ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[A320CA]

Very impressed with the amount of real knowledge - understanding - of how this product actually functions from Doc and Stingray. I myself do not have this deep math knowledge, even though I'm an Airline Captain!

I use this product as a small hedge - around 5,6 or 7% on this particular account, against other holdings.

I do this by GUT really. I look at upcoming news, current market strength, political fights, geo-political situations...etc. UVXY will go down even in down markets - these other guys have pointed that out with their deep understanding of the product.

I've used UXVY only 3 times this year. Build up 3-6K share positions and holding for 3-5 days.

Sold on March 8 for a loss
Sold on March 19 for a gain
Sold on Apri 5 for a gain

All said - up 5.5% on UVXY.

I feel for those who try and figure this product out on a day to day basis. It would drive me nuts!
USE SPARINGLY!!And with extreme caution!