$VIRT - HTF's doing just fine - Undoubtedly, the HFT world is making a killing with the recent volatility. I've been a longtime investor in VIRT, but just watching this go up feels a bit sickening.
VIRT trade ideas
VIRT $1k lossOn Thursday just before the close (the red ellipse) I decided to give going short a try just to see how it is to hold an overnight short position and how the Fidelity website handles it. Continued putting on a short position on Friday morning up to 4k shares because it seemed like the liquidity on the buy side that I could see on the book was weak and fragile, plus the momentum seemed to be on my side. Unfortunately it seems that there turned out to be a pretty solid support level there and the liquidity quickly firmed up, so I ended up having to cut my losses for a $1k loss. Live and learn I suppose; giving $1k back after $20k profits is acceptable but it does seem that I need to be more careful. Since I haven't had any successes making money going short so far, I'll limit my short positions to less than 1k shares until I have a better idea of what I'm doing. When I go long, things are much easier because it matches my fundamentals based long disposition, and I've consistently made money that way.
VIRT intraday noteMade another $5k or so for $20k between Friday and today, using a basic tape reading market making strategy. Highly recommended for this stock. I'm flat again because I don't see any way to tell which way the stock is going from the $16.50 level. (But then again I'm just a beginner, maybe there is a way using TA that I don't know).
Everything went better than expected pt 2Got my account fully un-restricted today, and had a fantastic trading day in which I started flat, made about $15k, and then ended flat. I'm not sure what to expect on Monday but I have a feeling that the longs are overextended so there might be a substantial price drop. However I'm not going to prejudge that and I'll wait to see where the stock opens before I open up a new position. Happy Friday everyone :)
Everything went better than expectedAs you can maybe see, the recent price action has actually been matching my TA lines pretty well (and it's not me, because my account is still restricted from buying, I suppose until I unwind my long margin position and rewind it back through my cash account, if that makes sense). I adjusted my upward diagonal line to match the price action, but please note that the line is actually made of grains of salt
Updated VIRT meme linesSome of the recent price action has been directly caused by my working into a position from my retail brokerage account (working my cost basis down), but one thing I'd point out is that since I started trading the liquidity has thickened up from something like 5-10 price increments wide with 100 - 200 shares on the best bid and offer to a point where it's usually 1 price increment wide by 10 am with thousands of shares on the BBO. I intend to continue accumulating shares gradually over the next year or so.
This week I got gently liquidated by Fidelity so many times that I was unable to buy any more shares since Tuesday, but I should be back and ready for action sometime this week. Still in profit in my account, but only small profits so far (a few thousand $$)
VIRT - get your bodies ready, cause mine sure isMy previous idea got flagged for advertising because I directly linked some south park stuff, so I'm reposting it with the BTCUSD chart also added. Have a very excellent Tuesday everyone :)
VIRT/ES1!I ended up closing out my margin long position for a nice profit, but I'm having too good a time trading to do out the numbers
VIRT/ES1!For the sake of full disclosure, I took on a small leveraged long position today, around $100k worth. We'll see how it goes this week.
VIRT/ES1!Ended up taking a small loss today (on the order of $100 or so I think), but the more important thing is whether I managed to avoid the pattern day trader designation. Fingers crossed, and I'll probably find out one way or the other from Fidelity next week.
VIRT/ES1!Made a few bucks (literally like $10-$15 or something) market making this morning, but I'm avoiding using up any more cash buying power until my pattern day trader warning has gone away. Who knew market making could be so complicated, amirite?
The good news is that I made money on every single individual trade, so my PNL was strictly positive at all times today.
I'm marking this as "neutral" not because I'm any less long than before, but just because my trading activity this morning was 100% market neutral.
VIRT, with ES1! for contextI've been making a market in VIRT (unhedged, long) over the past couple of days.
Current (unsettled) position: 31,800 shares
Current cost basis: $16.59
Dollar value: $525,600
VIRT/ES1! wider angle view, including my meme linesMaking even more money this morning, but got a small margin call that I just handled and also got a pattern day trader warning. Is this a new record for the shortest amount of time between getting margin enabled and getting both of those at once?
VIRT vs ES1! with 15 min candlesI was buying more VIRT intraday today. Up to around 0.95%, believe it or not
VIRT meme lines 3I need to get into one of my other brokerage accounts that I don't have access to right at the moment, but I think this is more correct than my meme lines 2 idea, based on when I initially did that first trade on VIRT stock
VIRT meme linesIt's going to go sideways for a while, then eventually up, slowly or quickly, I dunno
I own literally 0.575% of this shit already. If you're getting in, get in now or later or whenever
Ascending Triangle. 5% near-term gain, 18% long-term.$VIRT is continuing to form a nice ascending triangle pattern on the daily. A breakout of this pattern could lead to a near-term 5% gain at the next resistance line from previous breakouts. Longer-term a gain of 18% to the next resistance level around $30 is possible.
$Virt21 avg, 24.8 sl. Couple Mile Stones- 50/200d crossover test+ low support wedge test+ Ich Cloud test.
$VIRT: Long for exposure to Vol.Great company. Great management. Concentrated institutions increasing their exposure.
Note: Great hedge to have exposure to volatility.
