|From: PornStarTrader (Rep: 1634) reply to jleeb13890||Date: 03/12/2016 22:47|
|Forum: Wall Street Pit - Msg #2604383 - List SDS msgs ||Thread #673824355 (Rec: 0) |
|Re: Long SDS at $19.70 (20% of account)|
If the market runs out of steam and just does a slow and steady down trend then TVIX and UVXY will get crushed. You need Volatility , fear and panic for TVIX and UVXY to make money.
"Buy Fear and Sell Euphoria" "Price is the Ultimate EQUALIZER""Being right too soon is another way of being wrong"
| Reply to jleeb13890 - Msg #2604364 - 03/12/2016 17:18|
Re: Long SDS at $19.70 (20% of account)
Ninja, I'm still a little confused on this play... You're a good trader, do you have any thoughts on this?
Looking at the charts of both SDS and UVXY... From August 18th to the 24th SDS went from $20.16 to $25.60, UVXY went from $25.81 to $73.69 and then topped off at $91.25 on Sept 1st. Am I missing something? UVXY is within only $4 of 52wk lows, but the upside seems massive in comparison.
Whenever I'm short the market I have been turning to UVXY over the last year. Rode it's coattails in August, but only caught part of the move. Ever since then this is my go-to stock to short the market. Currently I am short the market and have been trading UVXY a lot lately. I put on more size (1,000 shrs, a lot for me) Thursday and Friday, and am holding over the weekend. I could see the market running a little more next week, but IMO it is low on gas. I am prepared to add another 1,000 to 1,500 shrs next week, and when the market looks like its topping off I will be in another 1,000. IMO this WILL be a huge money maker when the market runs out of steam. I rode this from $28 to $45 in less than two weeks from the end of Dec to Jan 11. And then again from $40 to high $50's from end of Jan. to Feb 12.
Any thoughts on this would be appreciated, enjoy your Saturday afternoon.
|NOTE: This message has been revised 1 time. Read original version of this message.|
TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.