I have been at this for a year and a half, but I'm still just a beginner with a small account. I keep adding new money, and then losing it. The level of loss is tolerable, and justifiable as the cost of learning how to trade. I have to believe that this would be incredibly easy with a big account, but I know from experience that I have a knack for choosing wrong and losing money. Better for me to start small, and just put up with the struggle.*
What I would think of doing is to find a trading range, and just play that up and down. For example, if you could buy at $18.10 and sell at $18.60, and just keep doing that. But it depends how much money you can put on the trade, and how small of a profit you can be satisfied with.*
I have been playing UVXY mostly, in anticipation of a big market drop like we had two years ago with the debt limit crisis. This year, the crisis might come a little bit later, but I am expecting a sort of "crash" by October. When I get tired of losing money on UVXY, then I go over to XIV to lose some money there. The thing is that XIV and SVXY are considered the "responsible" choices, because it is mathematically probably that the market tends to go up, rather than down.*
The reason I am so "irresponsible" sometimes is because I get burned whenever I try to do the "responsible" thing.*
All I can say is that, the more money you have in the trading account, the more ways you can play it. Buy either way, when it's down and heading up. Sell either way, when it's up and heading down.*
But right now, I have to worry about trading fees and settlement dates. So I have to learn first how to spot the trends, and make good guesses.*
Lately, I have been trying to make decisions based on the VIX to VXV ratio chart:
When I go to this page, it fills my wide screen at 250%, (control at the lower right corner).*
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