ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[T-R1]

Yea, we all saw how you "killed" it here. Barely made a profit after being in deep red 98% of the time. And of course you sold at the perfect time to BUY LMAO.

No one is claiming to be an expert. It's just statistical fact that volatility doesn't last and UVXY decays. End of story.
Yes, there are huge spikes in volatility. Yes, perhaps the market is overdue for a big correction. So what? Who's disputing this?
And yes, some day we will see something similar to 2008 or even worse. Some day the earth will be destroyed by an asteroid too. But in the meantime, there are more low volatility days than high volatility days and this fact alone logically makes UVXY a bad hold decision.