Replies to post #16431 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[mannken]

Forcing anything usually is a recipe for disaster. Like trying to put a square peg in a round hole is very analogous to cramming price action into a rising wedge on negative divergences, at some point it doesn't fit into thr wedge any longer

yes uvxy is not an instrument for holding/investing, analogous to sitting in the house casino until your pockets are empty

but this dead horse wakes up every so often and runs like a thoroughbred :)

[Citrati]

I have others I trade. I do well enough in UVXY to make it worthwhile or I wouldn't do it. I knew I was likely early and said so right up front. Because I couldn't trade end of day I missed the whole .40 move which would have made it a solid trade. Also, since I knew I was early I only took a partial position and traded out of the loss for a small green total avoiding any red. I only trade for the days action. The next day, week or month I have no targets. I only trade the charts in the present day not news, guru prognostications or anything else.

Just me and my way. I always figure my risk first, then initial target, then mental stop and where I will raise the stop or exit, then position size and on down the list. Because the MM's get their information before anyone else and use AI, the realtime chart is the fastest means of reacting to whatever news is coming out.

I don't care about the whole pie or what anyone else orders for pie size. I just try to eat the size the chart and price give that day. I am always hungry, but stop feeding any time the chart says to. No system is perfect so being satisfied and disciplined is #1 for me.I want to sell to buyers and buy from sellers.

Not comprehensive, but a peek into my plan. My charts are no secret as I have posted every chart and time frame I use multiple times.
Green Trades.