RE:RE:See you at 6.6 to 7 this week.You’re right I did trade badly and got left holding the bag. Who knew 10 was an unreasonable level to expect from the year to date chart when it was still at 52 week low of 9 and oil was going to 40 fast. I did have HVI for a few days after the Brexit fiasco but even though HVU plunged 20% on the second day and more in the days after, HVI only went up like maybe 5-7% over 3 full days so sold it and switched to HVU when it got to 9. But then it went even lower to 8.5 at end of that day, and gapped fown to 8 the next, and hit the 5 handle two weeks later. Very unfair when VIX was mostly flat. This thing doesn’t track VIX well at all and with compounding and contango or whatever else 99% chance anyone would lose huge money holding it for days or weeks. I’ll get out when I can get near 6.8 and might day trade HVI two hours before market close since noticed VIX always collapses in the last hour, from the peak two or three hours before. Or might just take the loss, cash out, and be back in late August in oil stocks when oil is back near 30. But holding this HVU junk is guaranteed to lose money until then. If all people do is short it as its value drifts lower over time then it is a scam instrument that just traps retail investors and destroys their capital. I’ve never seen an instrument totally collapse in price within the same day on what should be a big up day otherwise by the end. If there is ever some crazy spike to 16 or 18 again you bet I’ll go all in on the inverse. The inverse seems like you can hold for a while without losing big every day. Why no 2x inverse? Once again HVU is scammy. Get out while you still can. Can’t short with cash account otherwise that would be a great idea every day from the middle of the day to end of day.