Trade Detail

hugh's TZA Trade -80.14

Trade Details

Published: Oct. 22, 2023, 4:34 p.m.

Status: CLOSED

Portfolio(s): SEP Trading Acct,

Broker: Fidelity

Asset: Stock

Symbol: TZA - View rating

Type: Long

Pattern(s): BHOD, NEWS, Parabolic Reversal,

Featured Image / Proof

Image of TradeJournal User: hugh, Symbol: TZA, Status: Closed trade

Stats

Entry CPU	Exit CPU	Fees	Max Amount	Max Cost	P&L %	P&L $	P&L With Fees
34.51	34.35	0.14	500.0	17,255.0	-0.46%	-80.00	-80.14

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Entry (Buy/Short)

Exit (Sell/Cover)

Dividend

Notes

Big up, big down on FED news. Price broke to new lows on high volume, then bounced hard of 5min 200EMA up to new highs. I bought thinking this reversal was for real, watching price break to new highs on the week. Price quickly faded on high volitility back down to 5min 100EMA, which is when I stopped out. Unfortunately, it then came back up and broke to newer highs and still continues to go in that direction. I learned that I need to avoid volitile news reactions and wait until a trend has formed.