Wednesday, January 04, 2017 11:08:23 AM
So it's just another proof that it's simply moronic to hold UVXY and yet is makes sense to buy and hold SVXY when everyone's screaming "the world is gonna end". And even right now it makes sense to hold it (look at vixcentral data) BUT you gotta be nimble and watch it carefully because there's little room for mistakes when volatility is that low.
I'm so pissed off I sold my $40-42 positions SVXY (all the way into $70s I believe). I kept telling myself not to freak out and let it ride since I'm already so high and can't lose it all in one day. But still I was playing too safe.
Anyway, it's all great lessons and "confirmations" that I will absolutely use in the future.
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