VXX Trade on Oct 11, 2018 14:09 from Ryan_Aldred: Tradervue User Stock Trades.

Full disclosure: I cherry picked this one trade from the 10s of other little chops and papercuts I took before and after this trade. I wanted this one to stand alone because this trade is ONE GOOD TRADE!

My thesis was that we could see $270 in SPY today if it broke through the premarket lows of 273.82. I bounced off that line in the morning and then rallied mid day, as did QQQ and DJI. DJI and SPY where the weakest, QQQ actually went green for a while.

Interesting note, QQQ, DJI and SPY totally moved in sync today. After it failed to break through the morning highs, I felt as if it was a matter of time before it flushed but I took a few paper cuts between then and this trade.

Everything aligned for this. As SPY was setting lower lows and not bouncing, so where DJI and QQQ. The market sentiment was fearful of the flush. When it happened nobody stepped in front of it.

Fuck it was exhilerating!

SPY hit a low of 270.63 and then bounced, I slammed the bid and got out 0.31 from the top when I recgonized that momentum had shifted.

Lesson: One Good Trade is all it takes!

Good job!

Chop Chop Copp!