Retail Sales posted abysmal numbers National Emergency declared S&P500 due for a reversal China U.S relations worst in recent memory with the arrest of Huawei CFO U.S. industrial production fell in January for the first time in eight months
Something has to give. I'm using some intuition with this trade, just have a good feeling about it, especially considering the political environment. Also, I like how it is at the bottom of it's short term range
I like the technical component too. Even though TVIX erodes due to contango, this level has still shown to be resilient. The range is beautiful, with potential upside of 10%+. Only buying 1/2, will fill on momentum or on a pullback to either bump out or reduce average.
This is a risky trade though
Comment
⋅
Will try to bump out at$32.50. Was considering selling, but I'm hold strong to my original conviction. Not down that much anyways
Comment
⋅
I liked it at $33 for the fill. Hesitated, was close to adding though.
Comment
⋅
fill $32.50. average $33.05
Comment
⋅
Sell 32.07, loss 3%
Comment
⋅
Re-enter 1/4 32.22
Comment
⋅
add another 1/4 32.32, average 32.27
Comment
⋅
fill 31.76
Comment
⋅
average 32
Comment
⋅
Taking loss, 31.20
Comment
⋅
fill whole position 31.30
Comment
⋅
sell 1/2 31.36
Comment
⋅
ill 31.90 ave 31.60
Comment
⋅
fill*
Comment
⋅
was better to add the rest through 50 not 32
Comment
⋅
sell 31. Done . Lost too much, out of the race
Comment
⋅
Refill full position, 30.25
Comment
⋅
sell 1/2 32.16
Comment
⋅
down 4% realized as opposed to 7%. back in the game
My concern at this point is that both countries don't want this to look bad as they want to keep their markets up, so will we actually get honest news about whats going on here? Or will they say its going great when it's actually bullshit. Hmm.
Rogerfak
⋅
I'm almost debating just focusing on SOXS instead of TVIX as it has less volatility and would provide about 75% of the returns of TVIX.
Rogerfak
⋅
Next support $30?
InteractiveSwingTrading
⋅
@Rogerfak, Not sure, bad trade. I suspected the market test newer highs. The momentum was still strong. I thought, probably better to wait until the market turns, then get in rather then try to call the bottom. Gold was the better play