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Started By
Message
re: UVXY........ETF that I'm killing it on
Posted on 6/3/13 at 2:15 pm to ThaBigFella
Posted on 6/3/13 at 2:15 pm to ThaBigFella
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.
1
Posted on 6/3/13 at 2:25 pm to LSU0358
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.
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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