Replies to post #10887 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[stocktrademan]

So what is your target sell ?

I get this question more than once in a while, my reply is that:

I don't have a particular selling price in mind really... Normally I just watch the chart for signs of bearishness otherwise keep it on. Once there is some progress I can move my stop to my breakeven. At that point the trade has no risk so the pressure's off to let it work and uptrend with nothing to lose.