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saintforlife1
New Orleans Saints Fan
Member since Jul 2012
617 posts

re: UVXY........ETF that I'm killing it on


Can someone explain why the price of UVXY goes up when the markets are down and vice versa? Is this some kind of inverse ETF? How do you know an ETF does this?

Is there an ETF that doesn't have a negative correlation to the market but has high volatility just like UVXY? I am a glass half full kind of guy. I hate betting against something. I'd rather root for something to go up.







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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16006 posts

re: UVXY........ETF that I'm killing it on


SPXL is bull on S&P



But why would you want a bull ETF in a market that is historically at an all time high



This post was edited on 6/4 at 4:09 pm


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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16006 posts

re: UVXY........ETF that I'm killing it on


Just sold the last remaining 3000 shares of UVXY.......@ 7.74 from a purchase price of 5.74......

That wasn't a bad ride..........Hope I didn't pull out too early.






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LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
20925 posts

re: UVXY........ETF that I'm killing it on


Time decay is the worst. Who remembers the ultrashort funds DUG and SKF from the 2009 apocalyptic days?





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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16006 posts

re: UVXY........ETF that I'm killing it on


I never played with DIG and DUG..........but they were some bad roller coasters.

I did have some nice rides with BOIL...........

If its below 38 I always buy 500......and set my sell limit at 44........Done it twice in 12.......

It's a natural gas 2x multiplier........if it falls below 40 I'll probably scoop up another 500 because when hurricane season and winter projections come through in fall it usually skyrockets back to the high 40s-low 50s.

Natural Gas prices have been at all time lows the last 3 years........I'm just following the formula of buy low......



This post was edited on 6/6 at 12:44 pm


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