Being Brave when others are fearful. VIX near all-time high

Continuation of my previous VIX idea. RSI just crossed 70 and Volumes show that Long Volatility is a crowded trade. I will open the position with the 50% of my idle cash so NOT All-in but not a small bet. I am sure traders can find better/higher prices, but i just don't want to lose this opportunity. SL @97.13, TP@19.28, Risk/Reward 2 as usual.
IMPORTANT NOTE: DO NOT OPEN A MARGIN POSITION with this trade or in this environment, we are in a thin liquidity market. You want to provide liquitidy for margin callers, not demand it for your margin call.
IMPORTANT NOTE: DO NOT OPEN A MARGIN POSITION with this trade or in this environment, we are in a thin liquidity market. You want to provide liquitidy for margin callers, not demand it for your margin call.
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Closed @43.17 . We are beyond our horizon 1 Month and there are great Opportunities ahead. This trade produced +39.4% profit. Combined with the previous VIX idea that closed with a loss we produced +27.07% profit on a lump sum basis. Doubling Down saved the trade!!!The important point, always have a backup plan when stuff hits the fan.
Risk Management is 60% of a successful trade.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.