Just sold the turd known as UVXY today at 47 . Gave it a few extra days which paid off some, but still taking a loss is never fun. Thanks! Until next time....
Tuesday, May 6, 2014
Been super busy around here lately, pardon the absence. Missed the Buy VXX signal a few days ago but that's worked in our favor as UVXY is now lower than the trigger price. I just purchased a decent sized lot of UVXY at 52.40. I'm setting a limit sell order for 55.00 targeting a ~5% gain. I'll give it 5 days to get there otherwise I'll sell it next Tues 5/13 regardless. Thanks and good luck with your trading!