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