Replies to post #2518 on ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[gixxer11]

Damn missed shorting that pop grrr - that the last time I go to get a glass of water

[eric4x]

New limits set, sell $8, buy $6.*

I was all set to get $8 for all of it.*

#2501 Sell limit set for $8, UVXY.* eric4x 04/15/13 02:40:50 AM

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86832753

There were things I had to do Monday, so I couldn't spend time watching the market. But I did spend a few minutes cheating myself out of some windfall profits. I saw the price around $7, so I sold half with a market order.*

I was in a hurry, so I didn't bother to reset the sell limit for the other half. Now I'm stuck with the other half, riding it down all the way. I wouldn't have minded so much, if only it hadn't gone up so far. The only reason to hold half is just in case it shoots up suddenly; which it did, but I missed it.*

To repeat the point, I would have got $8 for all of it, if only I hadn't panicked and changed my sell limit. I was right, before I was wrong.*

On the plus side, at least I don't have to worry about survivor's guilt or Schadenfreude.*

So now, UVXY has gone above $8 TWICE when it was not expected to do that. So, maybe the third time's the charm?*