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

Not

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

Not

I liked it at $33 for the fill. Hesitated, was close to adding though.

Not

fill $32.50. average $33.05

Not

Sell 32.07, loss 3%

Not

Re-enter 1/4 32.22

Not

add another 1/4 32.32, average 32.27

Not

fill 31.76

Not

average 32

Not

Taking loss, 31.20

Not

fill whole position 31.30

Not

sell 1/2 31.36

Not

ill 31.90 ave 31.60

Not

fill*

Not

was better to add the rest through 50 not 32

Not

sell 31. Done . Lost too much, out of the race

Not

Refill full position, 30.25

Not

sell 1/2 32.16

Not

down 4% realized as opposed to 7%. back in the game

Not

missed that pullback at 31 3/4 for the refill.

Not

fill 32.05 ave 31.65

Not

sell 1/2 32

Not

sell 30.25, lost 4%

InteractiveSwingTrading

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Feragatname

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InteractiveSwingTrading

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