Range Trade With High Risk Reward, Lot's Of Potential Catalysts
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
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
Commentaire:
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
Commentaire:
I liked it at $33 for the fill. Hesitated, was close to adding though.
Commentaire:
fill $32.50. average $33.05
Commentaire:
Sell 32.07, loss 3%
Commentaire:
Re-enter 1/4 32.22
Commentaire:
add another 1/4 32.32, average 32.27
Commentaire:
fill 31.76
Commentaire:
average 32
Commentaire:
Taking loss, 31.20
Commentaire:
fill whole position 31.30
Commentaire:
sell 1/2 31.36
Commentaire:
ill 31.90 ave 31.60
Commentaire:
fill*
Commentaire:
was better to add the rest through 50 not 32
Commentaire:
sell 31. Done . Lost too much, out of the race
Commentaire:
Refill full position, 30.25
Commentaire:
sell 1/2 32.16
Commentaire:
down 4% realized as opposed to 7%. back in the game
Commentaire:
missed that pullback at 31 3/4 for the refill.
Commentaire:
fill 32.05 ave 31.65
Commentaire:
sell 1/2 32
Commentaire:
sell 30.25, lost 4%