in the morning $UVXY popped off of daily level lows twice in a big way as you can see the whipsaws on the 5 min chart. I got in as it seemed to be going with .30 risk on the first entry, I was a bit early.
Right before the 2nd entry there was a hammer and all the previous 5 min candle whicks urged me to add to my position with a new stop around .18 from cost basis.
Trade worked out very well. I got out of full position just because I wanted to book profits here. I am currently exposed to a swing long SPXU so i feel good just taking what I can for this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-04 01:19:10 | UVXY | sell | $16.840 | short |
2016-10-04 12:09:10 | UVXY | buy | $16.350 | short |
2016-10-04 12:49:52 | UVXY | buy | $16.280 | 0 |
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