$UVXY buying the dip 👁‍🗨

*This is not financial advice, so trade at your own risks*

*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*

*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management

Recap: Bitcoin and the US markets are losing steam after rallying for the majority of the month of March. We entered $UVXY on 3/25/22 at $14.25 per share. Our take profit was set at $18.

My team has decided to average down on $UVXY at $11.75 per share which now brings our share average to $13. We have also added a 2nd take profit at $21.

SHARE AVERAGE: $13
TAKE PROFIT 1: $18
TAKE PROFIT 2: $21


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Comment:

We are conquerors. If you were able to buy in with us on 4/20/22 then congrats.

Comment:

We missed our take profit 1 at $18 and were not able to sell in time. We are cancelling take profit 1 altogether and are preparing to sell our shares between $20-23. We are placing a stop profit loss at $14.25 so that we can at least walk away with some gains from this trade.

Trade closed manually:

We sold our shares today at $15.20 today. We tried to sell on Monday because we expected a bounce on $SPY but we missed our opportunity due to outside obligations, so we apologize. Our thought process for sticking with it was that we thought it would shoot back up between $17-$18 before the meeting and then sell off but oddly enough that never happened. Our average was $13 per share so we didn't completely screw up haha.