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Forum - Wall Street Pit (ProShares UltraShort S&P500 - SDS)    Stock Due Diligence for All

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From: PornStarTrader (Rep: 1634) reply to jleeb13890Date: 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.
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