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Re: Globaltrnr post# 3849

Thursday, 06/27/2013 11:38:56 AM

Thursday, June 27, 2013 11:38:56 AM

Post# of 29818
Like I said, SVXY is like a broken ATM for me (someone who can't watch/trade all day long).

I buy it in multiple batches when UVXY is spiking hard. I can't time it perfectly so I start buying when UVXY is up about 15% for one day (obviously it's not black/white like that and I adjust based on circumstances). As UVXY keeps going up, I just average down on SVXY.

This has worked for me every single time so far (I already lost count how many trades I've made over the last few years... XIV before SVXY). Haven't lost a penny on it.
I was even stuck in XIV when it went from $10 to $5 few years ago. I just averaged down to $8 and waited it out. This is how volatility works, it's a proven fact no one can dispute.

VOLATILITY DOES NOT LAST