RE:My Patient EntryOn trade 7 and all odd number trades are a short position. This for reference was done on a spike past my last long exit. For reference To HVU my short occurred as HVU drops below $29. This may be the strong drop GS uses to push down price on Etf HVU and UVXY. I could have taken exit and covered as you saw $28.05 but think think is going much lower.
You see HVU $27.60 give ot take I cover short. From there I will expect to fade in low share position and if it reaches as low as $26.50 with support rises in price I take a pretty big position between $300,000 - $400,000 so as to hold approx 20,000 shs.
On this business I take trading very serious, whether VIX, Natural Gas, Oil or Gold ETF trades. Build good rules, accept errors, exit errors quickly. Be patient.
Those se are my rules. Cheers Manxcan typing and watching the HVU drop.