RE:RE:RE:Dangerous chasingMeant when market futures are bullish throughout day vert difficult to trade long on UVXY type product. Runs occur, which we do chase after, but the darn trade % spread is kept tight by MM and it so quickly continues downtrend.
Saw today was that kind of day. I tried one trade on UVXy after being patient for 2 hours. No sooner a bounce I chase up from downtrend, the move halts, starts back.
I sell a decent size position, after commission I was in profit today. Don’t get excited, I closed the day with positive $14. Fed up, called it a day.
Ps 12 US warships heading to gulf. What is mind bending is seeing UVXY up 20% come Monday. At least there, lol, we will be chasing a positive verses negative trend.
Longguy we both know VIX toughtest Trade unless absolute market concern in place. Today, earnings, no apparent daily concern.
Enjoy weekend, Cheers Manxcan