VelocityShares Daily 2x VIX ST ETN (TVIX)

[leopard messiah]

Here's my play. Betting on a significant market correction in fairly near term. While the big move off the very low bottom made sense, it was too big imho. The idea we're marching right back to ATHs in the face of economic devastation is highly suspect.

Started a small position at 153 earlier in week. If we sell off here, I'll make a reasonable amount of profit and consider buying more on way up depending on circumstantial clarity.

If market keeps driving higher, I'll average down and just wait for what I believe is inevitable.

Oh well, plans are a dime a dozen, so I might as well come up with one! Would love to catch the next 50% or more move here.

Best of luck to all.