Just this little market slip made UVIX jump .50+, imagine a real dump out...so let's say market does a MONSTER dip with day after day dips...if UVIX breaks $81 on a major correction, it's equivalent to my whole account value...in other words, even if everything I hold is worthless, my account still stays right where it's at now...this is exactly what I'm after...
some may scoff, pfffft, $81, but last correction in April took it to $105
I can hold my stocks/calls and be aggressive buyer until I see a real correction...until then I stick on bullish side, ride it up, but keep that safety net 5' under me as we walk the tightrope market 1,000 floors above the pavement below ;)
safety net was 30' before add today, so I'm liking tighter closer net here ;)
stocks/calls gained +15% since last week, bummer I have to hold hedge at all...but it can all come crashing down in an instant & that's what I fully expect at some point jmho
My hackles started rising last evening...I felt euphoric, that's my signal to get bearish again lol
"Be the Chased, not the Chasee"
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