Hi, traders. My name is Lukas and I am a beginner in trading, respectively, I only trade 6 months. But that means I have to do the necessary analyzes without it I can't trade. I want to show you how I work on myself and document my beginnings. I use Vix and my strategy is built on to return to average. I highlight the important support levels and resistances that flow from the volume profile, all drawn on graph. These zones determine the ability to respond in some way to the market from 1 to 3, with 1 being the largest.
Short description of analysis:
So VIX has been stretched for a long time with our strong resistance (1) this area reacted both in DEC 2018 and in 2015. It is a strong zone. However, there is a sentiment of the corona on the market, which still cannot be slept by some traders. We have to reconcile and go with the market, not against it !! Therefore it is necessary to focus on longer periods. Great investment opportunities are opening up, VIX is proof of this, just choose rationally and wisely. VIX is in range and will probably stay there for some time. Of course, my analysis does not serve like market forecasts and I am not responsible for your trades if you use my analysis for your own trades.
great to see you are starting and taking interest in the VIX! Your analysis is okay, could be a bit more clear on what you are trying to indicate using more technical analysis terms. But other than that keep working on yourself to improve! which platform do you use to trade VIX?
Lucas_Sochulak
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@Leezz, Thank you for your feedback I appreciate it and believe that I will improve over time, here I wanted to show the essence of how much is stretched market and is a matter of time when fires. I personally bought the shares of BRK B, but at the moment there are a lot of great opportunities. If you are asking what platform I trade on, these two TWS (trade workstation) and IB (interactive brokers)
Leezz
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@Lucas_Sochulak, Great to hear. and indeed this is a perplexed market which can amount to a high profit or loss so make sure to take care and manage your risk!! Those platforms work well and have a good history so good choice therefor. I wish you much success in your trading!
Lucas_Sochulak
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@Leezz, Thanks, best luck in future trades! And in everything else too!