ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[eric4x]

Maybe sell now, and buy back lower?*

Obviously, I missed a big one. I was waiting for 35 to buy, and I should have bought about 35.60 where I saw it after it bounced. I could have easily got my expected 1.75 per share. So I don't know that much, or else I would have done it.

But still, I hope you keep an open mind to the possibility of selling today at the best market price you can get, and try to buy back in the 35s. Maybe sell half and hold half, to spread out the risk.*

Of course it could keep going up, but these things have a way of reversing overnight. I'd say it's better to sell for 40 than to get stuck when it goes down again. If you don't want to accept market price right now, then maybe a stop loss if a downturn becomes obvious.*

But remember that a stop-loss won't help you with an overnight drop.*