Mining Sector Ideas

[gfp927z]

Bigworld, >>I don't see it dropping below $16 <<

What is your time frame for holding UVXY? If it's anything longer than a month, or at most two, the risks are extreme due to the erosion problem. Look at the chart --> a relentless down, down, down, with periodic spikes up. What you are trying to do is predict the spikes, but the penalty for being wrong is major. You have a LT buy / hold mindset, but are using a short term trading vehicle. Short term trading success requires being nimble, not being stubborn. I would do some paper trades before shelling out almost 200 K for a ultra high risk trade. I know you won't listen, but I wouldn't be a friend if I didn't try to warn you.



---