VelocityShares Daily 2x VIX ST ETN (TVIX)

[maybe smart]

I held onto to this fund for a long position since early April. I would just say stay with what the trend is. In April the S&P broke its 1400 average. The trend changed so I bought. Nothing has changed since then. Even after it climbed above 1400 briefly, trend still intact. The trend is still downward even if the market spikes next week. I also do not sell or buy my stock all at once. I like to sell a part of a position after a run up, then I have the option of buying back in when it turns.