My #1 doubler pick here: UVXY

Today's epic run on high volume in UVXY tells me it finally is an outstanding play for potentially doubling by end of year, from 10 to 20.

I'm holding just over 1,000 shares here overnight

Not a recommendation..... but it did great eod volatility surge. I like UVXY, which I was daytrading up to 2000 shares this afternoon. I was also pair trading SQQQ/SOXL. VOLATILITY rocks on.

https://www.cnbc.com/quotes/UVXY

 

UVXY... is that one you get a K-1 on at the end of the year?

 

Use ctrl F find Distributes K1 on this webpage... https://www.etf.com/UVXY#overview

 

Or look at today's CHART. Plus up afterhours

 

What is k-1?

 

Kickboxing organization.

 

UVXY indeed seems like a great bet, VIX has underperformed when compared to the stock market cratering as of the last several months, about time VIX (and thus UVXY) catch up on the upside.

 

Now I opened a uvxy chart and checked history and it looks like it only goes down what am I missing?

 

Camping out in UVXY-land could be invigorating to say the least, lol.
What timeframe charts do you like to trade?

 

It's down 7% ytd in a year conducive to playing it and down 99% in 5 years. What could go wrong ?