UVXY why is it down

if it gets up to +200/250 profits
well, I guess I will be taking profits even though its before the Jackson Hole Conference in late Aug

anyway, did anyone follow my trade? It was money in the pocket to begin with......

probabaly the best medium term trade Ive ever taken

blackguard
 
looks like it has drifted back to a consolidation- which was to be expected as it went from 1550 or so to 1709 pretty much in a straight line

so. the breakout above 1700 was a head fake and between now and aug 28/9 we may have another one- if another breakout happens it should be the real deal

current position is +about 140 points
I will be holding until Aug 28/9 or I will cash out once profits of 200+ are achieved

blackguard
 
another trade: this one is for 50 trading days plus what is left of today (closing date is nov 20)

long ZB approx rate 3.86% quote 129.437
this is the Dec contract

blackguard
 
off to a good start- up about 7% points as we speak

if it gets to 50+ before Nov 20 I will close it, not going to let a big winner turn into a so so winner like last time

blackguard
 
2 scenarios and I will close the trade.

1) 30 yr yield gets to 3.25%
2) Nov 20

price or time will dictate what I do next

blackguard
 
17 trading days left and the trade looks mighty good

3.86 when I opened and now we are around 3.60
26 percentage points in the bag and looking for a break below 3.50

no drawdown in this one either by the way

blackguard
 
the position will be closed out this Wed at 3PM EST

right now its up about a point- no loss, no drawdown

long term SPX target of 2000 mentioned months ago is still intact- so buy the dips/pullbacks on that one...

blackguard
 
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