You stepping to me? You really have no idea why most here are supportive of Ken, do you? I would have expected better from a Mensa International member. You might be happier posting your predictable two line(Tops) ad homs on another thread. However, you will be always welcome at my poker table. Ken's a maniac, maniac on the trading floor And he's trading like he never traded before On the ice-blue line of insanity is a place most never see It's a hard-won place of mystery touch it, but can't hold it You work all your life for that Moment in time, it could come or pass you by It's a push-shove world, but there's always a chance If the hunger stays the night There's a cold kinetic tick, struggling, stretching for the wick Never stopping with his head against the wind... ""
I'm right again, UVXY SOXS SQQQ gapping up nicely today. H8ers can suck it. #gobears. https://www.cnbc.com/quotes/SQQQ https://www.cnbc.com/quotes/SOXS https://www.cnbc.com/quotes/UVXY
This post will discuss how I perceive UVXY. My intention is to stimulate discussion or at least provide basic information on UVXY because it is an unusal instrument that can confuse traders not familiar with it. I am not looking to teach, provide advice, praise, or criticize any poster in this thread with this post. From https://www.proshares.com/our-etfs/strategic/uvxy Important Considerations The Funds are benchmarked to an Index of VIX futures contracts. The Funds are not benchmarked to the widely referenced Cboe Volatility Index, commonly known as the “VIX.” The Funds should be expected to perform very differently from the VIX or one and one-half times (1.5x) or one-half the inverse (-0.5x) of the performance of the VIX, as applicable. This fund is not an investment company regulated under the Investment Company Act of 1940 and is not afforded its protections. Please read the prospectus carefully before investing. This leveraged ProShares ETF seeks a return that is 1.5x the return of its underlying benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. The relative performance of an instrument can be compared to a index by dividing that instrument by the index. A rising line indicates that instrument outperformed the index during the period of time in question, for example. There are several ways to profit during bear markets. One can simply sell stocks and buy 4.5% plus treasury securities, short a long index ETF directly, buy a short index ETF, use an option strategy, buy a volatility ETF such as UVXY, among other possibilities. As a thought experiment, let's consider the relative performance of long UVXY position compared to being long a short SP500 index ETF, such as SH, for the last 52 weeks. Looking back fifty-two weeks ago, we can set the relative value of UVXY/SH to 1.00. As of Monday's close, this relative value was .37, to the detrement of UVXY versus SH. Visually, UVXY's underperformance looks like a reasonably smooth declining equity curve. I wonder if there might be a trading strategy, either using underlyings or option strategies that could benefit from the aforementioned observation? At the very least, for bearish trades with horizons of over a day, it seems long SH is vastly superior to long UVXY. UVXY may have a place as a intraday hedge while one works a significant number of orders as they are repositioning their portfolio.
the Big #1 reason UVXY is vastly superior to SH is leverage; SH 52 week range is17.8 - 13.6 (shit), while UVXY is 24 -5 (glorious). virtually no/minimal upside to SH long, vs quadruple upside in UVXY. it's a critical difference
No entry time, no price, no targets, no stops, no track record, no execution = no interest. Same old junk. Still using self-adulation to refer to yourself as a "master" and rampant socioism to claim you have your own university?