VIX Volatility Adventures: UVXY revisited

[Tradex]

Always scale in

Mr Calhoun. as far as trend-following is concerned, this is by far THE most important money management element!

The trader must test the market with a small/tiny position and IF the market moves the right way then he can trail the move, and play with the house's money so to speak.

Excellent post.

 

[KCalhoun]

Right re russ see SRTY/TZA. I trade SQQQ when nas drops. Good point R:R getting interesting especially re VIX etns since VIX is like a compressed spring and will certainly go back up sometime.

Yes re trailing stops especially critical for UVXY bc sharp moves

 

[KCalhoun]

15apr

 

[KCalhoun]

bought 400 eod

 

[KCalhoun]

I'll scale up UVXY etc tomorrow if they keep going up. I'm long roughly just $6k worth of inverses UVXY SQQQ SRTY SOXS etc tiny for now

 

[KCalhoun]

nice uvxy chart! buying more l8er

 

[easymon1]

 

[KCalhoun]

I'll eat a bug if VIX stays under 20 and uvxy doesn't crack 6 by this time next week, lol.

 

[KCalhoun]

buying uvxy if it bounces today

 

[KCalhoun]

nice gap up uvxy; im long 800 shares overnight, will start selling premkt if it drops under 4.75; will scale in over 5