UVXY........ETF that I'm killing it on | TigerDroppings.com

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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16505 posts

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



I've been buying 3000 shares of this at 5.73 the past 2 weeks and selling off at 6.10......

If you are looking for an ETF that plays off volatility and can play as insurance for your portfolio better get in under 6 bucks and wait for the DOW to drop to around 14000s again........



This post was edited on 5/30 at 11:01 am



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roguetiger15
LSU Fan
Member since Jan 2013
4172 posts

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


im starting to fall in love with MLPs





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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16505 posts

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


Send me some more to research.......MLPs are your friend......





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roguetiger15
LSU Fan
Member since Jan 2013
4172 posts

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


chkr

i try to stick with wildcat oriented and pipeline, pipeline is more stable of course which gives you a good blend



This post was edited on 5/30 at 11:06 am


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roguetiger15
LSU Fan
Member since Jan 2013
4172 posts

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


(no message)


This post was edited on 5/30 at 11:15 am


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Janky
LSU Fan
Team Primo
Member since Jun 2011
8045 posts

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


or MLPFX if you don't want to deal with K-1s and still have exposure.





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roguetiger15
LSU Fan
Member since Jan 2013
4172 posts

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


correcto





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

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


ya wait till uvxy starts decaying and your stuck in a position. A friend of mine thought he was hot shite with it in march going from $8 to $12 in one day, I told him to stop trading it, now he's crying thats it in the $5's.

Time decay is not on your side






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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16505 posts

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


Thanks big fella.......... Your portfolio must be rocking......I mean you are talking about time decay on an ETF that is used to hedge losses.




This post was edited on 5/30 at 12:07 pm


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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

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


ok I dare you to hold uvxy and wait for the correction like my friend. I completely understand uvxy, its a series of short term options and its gone nowhere but down over time. As a short term trade its up from time to time, sometimes 30% in one day, hold onto it for a few weeks and let me know what happens





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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16505 posts

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


OK..........Bookmarked........

I've sold twice already.......You think I'm gonna hold onto it if I bought at 5.70 and it goes to 6.70........

I'll take my 3000 bucks and run anyday.

But I'm holding at 5.70 right now.






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slackster
LSU Fan
Houston
Member since Mar 2009
6334 posts
 Online 

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


Leveraged ETFs all suffer from time decay, and with few exceptions, they are terrible long-term plays.

For the first six months of 2009, the XLF Financials index was down ~6%. FAZ, 3x inverse, and FAS, 3x long, were down -84% and -64%, respectively. You would have gotten your arse handed to you regardless of what side you were on.

Leveraged ETFs are short-term plays and short-term plays only. Good luck.






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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16505 posts

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


Who said anything about holding long term?

I'm just gonna ride the wave. up since I posted this thread almost a dollar.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

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


I saw tvix which is the same thing was up 8% today, which made no sense to me bc I thought these etfs rose when the market plunged?





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RedStickBR
LSU Fan
Member since Sep 2009
10020 posts

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


Great risk analysis ...





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LSU0358
LSU Fan
Member since Jan 2005
5183 posts

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


quote:

Time decay is not on your side


Agree. These for the most part are day trading instruments. Anymore than that and the decay kills you.






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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16505 posts

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


I haven't held it for longer than a week.........but it's a such a good price per share and moves 4-5% at a day sometimes that you can sell off and get back in within the week.......

Like I said I am in no way saying I'm holding this long term........I just playing 3000 shares at a time and hitting them for sales when I get to .40 limit sell.....its a 1200 dollar clip and in the last 3 weeks I've pulled down 4800 bucks playing 15k at time......

It just a series of Limit orders I have set......

Not holding this at all, I just think their will be volatility all summer.






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2471 posts

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


quote:

their will be volatility


I won't grammar nazi this thread.






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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16505 posts

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


Thank god.......you'd really make your point that way.





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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2471 posts

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








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