The Super Terrific Happy Hour

Crushed UVXY too, logic was simple enough i didnt think wed melt down into the weekend after that move, so if ES cant go down UVXY HAS to go down, this was a pretty epic/scary trade.

Ive said it in here a million times, i think those triple leveraged volatlity instruments lik UVXY and TVIX are the best free money shorts in histyory, but then on top of it i thought i knew what was happening on the ES, guess i was right. :D

uvxy.PNG
 
Max E. said:
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Ive said it in here a million times...
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I call bollocks. You have said it a million times? That's a LOT of times in 12,000 posts. That averages it to ~83 times per post. All lies!

Lol, sorry, just being silly.
 
Overnight said:
I call bollocks. You have said it a million times? That's a LOT of times in 12,000 posts. That averages it to ~83 times per post. All lies!

Lol, sorry, just being silly.
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LOL, you got me, maybe only 11999 times. :D

but here it is again just to let people know where i stand, UVXY doesnt ever move up for more than a couple days, and other than that its in a perpetual grind to zero.

Here is a 6 month chart, how often do you see it go further than this?

uvxy.PNG



Whats more telling than a 6 month chart though is a 2 year chart on UVXY, this thing is just in a non stop race to zero, and it just reverse splits to keep itself from getting there.

on a 2 year split adjusted basis supposedly UVXY was 9000 bucks a share a couple years ago, lol, if you go out even further the picture becomes even clearer. Anytime you get a chance to short these its free money, you should never even entertain the thought of going long something that decays at the speed that TVIX and UVXY do if you just give them time.

uvxy.PNG
 
gold and GOLD are starting to do what I hope, but until GC can break down through 1270 I would consider this a countertrend scalp (for a swingtrader) position. Beyond 1270 I would like to keep the trade for a few days+. I feel the same way on the indexes. If one was bearish (I'm not) now would be the time to short the indexes.
 
Max E. said:
Didnt do anything today, went to the lake this weekend, and was still feeling a little rough, UVXY -22.5% lol wish i had held on too the position from friday. :)
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Yup and IMO the chance of nuclear war is no different from what it was during the drop last week. The rational investor is a theoretical creature that does not exist.

I had semiconductors ID'd as the strongest sector last week, at least of the volatile sectors that I track. I should have bought one...

I'm liking my GOLD position more, I see improving numbers in the sector and stock to support my position. ALLE behaved well for an up day, I'll give it some more time. If SQ has a good day tomorrow it will be the first time I have it as a buy on my spreadsheets for a short term trade. I may add to my long term position for a swing trade.
 
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