new investor to HVU (the next victim?)
Hi Everyone, I'm just looking to get a bit more familiar about HVU before I start trading. So far, this is what I understand: -generally if S&P 500 goes down, HVU goes up -2x leveraged; even if markets go sideways for a while, I'll lose money -tracks the VIX short term futures index -be careful on option expiry dates, since this creates more volatility and HVU goes up temporarily? (not too sure on this one) Is there anything else I should be aware of before trading? Also, can someone clarify what "witching hour" means? Thanks in advance.