Range Trade With High Risk Reward, Lot's Of Potential Catalysts
Mis à jour
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
Note
Will try to bump out at$32.50. Was considering selling, but I'm hold strong to my original conviction. Not down that much anywaysNote
I liked it at $33 for the fill. Hesitated, was close to adding though.Note
fill $32.50. average $33.05Note
Sell 32.07, loss 3%Note
Re-enter 1/4 32.22Note
add another 1/4 32.32, average 32.27Note
fill 31.76Note
average 32Note
Taking loss, 31.20Note
fill whole position 31.30Note
sell 1/2 31.36Note
ill 31.90 ave 31.60Note
fill*Note
was better to add the rest through 50 not 32Note
sell 31. Done . Lost too much, out of the raceNote
Refill full position, 30.25Note
sell 1/2 32.16Note
down 4% realized as opposed to 7%. back in the gameNote
missed that pullback at 31 3/4 for the refill.Note
fill 32.05 ave 31.65Note
sell 1/2 32Note
sell 30.25, lost 4%
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