Elite Swing Trades

[SwingKing]

Good luck to you as well. Remember what I said about TVIX and UVXY, these are nothing more than flips at the moment. A good play yesterday could have gotten close to 15% on a 30 point drop. I also believe it's time to start watching closer and playing the short side more often. I've been long XIV on and off since $26 and plan on continuing a little longer but NOTHING goes up forever and it's always the top or bottom where bulls and bears seem to gather the most confidence and conviction while letting profits slip away. Hell I've been calling for 2150 for the longest, I was calling for 2150 at 1900 and there were several that though I was crazy but it doesn't seem all that crazy now. So when I call for lets say a 20-30% correction and everyone thinks SK hit his head again I'd seriously consider switching plays with TVIX and UVXY as the long term holds and XIV as the short term flip. Last year XIV lost 55% in a month on a 10% market correction, can you imagine what would happen with a 20% correction. At the same time TVIX gained 250% on the very same 10% correction. That's the thing with these 2x and 3x leveraged EFT's, as long as you're winning it's great but as soon it goes against you it can eat up your profits very very quickly. I understand the whole contango and backwardation process going on here but anyone looking at the chart thinking it can't change very very quickly is badly mistaken. I'm not saying this to try and scare anyone or anything like that. All I'm saying is you should never think that things can't change and can't change dramatically because they do and they do often.