ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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Sorry to leave you guys hangin!
Felt like my UVXY shitposting was ultimately doing more harm than good.
I was thinking far to linearly with my predictions and have simplified my buy in and cash out ranges. Gonna trust my indicators and RSI more too in conjunction with this.
If you were following along the past couple months while I was hammering this thing out we had two great buy in opps at 19 late August that led to 32 max cash out opp and then my buy in call around 19 again was a bit aggressive as we fell to 16 but still there was a few days to exit over 20 with 23 max potential.
Name of the game now: 1. Sell over core Decay Trend (magenta), buy under Decay Trend 2. Sell liberally, buy conservatively 3. Exit 100% of position before falling below Decay Trend 4. Enter in small chunks and buy on the way up to Decay Trend
Hope this proves to be a bit more more clear, simple and effective.
There was always the $13 gap fill possibility. Keep charting man love the updates!
ProfitHarvest
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@yupyupyup, yup, @BoneFunkenstein called it months ago. Next week should bring some certainty to all this.
horacejunior
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Lolz I rentered my position at close Friday. Right as it crossed the decay line haha. Either way, this is extremely oversold. And 10 is its all time low. So there’s not much lower it can go. Well, I mean, there is lol. But given the economic climate, the political climate, this is feeling extremely strange that it would retest that low. Almost like folks are driving it down to load the fuck up. I mean, I’m pretty much always wrong. But at this point, looking across markets, this is the only thing with significant upside. Something just doesn’t add up and my radar is on
ProfitHarvest
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@horacejunior, next week is a critical bull v bear case test, we should have some certainty.
Quick melt ups can be followed by quick meltdowns, good time to risk the decay tax for some
Crash Insurance.
horacejunior
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@ProfitHarvest, yeah just 100 shares nbd. I’m sort of over trading at this point. It’s been that exhausting
pureplanet
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Do not despair, the Fed is stronger than any logic and the sharks will always do the opposite on the opposite logic, on a day when everyone will feel that everything is good and quiet and the market is stable it will rise again and it can happen soon. Both I and all my friends who are a bit with investing were sure that UVXY would fly up. The whole world is on stage and we are the actors. keep in good health and uplifted mood.
z3m25
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I agree with your assessment, I've made some serious money with your chart, but I also used a trailing stop....which I never do and it's worked like a charm as it often times spikes and falls on the same day when it's reached it's peak. UVXY also doesn't usually "zig-zag" much as most stocks do, when it has a huge spike up, it just goes up over the course of several days. I also increase my trailing stop as we go up to maximize the potential. It really has worked like a charm, sometimes I miss out on the full ride, but I'm ok with a 5 or 10% gain on a 1% downside risk and I've had 20%+ gains twice.
Peterson
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Trump will pop that UVXY , he's a sociopath , vengeful , and vindictive , he'll find a way to stick it to all of us in the next several weeks , his Swansong to us all .
ProfitHarvest
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@Peterson, yea that’s one of the higher chance catalysts. People are wildly overestimating The strength of peaceful transition of power norms to keep Trump in line.
Peterson
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@ProfitHarvest, It may be a lame duck period but I would put nothing past his self-serving nefarious personality characteristics . Disclaimer : Don't get me wrong , although I'm cutting on Trump , politics by it's very nature attracts high functioning ( not necessarily intelligent )
sociopaths .