Replies to post #6196 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[ArtieB]

I agree. I think what he's asking is whether this will hedge against a market correction or crash. And it will. Why? Increased volatility.

But, yes. Holding during times of lower volatility is disastrous.

VC

[deadjim]

Agree. The only time you should sit on it is when you're riding a winner. When momentum kicks in on this it doesn't look back at least for a day or two. Those big multi-week spikes are hard to time unless you're constantly protecting your entry