There is no doubt you lost money trading these etfs the last 6 weeks, so I don't think you should get super happy to make $1300 on a 5% drop day. Your thesis that we will "crash" is most likely wrong so stubbornly playing triple short effs is likely just the wrong approach even if you can make some money for a few days. Sector based plays have been much better and avoid the triples imo.
Updated Hi,, fair question, and I'm honest; apologies for not answering immediately. I exited TVIX same day. I'd been in some positions overnight from day before and scaled in premarket the morning of the big drop Thursday. At the time I posted I was up. I held overnight, they gapped back down Friday to near breakeven. Sold some premkt Friday, got back in Friday morning, used trailing stops to lock in gains midday Friday. It was disappointing to see most of the 1300 I was up on Thursday disappear on Friday's gap. I am always swing and daytrading this stuff, lmk if any questions and I'll do my best to answer soon.
%% I have noticed he favors bear side; me to , but in a bear market/200dma. I like the QQQ long/bullish 200dma, trend so i seldom trade sqqq., or TNA .Long term inverse charts as noted again=bad downtrend Ive made money off SDOW, SRTY, but much more off UPRO/SPY/SPYG/TQQQ . And you may have noticed how few funds do short/inverse-- thats a clue? IF he did make big bucks on inverse, his students may try that/lose big + sue him in court??