Trade Detail

huynguyen5's UVXY Trade 449.98

The first transaction is an (Entry). Please switch trade type to be Long or swith all transaction types.

Trade Details

Published: June 22, 2023, 7:05 p.m.

Status: CLOSED

Portfolio(s): Fidelity Individual Brokerage,

Broker: Fidelity

Asset: Stock

Symbol: UVXY - View rating

Type: Short

Pattern(s): Bear ,

Featured Image / Proof

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Stats

Entry CPU	Exit CPU	Fees	Max Amount	Max Cost	P&L %	P&L $	P&L With Fees
-2.0	-1.55	0.02	1,000.0	-1,550.0	0.00%	450.00	449.98

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Notes

06/22/2023 sell short UVXY $2/share 1000 shares $2000 - $0.02 fee = $1999.98
06/23/2023 UVXY reverse stock split 1 for 10, so 1000 shares / 10 = 100 shares
I plan to sell short 1000 shares of UVXY. If the UVXY goes down $1 then my account has a positive $1000.
Then I will sell short another 500 UVXY shares or 1000 UVXY shares for day trade or swing trade.
But I always keep a minimum of 1000 UVXY short shares in my Fidelity regular account.
08/29/2023 buy to cover UVXY $15.50/share 100 shares $1550 or I change to 1000 shares $1.55/share $1550
Profit: $1999.98 - $1550 = $449.98