hugh's TZA Trade $-80.14

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Trade Details
Published: Oct 22, 2023
Status: Closed
Broker: Fidelity
Asset: Stock
Symbol: TZA
Type: Long
Performance Metrics
Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $
34.51 34.35 $0.14 500.0 $17,255.00 -0.46% $-80.14
Transactions
2 entries
Date Side Amount Price Commission Reg Fee
Oct 19, 2023 12:35:00 Entry 500.0 $34.51 $0.00 $0.00
Oct 19, 2023 12:45:00 Exit 500.0 $34.35 $0.14 $0.00
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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. 




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