ProShares Trust Ultra VIX Short Term Futures ETFArca
Description
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Yeah, that's right. Brrrring it.
Well, the thing is, that I am not rich. But, I think I understand charts quite well.
I have been eying this one for a while. I even had written the buy zone.
Knowing my impatient self, I bought it earlier once. The second time around, the price plunged into the zone I was supposed to buy at.
Patience in trading is very important.
Lesson learned, I suppose? But FOMO is irresistible, I know.
I don't like gambling either. This bet seems like gambling but it's not. I am up right now, with an entry of 12.11. ENTRY: 12.11 EXIT: 17.30 - December 2, 2020
Oh and HTZ? Yeah, of course, that's a quick little roulette gamble, that I am sure will pay off nicely too.
Anyway, I got a book coming out, assuming that my prediction is right or not called "Homeless in Africa," make sure to check it out.
For those more conservative to this idea, anything significant below the yellow line is a great exit point.
If you made money from this tip, hats off, that means I did too! Please tip the man with the idea. (I got many more don't worry.)
Comment
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There was another buying opportunity at the bottom of the yellow line at 12.20. We are ready for the rocket ride.
Comment
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Breakout confirmed: Next stop 13.42! What a session it has been. A few buying opportunities presented themselves at 12.20.
Take a look at the DOW and the Dow Jones Transportation indices, they look absolutely brutal; a major reversal is taking place. Looks like this week was the peak in the stock markets!
12.11 is a good deal for me but I fired f**g too early as you said, impatient. XD
Now I can only get tiny bit of Dec calls lol. GL!
Princepersia1
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@piscitear, Good luck to you too! It's coming down to the wire.
One-World
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@Princepersia1, thx, one thing i feel wired is that TSLA was added to SP500. That's a really volatile stock and it'll take a lot of weight. The future is more unstable now.
pureplanet
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December 2nd is another two days .... hope you are right, today started well for UVXY but something lowered it again .. It seems to me that the direction of marketing is declining to be positive ...
Princepersia1
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@pureplanet, yeah I am still skeptical of this "bull market" beginning at the top of the market. Although, my target is unlikely to hit. HTZ was a big hit though! HTZ, I think has a fair value of $2.7, so no matter what, anything below that price is a buy.
The VIX and the UVXY seem to be disconnected, probably because a lot of people are shorting the UVXY now. Every time we have a small spike in UVXY, it gets pummeled hard to the downside. I am still bearish for the short term and will wait for a pullback starting next week. Maybe the lunar eclipse will bring out some crazies in the market?
MaximilianVon
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You OK?
Princepersia1
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@haustportelance, yeah still in it! Waiting for a break above 12.40.
@haustportelance, Well I actually hope that the market could close right now for the week. Take a look at the weekly charts for the DOW. It's extremely bearish!
Now I can only get tiny bit of Dec calls lol. GL!