BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

Over 50% drop

[borrowedlife]

In a month...just fugked up...

[Steven1]

A lot of us are in the same boat. The points expressed by Mayor and others are very correct.  The question is what to do if you are too deep in Here are possible solutions 1. Sell out now. Probably not a good idea with VIX at historical lows 2. Wait for a 15-20% SP market correction. Then we may see HVU at 25+. This may be wishful thinking. 3. Sell/assess when there is a pull back. 

[toxbridge]

I agree with Steven.  The market is not foreseeing a big correction in the next two months, and it likely won't unti a catalyst emerges. However, historically August has always been a volatile one so if you are already down 30-40% now, you might as well think positively and hold it for August to see what good/bad can happen.  I rather to sell HVU at a loss, when VIX is over 20, than

[MayorRobFord]

at least hold for the next little while to see what happens. The S&P didn't make a big breakout like I would've thought. The chart is not bullish anymore, and there is room for the S&P to fall before finding larger support. I don't have the guts to get back into HVU. But it could be the right move.

[Steven1]

Well said Mayor. There are other safer ways to play this market: HSD (SP Bear) or HGU (gold miners bull)

[curiousbuild]

with any trade your first loss is your best loss.. I bought at $8.10 and stopped out at a 5% loss.. now waiting to re- enter, I may time it wrong again or not... CB