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Bought near market close after Chairman Fischer gave a debriefing that the rate hike is expected to continue along with volatility. I got out to realize profits, but expect to get back in tomorrow. Going long. Last, Robinhood still won't verify trades with UVXY. I'm wondering if it's like this for other Leveraged ETFs.
Failed Spike above .30. In & out
Kept profits after market hit a short-term bottom due to the panic of $26 oil. Looking to get back in once price dips below $50.
Average length of the bull market is 7 years & oil is bouncing.
Wish I had more funds available to catch this morning spike. Too bad Robinhood doesn't allow me to profit on the way down.
Started with a small account during Christmas break. I never stay in leveraged ETF for long periods of time, but I do understand the average length of a bull market and the bottom of UVXY trades in the $23-$26 range. We won't see it there again for awhile.
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