No matter what I think and how Bullish the market pretend to be. TLT is Tilted too steep too quickly. I want a piece of this to the Long Side. The best way to catch a falling knife is with GLOVES. Thats what Back Spread Does.
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Birds Eye View of UCS#2 Strategy and % Winner Since 2018. And the reason why I chose it.
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No more UCS1 & 2 Strategy picks. Its easy to trade em if the market is calm. If it is not, there is a high probability to make mistakes.
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I meant to say, I will post them after the market is calm.
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If you followed me on this trade. Its profitable, you can take it and run before the FOMC. I am holding it through the FOMC meeting. Because I believe "SPECULATE" that the interest rates are going to remain lower. And FEDs cannot risk increasing the interest rate in a Pandemic.
They Might Surprise US. So its your decision.
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This is trading in a tight range. I havent closed it.
Grand Slam Run happens only if you let it happen. So Will hold until the developing pattern breaks.
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TLT hasnt done anything more than what it was expected to do.
So, Hold it for one more week. This BS still profitable. The Loss Area is the area in red. TLT is trading far away so HOLD.
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Thats based on my position.
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Damn, I had a margin call this morning on my short call side of the BS.
Worked Great, Dumped it for a profit. Now holding straight calls. Will look for exit this week.
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I am sure some nice size of Margin call happened last night on TLT. Getting dumped.
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Finally closing the long side of the trade. Huge Winner, Including the Assignment.
Will probe more position here, soon a setup smiles up on it.