Replies to post #16508 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[tmorr55]

I know...that was a serious rug pulling eod today, yikes. Just when you think it's safe, right? That is precisely why I have been keeping my position size very small...starting any entrance with 100 shrs and getting in and out many times a day. Not hitting any homeruns with this approach, but it feels like the best way to trade it and come out green consistently. Even then, there are those moments when the unexpected happens and I have to scramble to keep it green or break even, at best. Occasionally, I do cut bait, but fortunately that has been more the exception than the rule, of late. So different from how I used to trade this. No wonder I lost money trading it. I could also benefit from trading it less often and more eod after highs and lows have been established. Working on that part:-)