Hoping to be out of these long UVXY trades in the green mid to late May.
The spread between the /vx front month and the later months is massive right now which has caused UVXY to sell off at a much higher rate than the move up in the /ES. The /ES has been actually fairly choppy yet the UVXY sold off big time. I see opportunity there as normally that spread is not nearly as wide as it is today.
I sure do wish I had been more patient with my UVXY entry. These prices right now sure do look very appealing to scoop up, but I'm already too over extended to pick up some at these levels.
To whom it may concern. It's back the truck up time for UVXY. Too bad I was impatient and already entered far from here. But had I not, today would be the most ideal time to back the truck up.
roro Feb 10, 15 8:49 AM
Depends on your time frame. If you are looking for a swing I'd be looking for your chances to buy up UVXY. But if your day trading there are plenty of opportunities to short UVXY. My big position right now is long uvxy, but i'm actually holding a little bit of XIV also for shorter term trade.
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Holy crap I hit 50k in profit on yesterday's close. 100k next target!
I'm holding large amounts of uvxy as of yesterday
If anyone is interested if we get SPX 2035 during normal trading hours this week I will look to load the boat on UVXY longs, but will exit quickly if it doesn't work out. If it does work out I'll be holding for several days.
roro Jan 26, 15 2:44 PM
Trade went against me, but I didn't take loss because I am very familiar with how UVXY trades and am comfortable with holding. The thing about volatility last 6 months is it continues to move and I don't see a loss in this position.
roro Jan 29, 15 10:13 AM
Took profit on this today. It always comes back. Volatility isn't your normal type of trade. Will look to get back long if I can in the afternoon today or tomorrow afternoon hopefully.
roro Jan 29, 15 10:15 AM
Also of note is volatility spikes are occurring sooner and sooner over the last few months. My next entry hopefully I will hold through late February.
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Got exactly what I was looking for in the /es today. I completely loaded the boat on UVXY longs at /es 2050 and am looking to hold into mid to late February depending on the price action. This is the big one.
@roro Nice looking profit chart, mine looks like yours started. What's the biggest difference in swing trading?
@roro just became a fully transparent trader today!
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