | $45.470 | long |
2016-02-08 15:31:29 | UPRO | sell | $45.650 | long |
2016-02-08 15:31:38 | UPRO | sell | $45.750 | long |
2016-02-08 15:33:32 | UPRO | sell | $45.850 | long |
2016-02-08 15:33:33 | UPRO | sell | $45.870 | long |
2016-02-08 15:43:08 | UPRO | buy | $46.130 | long |
2016-02-08 15:44:54 | UPRO | sell | $46.190 | long |
2016-02-08 15:45:28 | UPRO | sell | $46.330 | long |
2016-02-08 15:46:07 | UPRO | sell | $46.380 | 0 |
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