As UVXY went sharply up and I saw the red bar I shorted because it was hitting resistance I could not get through it. Good move , I covered as price support.
Set up: Yes
Stop66.30
Woudl I make this trade with real monye? Yes
As market bounced of price support and created higher high I don;t know why I expected to go even higher and I shorted UVXY. Mistake as bars on SPX very really tiny. Market pulled back to price support again and UVXY went up taking up my support.
Set up: Not really
Stop 65.87
Would I make this trade with real money ?: probably
I also was waiting a bit after my stop hit expecting it will come back but it did not. It is not worthy for me to do that. I can get burnt.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-03-20 15:29:26 | UVXY | sell | $66.130 | short |
2014-03-20 15:29:26 | UVXY | sell | $66.130 | short |
2014-03-20 15:32:15 | UVXY | buy | $65.780 | short |
2014-03-20 15:32:15 | UVXY | buy | $65.780 | 0 |
2014-03-20 15:45:21 | UVXY | sell | $65.750 | short |
2014-03-20 15:45:27 | UVXY | sell | $65.700 | short |
2014-03-20 15:51:18 | UVXY | buy | $66.000 | short |
2014-03-20 15:51:18 | UVXY | buy | $66.000 | 0 |
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too much daily resistance for me!!