Nov 25 Intraday Trading

Today I shall demo how I use my plan to do my trading:

The S&P 500 touched 1,169.94 @~9:45. Bought TZA at $37.71
The S&P 500 touched 1,172.50 @~10:20. Bought TZA at $37.35
The S&P 500 touched 1,168.82 @~11:04. Sold all TZA at $38.00

— Plan updated. Previously estimated day high was 1,166. Actual day high (as of now)  was 1,172.66. Thus today close could be higher (for plan A) which would be 1,172.66 – 8 (1,166 -1,158) = 1,164.66. I will use it to update my transaction values —

The S&P 500 touched 1,170.75 @~11:14. Bought TZA at $37.75
The S&P 500 touched 1,168.80 @~11:30. Sold all TZA at $38.00

The S&P 500 touched 1,170.00 @~11:34. Bought TZA at $37.80
The S&P 500 touched 1,163.85 @~12:00. Stop loss for all TZA kicked in at $38.75  – being defensive here…

The S&P 500 touched 1,161.07 @~12:18. Bought TNA at $34.01
The S&P 500 touched 1,164.17 @~12:36. Sold all TNA at $34.32

That is it for today! I rebought TNA at $33.91. Although today closed in red, it showed some bulls strength. I expect a bear flag to be formed on Monday before the S&P 500 goes south further.

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