Bullboard - Stock Discussion Forum BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

Add To Watchlist

TSX:HVU - Post Discussion

BETAPRO SP500 VIX ST FTRS 2X DLY BULL > At key pivot

View:

Post by manxcan on Mar 15, 2018 11:33am

At key pivot

Support possible here at $14.45/$$14.55. Prior covered my short 12,100 shares and took small Uvxy trade below $15.60 and day low so far $15.51. DAY LOW. ALERT focus on low range support.

i have rebought over 16000 shares $15.56 to $15.64.

About spread, possible run late day up 8% to 10% off a day low. The 10% puts HVU in nice position for a week high that I think is possible Friday.

Risk management on broad market should come in to play a we close out week ahead of US Fed Reserve meeting.

Yikes $15.56 day low, should see my target to build a long at $14.45. Maybe lower, maybe not. Will now go big as reality dictates. Back to 30,000 shares long for Friday is my plan. Cheers Manx

Comment

Comment by LongGuy on Mar 15, 2018 11:40am

I guess that's US Manx? Keep telling myself I should have a US trading account.

Comment

Comment by manxcan on Mar 15, 2018 12:57pm

Yes US Uvxy. Nice dip back down to $14.60, just 9 cents off day low. I bought the support here and fully in the trade. I would reduce by 1/2 as required if backing down to day low but will not exit position. This is an overnight hold, potential exit range $16.50 to $19. $20 bonus time. Expect big price action on triple witching Friday. Manage this well. Cheers Manx ps You have ...more

Comment

Comment by LongGuy on Mar 15, 2018 1:04pm

I think we are on the same page. :-) Hope she works out for us....CND and US. Yes Manx...I remember you from trading hnu/hnd few years back. Had to think about it for a bit. Good to see you here. Nice to see that good things don't change buddy. :-)

Comment

Comment by LongGuy on Mar 15, 2018 2:21pm

Geez... got up to $23.52...my all out sell at $23.78 ...greed...kick myself in the head

Comment

Comment by LongGuy on Mar 15, 2018 2:35pm

climbing againg...sell or hold...hmmm...could go over $24 again...maybe...lol.

Comment

Comment by manxcan on Mar 15, 2018 2:48pm

Good target exit you had for day trade as we see the intraday volatility. Your miss close but ok as with the drop see price up again. Off pivot low today I see ascending price bottoms. On a price close near day market open trade is a hold overnight. So need a close HVU minimum $23.40 but prefer closer to $24.00. Look like another big day move here shortly. Gl, Mx

Comment

Comment by LongGuy on Mar 15, 2018 3:01pm

So much for that.... I'm telling you... Those MM's are watching us! lol

Comment

Comment by LongGuy on Mar 15, 2018 3:12pm

Changed my sell to $23.48....seen it rise...changed my sell to $23.98....VIX drops. Got greedy again....not good...just burned me...I should know better. :-/

Comment

BETAPRO SP500 VIX ST FTRS 2X DLY BULL