Trade of the day, UVXY!!!

WOW! I can't believe I sold UVXY during the middle of the day, and left over $2000 on the table. Damn you Italy! Anyways, if you have been keeping up with my blog posts (on UVXY), you should know that I've been playing ever gap down on UVXY at the open for the past month, trying to catch that dead cat bounce. Went long again a 1000 shares today and got filled this morning at 9.25. After it hit a strong resistance level around 10.50 around noon, I sold it at 10.398 for a 1.148 point gain. I've noticed recently late in the day, UVXY tends to retrace back down after a nice bounce, so that's why I decided to take my profits and sell it around noon. As you can see though, it was the wrong decision, and I ended up leaving a pile of money on the table. Siiiiiiiiigh!

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Trade of the day, UVXY!!!

Didn't day trade any stocks today, but this trade of the day, was just a continual trade from yesterday (look at previous day blog post) on UVXY. Finally sold it right before the bell rung at 10.59, from an entry yesterday at 10.15, for a .44 point gain. All I can say is "Do not let your greed get the better of your judgement." HAVE A NICE WEEKEND!

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Than

Trade of the day, UVXY!!!

So I broke a bunch of rules today, but this trade just got my emotions going. Went long this morning 1000 shares of UVXY and got filled at 10.15. Decided to hold it overnight after it broke through 11, but as you can see below, my trade turned into a nightmare after 2:30p.m ET. Going to hold UVXY until probably the end of the day tomorrow.

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Trade of the day, UVXY!!!

You win some, and you lose some. Played UVXY long again (see previous post) today, and I really got caught off guard this time when it started to collapse near around 1:00 p.m ET. Went long 1000 shares right at the open, and got filled at 12.95. I initially placed my stop at 12.73, then stupidity moved it down to 12.47 when I thought the overall market seemed to have top out a bit. Now due to market makers or whoever is rigging this ETF, my stop all of sudden got stopped-out very quickly around 1:00 p.m ET and sold at 12.47, a -.48 point loss. If the UVXY was a stock, it would have been delisted months ago. Despite this losing trade today, I'm far from done trading it. I'm going to be day-trading it until I get my "DeaD CaT BouncE"!!! Even if it blows up my account...Just Kidding. Enjoy the long weekend everybody!

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Trade of the day, UVXY!!!

If you have been reading my posts, or following my tweets for the past few weeks, you may know that I'm still hell bent on trying to catch this Dead Cat Bounce on UVXY. I don't care which way the market is heading, I'm going to play 1000 shares of this ETF until it has a nice huge retrace to the upside. Anyways, went long 1000 shares right at the open and got fill at 12.75. I placed my stop at 12.49 just in-case the market makers decide to try and take out some weak hands. Also I didn't even bother to look for a profit target, just held on to this thing (UVXY) 5 minutes before the market closed (4:00p.m ET) today. Finally, UVXY did start moving to the upside late in the day, and I sold it at 13.15 for a .40 point gain.

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Trades of the day, HLF and UVXY!!!

My first trade of the day was HLF. It had gotten halted on some pretty decent news this morning, so when it started to sell off after it re-opened and knew it was just some profit taking. Once it touched 38.00 a share and started to bounce, this was going to be an easy day trade with a very good risk to reward ratio as long as I placed my stop at 37.97. So I went long 300 shares at 38.25 and sold it at 40.21 for a 1.96 point gain. Glad I didn’t decide to hold this until the close, as you can see on the picture below.

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Finally, my second trade (picture below) of the day was UVXY. I’ve been hell bent on trying to catch some type of Dead Cat Bounce with this thing for the past week, but I’ve realize this ETF is rigid. I decided to go long again today after it gapped down and was hitting more all-time lows. I’m not even going to watch any type of underlying index with UVXY anymore, it’s all about price action with this thing now. Therefore, I caught some of the bounce today, by going long 1000 shares at 14.50 this morning, and sold it at 15.05 for a .55 point gain.  If UVXY has anymore huge gap downs within the next few months, you’ll see me going long on the open, it’s automatic for now.

If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9. Thanks!

Trade of the day, UVXY!!!

So UVXY gaped down this morning when the overall market is in a somewhat overbought short-term trading trend. I had to take advantage of a quick bounce that UVXY usually does after gaping down in the morning. Went long 400 shares at 18.59 a share the second it opened at around 9:33a.m ET, and placed my stop at 18.47. It was somewhat of a gamble of where I put my stop, but looking back on Friday's chart I think it had a good support level around 18.50. Sold UVXY at 19.60 when I thought it went up too quick too fast for a 1.01 point gain. Now I'm wishing I didn't sell so soon because it ended the day going up almost another dollar by the close.
If you want to see what I might be trading during market hours and interact with me during my trading days, just follow me on stocktwits or twitter @tradermike9.