WindwalzerApr 13, 20 10:41 PM
:)
-$6,434 Loss
TVIXLong Stock
Entry comments: Market hedge
Exit comments: I relied on history to project a 'sure thing'- bear markets with recessions like 1929 and 2008 crash and then go lower after a rally. I was expecting at least a pullback on bounce, not new lows, but there was NONE! This was a real V shaped recession recovery- first and fastest in NASDAQ history. Going against the market and FED full size like I did here was a massive disproportional risk. Stop was too wide and I made this a waiting game. But I still believe the statistical odds were on my side.
Broker:Interactive Brokers
| Date | Price | |
|---|---|---|
| Entry | 4/13/2020 | 233.52 |
| Exit | 7/2/2020 | 104.84 |
- Total Views263
- Position Size50
- Percentage-55.1%
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WindwalzerJul 05, 20 10:33 PM
That's unfortunate.
RChenJul 07, 20 2:08 AM
I had same trade as you. hope will pullback, did not cut lost quick. but it is good lesson. thank you for sharing.
