Bigworld, Looking at potential strategies, over the years you have been best at identifying long term macro trends that play out over years (4th Turning, debt bomb, etc). That's been your big $ making approach, with the metals, etc, and being LT oriented and stubborn has been an advantage.
But short term trading is an entirely different realm, where stubborness is a disadvantage. UVXY is for shorter term strategies, a few weeks, maybe a month. You can be 100% correct about the longer term outlook, but lose a ton by using a short term vehicle that requires nimble trading. Anyway, just my 2 cents, but I would stick to longer term bearish vehicles like cash, metals, etc.
Vix plays are not LT buy/hold because of the contango erosion. Look at the 1,2,3 year charts - straight downhill year after year. Trying to catch the occasional spike is not a buy / hold proposition, but a quick / nimble in and out. I know you aren't going to listen, but spare yourself the losses. Retirement is not the time to be risking large sums. 5000-10000 shares of UVXY is 90-180 K -- a ton of money. I lost a lot back in the day, and can see you heading in a similar direction, averaging down on losing bets, etc. I'd stick to a LT vehicle --> more metals, additional real estate, rather than the casino stuff like UVXY.
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