Shared by
Forfreedom
3.4.19
Quick play - noticed a perfect opportunity found in price ranges between support at psych level 27.00 flat and 27.50. Performed trade as usual with standard strategy. Order sizes were appropriate although a mistake was made for 27.20 (should of been a lmt order for 26.95 but i entered 27.95 by mistake and grabbed 25 shares at 27.20.) Ideally I would of waited for the 27.06 to hit to add more right before key STOP area.
SPY has been showing weakness for weeks, although not completely bearish signals, it was overdue for a healthy pullback, and a healthy pullback in this economy for SPY can result in a 10% day for TVIX.
That day was today.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-03-04 10:11:00 | TVIX | buy | $27.500 | long |
| 2019-03-04 10:20:00 | TVIX | buy | $27.200 | long |
| 2019-03-04 10:32:00 | TVIX | buy | $27.300 | long |
| 2019-03-04 10:36:00 | TVIX | buy | $27.480 | long |
| 2019-03-04 11:28:00 | TVIX | sell | $29.250 | long |
| 2019-03-04 11:30:00 | TVIX | sell | $29.530 | long |
| 2019-03-04 11:42:00 | TVIX | sell | $29.950 | long |
| 2019-03-04 11:44:00 | TVIX | sell | $30.150 | long |
| 2019-03-04 11:49:00 | TVIX | sell | $30.500 | long |
| 2019-03-04 11:49:00 | TVIX | sell | $30.480 | long |
| 2019-03-04 11:54:00 | TVIX | sell | $30.430 | long |
| 2019-03-04 11:55:00 | TVIX | sell | $30.900 | 0 |
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