ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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Nothing flashy here, I stuck this on in my watch list a while back just in case we did get another covid dip, and since its looking like a good possibility, I expect another panic sell, and this is a good one to make a quick profit during the gloomy time.
Also here is my market outlook I charted today.
Comment
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I manage to pull a pretty nice profit today and yesterday. It was actually my only trade I took in this speculation area. Unless we get some big news over the weekend id use caution even attempting this till the next major resistance. And only trade it if you are experienced with it. It's a handy tool to have in your tool box, but make sure you understand how it works before trying to operate it.
Really need to see tomorrow's pull back, But I will be hold all the way to 57$
DanielBeasley
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@Therealmoe, oh yes for sure. Make no mistake the uvxy is not for novice speculative traders. I wasn't trying to tell people to buy the it, just to put in their tool bag just in case. But yes seeing how the market reacts today will be interesting and will tell us our future outlook on life hopefully. Possible that we get sluggish and have to wait till next we to find out. Time will tell.