Ironfist's UVXY journal with demo account
- Thread starter IronFist
- Start date
They go in opposite direction. You need to short UVXY to bet on dropping VIX, while you’d buy SVXY or SVIX to make similar bet. It’s for people who don’t have margin to short or sell calls on UVXY, so instead they can buy SVXY or SVIX, or buy calls on them. UVXY and SVXY have lower leverage than UVIX and SVIX.
Though I thought you know all this inside-out when starting a journal, and I thought we’re having an educated discussion. You really need to do extensive research, also Google Volmageddon, and make further decisions on any of this.
Though I thought you know all this inside-out when starting a journal, and I thought we’re having an educated discussion. You really need to do extensive research, also Google Volmageddon, and make further decisions on any of this.
uvxy always pivots near 52 week low (currently 8.71) which is what it's near right now, at 9.81.... it drops for up to a few weeks, then pops up... we're closer imho to a pop than much more drop, eg it will often dip .30 below current 52wlo to shake out, then skyrockets up.
likely next move is, it drops to 8.4 or so within a week, then climbs back up to 12+ by late nov.
8.30 major support, 11 resistance:
likely next move is, it drops to 8.4 or so within a week, then climbs back up to 12+ by late nov.
8.30 major support, 11 resistance:
Seems like it's always making new lows to me, and then reverse splitting as it gets lower.
no, it hasnt reverse split in a very long time (may 2021 https://www.proshares.com/press-releases/proshares-announces-etf-share-splits-51121 ), its volatility spikes 
the trick when swing trading it is to use trailing stop once it spikes, during rollover near top (eg i sold tvix 940 once it got close to 1k)
the trick when swing trading it is to use trailing stop once it spikes, during rollover near top (eg i sold tvix 940 once it got close to 1k)
